Banned TED Talk: ‘Rich People Don’t Create Jobs’ Nick Hanauer

[God]

Well in this video we find out who really creates Jobs.

http://www.collective-evolution.com/2013/07/12/banned-ted-talk-rich-people-dont-create-jobs-nick-hanauer/


“It is astounding how significantly one idea can shape a society and its policies. Consider this one. If taxes on the rich go up, job creation will go down. This idea is an article of faith for Republicans and seldom challenged by Democrats and has shaped much of today’s economic landscape. But sometimes the ideas that we know to be true are dead wrong. For thousands of years people were sure that earth was at the center of the universe. It’s not, and an astronomer who still believed that it was, would do some lousy astronomy. In the same way, a policy maker who believed that the rich and businesses are “job creators” and therefore should not be taxed, would make equally bad policy.” Nick Hanauer


https://www.youtube.com/watch?v=bBx2Y5HhplI

[FlyingJesus]

Let's start with a false premise (that people actually exist who think that only the rich should live tax-free) and then attack it by pretending that hyperinflation will save poor people (because prices don't go up when everyone earns more or anything...) and give ourselves a big pat on the back

He also attempts twist logic by stating "there can never be enough super-rich people to power a great economy" which is true, but actually goes against his point since clearly for every rich business owner there will be multiple less wealthy people in their employ - it's a very simple case of slave and master economics which is how everything has always happened in all walks of life since the beginning of time.

Another favourite quote from this is "rich people like me don't create jobs; jobs are a consequence of an ecosystemic feedback loop between customers and businesses" as though somehow these businesses exist in a vacuum and don't comprise mainly of the super-rich. Also a big fan of how he doesn't even mention the lower classes until right at the end as a non sequitur that apparently doesn't require any further explanation.