“There is no excuse for any company in America to pay their workers so little that they need food stamps, and Medicaid and rent assistance,” explains Hanauer. “That’s not capitalism. That’s socialism for the rich.” Mr. Hanaure is a self made millionaire.
No, it is PRECISELY what capitalism is. So smart is it, that it funds underpaying bottom-end workers with money that OTHER workers have paid through their taxes.
That's a weak attempt to smear Socialism which, by very definition covers the whole community. A rich guy who can't face the truth about the unpleasant side of his beloved Capitalism.
No, it is PRECISELY what capitalism is. So smart is it, that it funds underpaying bottom-end workers with money that OTHER workers have paid through their taxes.
"A rich guy who can't face the truth about the unpleasant side of his beloved Capitalism."
You have misunderstood the meaning of the quote. Nick Hanauer has been 'facing the truth' and speaking against the increase of wealth inequality for years.