Banned TED Talk: Nick Hanauer "Rich people don't create jobs"

[marsvolta]

i think the whole fuckin point is that the rich do not pay their "fair share" of taxes. when i say "fair share" then i mean that "it hurts" just as much as "it hurts" other income groups when they pay their taxes. god, when i became a corporation i was absolutely amazed at how much my taxation dropped. taxed at source is the true modern slavery and anybody who is not in that position knows it!

we need the movers and shakers in our economy... but what is being implied by mr hanauer is that the top earners are not gods. they don't deserve some ridiculously low effective tax rate and tonnes of easy ways to hide cash where the tax man won't even see it. or the ability to just take all that money they made using a countries resources and infrastructure and leave.

 

[Cock Throppled]

I've been an unrepresented worker, a contract worker, a unionized worker and a business owner and worked hard at all of them.

Social standing and wealth doesn't equate to how hard you work.

The stereotypes some people are painting of the poor and middle class are beyond stupid. I want to make a success of myself, I want to work hard and I want to pay my fair share. That has held true no matter my income and social standing.

The super wealthy create jobs very infrequently and rarely by intent. Bil Gates and Steve Jobs didn't set out to become billionaires and have multinational companies with thousands of employees - that was all a result of their ideas, vision, dedication, hard work, luck and a lot of help along the way.

Other than government-run agencies I don't know any businesses that will hire more people than they need. You hire the bare minimum to get the job done, be it one person or 100. It's all predicated on keeping or growing enough business to stay in business and turn a profit . And you pay employees well so they will stay and so they have money to buy other goods and services. The race to the bottom of wages by bringing in foreign workers and making sure unions stay out is economic folly.

The anti-union bile spewed by some people is so ignorant it beggars belief. Study some history. It's said " a company gets the union it deserves" and in my experience that's true.

I've dealt with unions as a company owner and businesses as a union member and usually negotiations were amicable and everyone was reasonable. The times they weren't were at companies with poor managers who went out of their way to antagonize employees and the company paid for that bad management monetarily in contracts.

I took risks to start companies and needed a lot of help from friends, family, banks, loyal employees and customers who trusted us when we had nothing to show them. It's a team effort, not some Richy Rich who shows up like superman to job create.

I am also a fan of a flat tax and eliminating all deductions, which usually benefit the rich a lot more than the middle class.

 

[CisForCookie]

I said socialistic in my original post, I didn't call him an OUTRIGHT socialist...maybe he's more of a marxist or a commie.

He's definitely not a constitutionist...

 

[CisForCookie]

You seem to believe that work ethic and willingness to risk is somehow correlated to income, promoting the ideology that the wealthy are the hard working risk takers and the poor are poor simply because they are slackers.

Not sure how you got that from my post, w/e must be all the red lines.

I work with a lot of small businesses and entrepreneurs. So I totally agree with government shouldn't be in the bailing out business, Bush did it for the banks and then Obama did it for the auto industry. No one bails out the small business owner when he has probs.

 

[CisForCookie]

Thanks for clarifying that you have no idea what you are talking about.

"He's definitely not a constitutionist..."

Wire tapping without warrants
Killing an american without trial
Sure loves them drone strikes
Isn't Gitmo still open?

f*ck the constitution, let's give him a nobel peace prize....

 

[the old maxx50]

One point Ted made // Was that he has help create a number of businesses .. But but if there is no one that want there product then they would fail and people would loss job,, and people with out jobs can't buy ..

The problem with many businesses is they are service orientated ,, not manufacturing .. They don't make new stuff ..all the do is duplicate a service that all ready is serving the market ,, So many people want to be in business for them selves ,, ,but they are saturating the market , and then no one actually succeeds ..

The create part time jobs .. and rent space .. and create faults economy that gives hope but fails .. and takes down others wit them .. default on wages , rent , loans and don't pay their suppliers .. It is an epidemic all over the world ..

The economy can not keep going when there is not enough high paying jobs to create lower paying jobs .. in consumer business .. And right now we don't need most of the crap that they want us to consume . As we figure that out .. there will even be less consumerism and less jobs ...
Then government solutions will be to raise taxes on those that work and give them less disposable income .. I honestly don't know why or how people work just to take home less then half , after all the taxes that we have to pay

A self employed person supplying a serves can cut paying some of those taxes

 

[HankQuinlan]

"He's definitely not a constitutionist..."

Wire tapping without warrants
Killing an american without trial
Sure loves them drone strikes
Isn't Gitmo still open?

f*ck the constitution, let's give him a nobel peace prize....

And these make him a socialist, commie, or marxist how? They make him right in line with Bush and his cronies, and even worse in some ways. He is a fan of corporate socialism -- letting the banks get billions of taxpayer money in the bailouts with no personal responsibilities whatsoever.

Back in line with this thread, I would tax the Wall Street criminals 100% of their income, retroactively since they started playing those games with the national and global economies. Pay back every cent of their salaries and "bonuses" until they are lining up at breadlines themselves.

 

[Tugela]

I've been an unrepresented worker, a contract worker, a unionized worker and a business owner and worked hard at all of them.

Social standing and wealth doesn't equate to how hard you work.

The stereotypes some people are painting of the poor and middle class are beyond stupid. I want to make a success of myself, I want to work hard and I want to pay my fair share. That has held true no matter my income and social standing.

The super wealthy create jobs very infrequently and rarely by intent. Bil Gates and Steve Jobs didn't set out to become billionaires and have multinational companies with thousands of employees - that was all a result of their ideas, vision, dedication, hard work, luck and a lot of help along the way.

Other than government-run agencies I don't know any businesses that will hire more people than they need. You hire the bare minimum to get the job done, be it one person or 100. It's all predicated on keeping or growing enough business to stay in business and turn a profit . And you pay employees well so they will stay and so they have money to buy other goods and services. The race to the bottom of wages by bringing in foreign workers and making sure unions stay out is economic folly.

The anti-union bile spewed by some people is so ignorant it beggars belief. Study some history. It's said " a company gets the union it deserves" and in my experience that's true.

I've dealt with unions as a company owner and businesses as a union member and usually negotiations were amicable and everyone was reasonable. The times they weren't were at companies with poor managers who went out of their way to antagonize employees and the company paid for that bad management monetarily in contracts.

I took risks to start companies and needed a lot of help from friends, family, banks, loyal employees and customers who trusted us when we had nothing to show them. It's a team effort, not some Richy Rich who shows up like superman to job create.

I am also a fan of a flat tax and eliminating all deductions, which usually benefit the rich a lot more than the middle class.

But the jobs you created happened by out competing jobs other people held else where. So, for every job you created, one was lost somewhere else. This is the problem with a service economy, it is all dependent on the productive economy for actual growth, and small entities/individuals are incapable generally of growing the productive economy. They can only service it.

 

[marsvolta]

Probably the biggest misconception underpinning much of the discussion here is that governments since the 80's have somehow become less involved in managing the "free" market. It is true that certain sectors of the economy have become deregulated, but not true that goverments have stopped allocating resources according to their ideological dispositions. This is a nonsense thread.

and why shouldn't a democracy define how and in what direction their economy should move?

reminds me of all these 'free market' worshipers who praise democracy but under their breath wish to chop its head off. democracy is a socialist construct lets not forget. without tax money democracy has no power.

we're talking about the wants of individuals having a degrading effect on the needs of the greater society. pure selfishness.

 

[Cock Throppled]

But the jobs you created happened by out competing jobs other people held else where. So, for every job you created, one was lost somewhere else. This is the problem with a service economy, it is all dependent on the productive economy for actual growth, and small entities/individuals are incapable generally of growing the productive economy. They can only service it.

Uh, no. The jobs I created were because of expanded business in our field. It didn't cost another worker a job.

By that theory there would never be any increase in employment.

If wages rise, workers can afford to buy more things they need or want.