Here is another must see by Nick Hanauer, a wise capitalist/plutocrat that understands his survival and the survival of his ilk depend on a viable middle class. He continues to implore both the wealthy and the government to give up on fallacies of trickle-down economics. His first TED Talk debunked the theory that wealthy capitalists are the job creators. The talk scared so many that apparently the TED Talk was a bit “hard to find’. Nick Hanauer has a version of his TED Talk appearing in the July/August edition of Politico Magazine. It is a great read. Following is his actual TED Talk along with the transcript of what he said. You probably don’t know me, but I am one of those .01 percenters that you hear about and read about, and I am by any reasonable definition a plutocrat. And tonight, what I would like to do is speak directly to other plutocrats, to my people, because it feels like it’s time for us all to have a chat. Like most plutocrats, I too am a proud and unapologetic capitalist. I have founded, cofounded or funded over 30 companies across a range of industries. I was the first non-family investor in Amazon.com. I cofounded a company called aQuantive that we sold to Microsoft for 6.4 billion dollars. My friends and I, we own a bank. I tell you this – (Laughter) – unbelievable, right? 1:03 I tell you this to show that my life is like most plutocrats. I have a broad perspective on capitalism and business, and I have been rewarded obscenely for that with a life that most of you all can’t even imagine: multiple homes, a yacht, my own plane, etc., etc., etc. But let’s be honest: I am not the smartest person you’ve ever met. I am certainly not the hardest working. I was a mediocre student. I’m not technical at all. I can’t write a word of code. Truly, my success is the consequence of spectacular luck, of birth, of circumstance and of timing. But I am actually pretty good at a couple of things. One, I have an unusually high tolerance for risk, and the other is I have a good sense, a good intuition about what will happen in the future, and I think that that intuition about the future is the essence of good entrepreneurship. 2:12 So what do I see in our future today, you ask? I see pitchforks, as in angry mobs with pitchforks, because while people like us plutocratsare living beyond the dreams of avarice, the other 99 percent of our fellow citizens are falling farther and farther behind. In 1980, the top one percent of Americans shared about eight percent of national [income], while the bottom 50 percent of Americans shared 18 percent.Thirty years later, today, the top one percent shares over 20 percent of national [income], while the bottom 50 percent of Americans share 12 or 13. If the trend continues, the top one percent will share over 30 percent of national [income] in another 30 years, while the bottom 50 percent of Americans will share just six.…