{"id":15339,"date":"2024-11-12T17:11:48","date_gmt":"2024-11-12T17:11:48","guid":{"rendered":"https:\/\/lonecandle.com\/?p=15339"},"modified":"2024-11-12T17:11:48","modified_gmt":"2024-11-12T17:11:48","slug":"robert-reich-is-wrong-about-billionaires-and-almost-everything-else","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=15339","title":{"rendered":"Robert Reich Is Wrong About Billionaires\u2014and Almost Everything Else"},"content":{"rendered":"\n<p>&#8220;Capitalists create new wealth. They don&#8217;t take a big slice of the pie and leave us a sliver. If they get rich, it&#8217;s because they find ways to bake lots of&nbsp;<em>new<\/em>&nbsp;pies.<\/p>\n\n\n\n<p>That&#8217;s what&#8217;s happened in America. Its why today, even poor Americans have access to things European kings only dreamed about.<\/p>\n\n\n\n<p>Capitalists can get rich only by making all of us better off.<\/p>\n\n\n\n<p><em>Actual<\/em>&nbsp;economist Dan Mitchell explains, &#8220;Billionaires only kept 2.2 percent of the additional wealth they generated\u2026.The rest of us captured almost 98 percent of the benefits.&#8221;&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-reason-com wp-block-embed-reason-com\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"Xi5qgipB0U\"><a href=\"https:\/\/reason.com\/2024\/09\/25\/robert-reich-is-wrong-about-billionaires-and-almost-everything-else\/\">Robert Reich Is Wrong About Billionaires\u2014and Almost Everything Else<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Robert Reich Is Wrong About Billionaires\u2014and Almost Everything Else&#8221; &#8212; Reason.com\" src=\"https:\/\/reason.com\/2024\/09\/25\/robert-reich-is-wrong-about-billionaires-and-almost-everything-else\/embed\/#?secret=r3LByoljVX#?secret=Xi5qgipB0U\" data-secret=\"Xi5qgipB0U\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Capitalists create new wealth. They don&#8217;t take a big slice of the pie and leave us a sliver. If they get rich, it&#8217;s because they find ways to bake lots of new pies.<br \/>\nThat&#8217;s what&#8217;s happened in America. Its why today, even poor Americans have access to things European kings only dreamed about.<\/p>\n<p>Capitalists can get rich only by making all of us better off.<\/p>\n<p>Actual economist Dan Mitchell explains, &#8220;Billionaires only kept 2.2 percent of the additional wealth they generated\u2026.The rest of us captured almost 98 percent of the benefits.&#8221;&#8221;<\/p>\n<p>https:\/\/reason.com\/2024\/09\/25\/robert-reich-is-wrong-about-billionaires-and-almost-everything-else\/<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[798,329,993,217,165,1839,100,619,101],"class_list":["post-15339","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-business","tag-capitalism","tag-corporations","tag-economics","tag-economy","tag-profit","tag-rich","tag-united-states","tag-wealthy"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/15339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15339"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/15339\/revisions"}],"predecessor-version":[{"id":15340,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/15339\/revisions\/15340"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}