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Rising Inequality

“Rising economic inequality is stupid and ultimately self-defeating.” Nick Hanauer

TED says “Nick Hanauer is a rich guy, an unrepentant capitalist — and he has something to say to his fellow plutocrats: Wake up! Growing inequality is about to push our societies into conditions resembling pre-revolutionary France.”

Hanauer argues that dramatic increase in minimum wage could grow the middle class, deliver economic prosperity … and prevent a revolution.

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