Comments by "" (@jmitterii2) on "Nick Hanauer on His Banned TED Talk u0026 Why the Middle Class are the Job Creators" video.

  1. The meritocracy standpoint is generic differentiation from a caste system of noble/elite families with dynastic and nepotistic economic stratus from one that allows one not be part of that caste and climb up or down various stations in society. What people ignore, is it doesn't mean that people get what they deserve. It just means you have a chance to rise or lower yourself economically in society from hence your station you were born. Promoting meritocracy is like promoting an economy that has a prohibition on slavery. Okay, so we have some progress... you might be able to make a fortune and climb high in society and not be looked down upon for not being a noble lord of the land in the first place. But do we stand around and pat each other on the back we can't own people anymore?
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  2. He wasn't promoting necessarily being tax higher. He was promoting ensuring labor gets a fair wage and joins into the wealth of owning shares of businesses and supplies. For instance, a group bought their trailer court I think in Michigan. They bought it as a co-op. The rents are actually smaller and the profits go to actually doing upkeep, they put in better roads and better main water lines, as well paying of the co-op mortgage they took out, so soon they won't have mortgages and they'll all own their lots outright. Saving even more money not having to pay rent. At that point, any payments on the co-op would be just for maintenance and any new tenants that just want to rent a lot. And they share in that wealth. It's something that will have to happen as automation and robotic works make most labor obsolete anyways... probably 200 or so years down the road. When even putting electrical lines, main water lines, construction, etc, will have some robots that drive out to the location and start doing all the work themselves. At that point, everyone requires a distribution not of income, since wages won't even exist, but of the wealth that provides the income. During the transition period, which is happening now, it would be smart for co-ops and meaningful share distribution to workers to make incomes off the dividends. Otherwise you have a precarious fragile winner takes all feudal, slave, robber baron economic system doomed to collapse in anarchy and/or struggle for long periods of time in autocracy while the oligarchs suppress the people until it eventually collapses anyways.
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