By MORGAN KORN, Daily Ticker
Venture capitalist and entrepreneur Nick Hanauer has stern words for millionaires -- it's time to pay your fair share of taxes.
The self-made millionaire, who sold his Internet media company aQuantive to Microsoft for $6.4 billion, tells Henry Blodget in the above video that he supports changes to the tax code.
"People in the top 1 percent are paying historically low tax rates," he says. "That's simply an unsustainable way to run a capitalistic society." [MORE]