“I definitely understand how that would make lots and lots of extremely rich people uncomfortable,” said Mr. Hanauer, co-founder of a Seattle-based venture capital firm and an early investor in Amazon. “But I’m more worried about our democracy.”
“Don’t get me wrong,” he added. “I would prefer 3 percent.” But even at 6 percent, he said, “we would all survive and continue to be rich and fly around in our planes.”
He pointed out that most Americans had been living with meager income growth for decades, while the silk-thin layer at the top shoveled in enormous gains, cumulatively more than 400 percent since 1980.
“All you’re doing is saying to the richest percent of Americans that the rate of growth of your assets and wealth will now match what has happened to other Americans over the last 40 years,” Mr. Hanauer said.
By the way, Firefox is my system default browser. The team has put in a ton of work to make it fast and stable.
[But] what started as a Steve Jobs TED talk has become a parody — a decadent pageant of Palo Alto executives, clothed in their finest Dad Casual, reading ad copy as lead-ins for vaguely sexual jump-cut videos of brushed aluminum under nightclub lighting. The events are exhausting love letters to consumerism complete with rounds of applause from the laptop-lit faces of the tech blogging audience when executives mention that you (yes you!) can hold the future in your hands for just $24.95 per month or $599 with trade-in.Charlie Warzel: The Last Apple Keynote (Let’s Hope)
The entire event is at odds with our current moment — one in which inequality, economic precarity and populist frustration have infiltrated our politics and reshaped our relationships with once-adored tech companies. But it’s not just the tech backlash. When the world feels increasingly volatile and fragile, it feels a little obscene to gather to worship a $1,000 phone. Serving journalists pastries topped with gold leaf doesn’t do much to help either.
Most recently, the president has insisted the structure be painted black and topped with spikes, while grumbling to aides that the Army Corps contracting process is holding back his ambitions. At the White House meeting Thursday, he said he doesn’t like the current design for the wall’s gates, suggesting that instead of the hydraulic sliding gate design, the Army Corps should consider an alternative, according to an administration official: “Why not French doors?” the president asked.
That’s the Washington Post, not the Onion.