Q&A: Nick Hanauer believes that stock buybacks are at the root of American inequality

By Arne Alsin

“Over the past thirty years, it seems the rich have gotten richer and the poor have gotten poorer. All the data support this: Homelessness has spiked in urban areas, while CEO pay has skyrocketed over the past three decades. Meanwhile, wages for the middle class have become abysmally stagnant. The overall level of inequality is now approaching “the extreme level that prevailed prior to the Great Depression,” notes Stanford’s Center on Poverty and Inequality.”…

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