Banned TED Talk: Nick Hanauer "Rich people don't create jobs"
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Via Business Insider: "As the war over income inequality wages on, super-rich Seattle entrepreneur Nick Hanauer has been raising the hackles of his fellow 1-percenters, espousing the contrarian argument that rich people don't actually create jobs. The position is controversial — so much so that TED is refusing to post a talk that Hanauer gave on the subject. National Journal reports today that TED officials decided not to put Hanauer's March 1 speech up online after deeming his remarks "too politically controversial" for the site...".
Comments
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Speaker starts by claiming that "taxing the rich destroys job creation" is an article of faith for republicans. Thumbs down 👎.
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'Banned' lmao.
My brain called probable bullshit upon reading headline. Anybody else? Forget the video/content. Who wanted to watch this thinking it was credible and who was skeptical? Social experiment... Welcome to narratives on YouTube... -
I am an Indian. I am appalled to see striving USA citizens are visionaries while the politicians are complete blinds. How they get along together is beyond my idea. I wish somehow the USA citizens would take over the power.
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You really want to create jobs? Then tax the HELL out of the rich. That is money that can go towards actual needs in our society: infrastructure, fire and police protection, health services. If you don't tax the rich, most of that money is just going to sit around doing nothing. It is a fact that most rich people hoard their money, put it in trusts and do nothing with it. That is billions of dollars that could actually circulate the economy and be useful. All the more reason why you HAVE to tax them more. If anyone disagrees, then kindly name ONE job a rich person has ACTUALLY "created" and explain how specifically they did that.
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Thank You! I agree with every word but now that Donald Trump is in the White House WE ARE DOOMED!!
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This guy is so ignorant when it comes to economics the talk is unlistenable
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Taxing the rich is not a panacea. That is another myth. It will not come close at all to balancing the budget. Tony Robbins made a great video demonstrating this.
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Well, to be fair, this talk was indeed mediocre. If you plan a talk to challenge the status quo, you need to have more than one figure around which you present your premise (income of the rich vs. avg American over time--which is a point that can be deconstructed easily when you take population size increase and other variables into account). He may be right, just needed more supporting facts. That being said, I've heard much worse talks (like the over the hill model that took full advantage of her looks but now preaching an epiphany that most realize as kids namely "beauty is really on the inside"). So mediocre as this talk was, doesn't deserve banning based on merit or content alone as the title suggests.
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Obama tried to fix this problem but got shut down
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finally someone is telling the truth
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Unfair taxes are not addressed by the Democrates because the House Representatives and Senators are all rich and are friends with rich people -- so why would they?
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jobs are going away because resources are diminishing, or have at least peaked, while population continues to explode. the last 200 years was actually anomalous era of bizarre prosperity. we had 300 million years of fossil sunlight and whole continents for the industrial cancer to metasticize, thats the only reason why there were such well paid jobs for blue collar workers and middle classes in the late 20th c. but now the world is full up and weve gobbled up all the easy to extract resources. we are returning to poverty and scarcity [and far worse because of the population overshoot] which is actually the historical norm. if you want to understand our future, dont ask an economist. talk to an ecologist instead. humans are 100percent animal and our little fossil fuel detritus binge will follow the precise trajectory of any plague [and is]. the usual denialism and increased desire to 'tech our way out'' and grow our footprint, rather than face up to the predicament and abstain from growth, embrace personal sacrifice and conserve nature at any cost to humans, makes collapse inevitable.
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I was with him until the very end when he said that taxing the rich to make investments. He is correct that jobs will initially appear because some enterprising person saw a need or at least an opportunity to provide a good or service that would sell. Of course, to get a market for that product or service to develop (make buyers aware of it and make it initially available in some capacity) someone has to take a chance and produce some amount of it and market it. Therefore, some jobs will be created at first by the entrepreneur, financed either by the entrepreneur and possibly other investors. There has to be a chicken before the egg to get things going. Middle class consumers will then drive up demand which in turn would also require increase capacity for production and more workers, which means more jobs. So, in one sense he is correct. The problem is with his notion of taxing the rich for investment purposes. What investments? Who decides that? When the business and the jobs didn't come from someone else spending the taxes coming from rich people in the first place, then why shouldn't business owners do the investing with revenues from their businesses? I guess we can see where this guy is going with this. Keep it banned.
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A lot of economic fallacy going on in this TED talk.
Foremost, demand does not create supply. Someone needs to organize the production of goods/services (supply), and that's the capitalists (who aren't always "rich").
Secondly, any time someone talks about "household income", you know they are:
a) Ignorant to economics / statistics
b) Trying to manipulate you
c) All the above -
Wow! An humble and honest capitalist, I respect that. But I disagree, while reform can buffer the effects of the crisis on the working class, no reform can "fix" capitalism.
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Leftist bullshit.
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How did you get this video if TED banned it?
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This ted talk is based on a strawman.
Republicans believe that taxing the rich would give less incentive for people to work harder. They also believe that taxing is immoral.
Not to mention some bad logic being used here. I mean, he doesnt even factor in globalisation and outsourcing that mightve lead to a lower number of jobs.
I also like how this guy thinks politicians believe the rich are the backbone of the economy. Does he even know why republicans are more willing to cut taxes on the middle class than the one percenters? Does he even know that the rich already pays for a majority of US taxes?
No wonder this ted talk got banned, all rhetorix, no substance. -
This is a continuation of the brainwashing that starts in schools and you hear the same thing over and over from liberal educators and now TED so it can reinforced until you die.
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I am not american. I'm actually from a surprisingly leftist country. My family has always been priviledged, and many of us have center-right points of view. But we have aways thought, and it has always been clear to us that taxes on the rich are the correct policy. It's better to lower taxes on businesses than to lower it on the rich.
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