CEO Nick Hanauer: “If lower taxes for the rich led to job creation, we would be drowning in jobs”

By now you’ve read or heard that TED censored CEO Nick Hanauer’s speech on Income Inequality and the differences in taxation, so by all means, if you haven’t seen it, do so now. Hanauer is a capitalist, whose experience is vast, having been one of the first investors with Amazon.com. When someone speaks the truth while having the wisdom and audacity to call out the Reagan-initiated ‘trickle down’ economics, stating that the wealthy don’t actually create jobs and that the middle class do, it’s a rude awakening for the Status quo — and obviously worthy of censorship to them.

Watch and listen to the words they don’t want you to hear:

  • get you man pants on!

    Hello Anomaly, can’t remember if I dugg this and I can’t get back on digg. My accounts been frozen or banned. I guess their gonna review my history. Left a link for a DP and they must have reported it, took about thirty minutes.Anyway, I’LL BE BACK
    http://www.youtube.com/watch?v=e4hQh-i4irw
    ayebyme

    • http://freakoutnation.com/ Anomaly

      You were banned? ProTip: I have been banned many times due to the Digg Fuckwit Patriots mass reporting me for benign comments. Just write digg and I’m sure it will be straightened out. Nothing you’ve said there is ban worthy.

      Are you on Facebook by any chance?

    • jj

      Get your…

    • jj

      Get your…

  • ageofknowledge

    Nick is right. Listen to Nick instead of the corporate conglomerate MSM elitists.

    Economy in Crisis
    http://www.economyincrisis.org

  • http://www.facebook.com/profile.php?id=757161242 Jesse Rock

    The only problem with this is it’s not true. They’ve had many talks about this same subject, but this one was very short and devoid of any statistics or citation. It was a mostly opinion piece, and regardless of the fact most of us agree with his opinion , it’s not something that should be put up by TED.

    • Alex Zeleniak

      I think that simple chart depicting a declining tax rate for the top earners and the steady increase in unemployment was enough to prove his point. Common sense would lead most to believe that more money in the pockets of consumers is good for the economy since we have a consumption based economy. Less would be counter productive. I would love to see a factual explanation of the mechanics of how the rich create jobs and how that if they were taxed more those jobs wouldn’t be created. If the rich create jobs lets not tax them at all and fix this broken economy!

      • http://twitter.com/mehwoot mehwoot

        Yeah, cause you know, correlation is causality. That’s the high standard of statistical knowledge we expect from TED talks.

        • Jusbean

          it is a statistical fact that the vast majority of the functional GDP of american comes from consumption by middle class people. therefore if you see a decrease in middle class incomes, you see a drop in their spending. a drop in middle spending then hurts the economy. he is right on in saying that a rich person, no matter how rich, simply cannot consume as much as a 200-million person middle class.

          • IANVS

            Absolutely! That’s why consumer spending makes up the majority of the economy. All this quasi-religious propaganda around capitalism makes me sick. It’s just a bunch of old men who want to be certain that they’re right so bad they stop looking at evidence all together.

        • Jusbean

          it is a statistical fact that the vast majority of the functional GDP of american comes from consumption by middle class people. therefore if you see a decrease in middle class incomes, you see a drop in their spending. a drop in middle spending then hurts the economy. he is right on in saying that a rich person, no matter how rich, simply cannot consume as much as a 200-million person middle class.

          • IANVS

            Absolutely! That’s why consumer spending makes up the majority of the economy. All this quasi-religious propaganda around capitalism makes me sick. It’s just a bunch of old men who want to be certain that they’re right so bad they stop looking at evidence all together.

      • Pheelyks

        The only reason you were able to repost this video is because TED posted it to YouTube.

        What a hypocritical f*ck you are.

  • http://www.facebook.com/profile.php?id=757161242 Jesse Rock

    The only problem with this is it’s not true. They’ve had many talks about this same subject, but this one was very short and devoid of any statistics or citation. It was a mostly opinion piece, and regardless of the fact most of us agree with his opinion , it’s not something that should be put up by TED.

    • Alex Zeleniak

      I think that simple chart depicting a declining tax rate for the top earners and the steady increase in unemployment was enough to prove his point. Common sense would lead most to believe that more money in the pockets of consumers is good for the economy since we have a consumption based economy. Less would be counter productive. I would love to see a factual explanation of the mechanics of how the rich create jobs and how that if they were taxed more those jobs wouldn’t be created. If the rich create jobs lets not tax them at all and fix this broken economy!

  • Bob

    Saying TED censored him is like claiming your local newspaper censored you because it didn’t choose your letter out of the other dozens to appear in the letters to the editor section.

    You can debate the merits of his argument one way or the other, but to sensationalize it by claiming censorship distracts from that discussion.

  • StillThinking

    More of the same old “us against them” theory of why life sucks. Your life doesn’t suck because other people have money. Your life sucks because you don’t have money. Stop hating the rich. Instead, spend your time loving yourself and your possibilities. Believe me, rich liberals and powerful politicans like Obama don’t hate the rich. They know the rich are not evil. They’re just rich. So Obama and other wannabes just use them to make their own dreams possible. Meanwhile, the lower classes –and that’s the way they think of us –spend all our time in this meaningless sport of rooting for or against them.

    • IANVS

      I like it how you chastise the “us against them” theory, but then say “and that’s the way they think of us.”

    • IANVS

      I like it how you chastise the “us against them” theory, but then say “and that’s the way they think of us.”

  • alex

    this piece ignores TED’s release about why they actually turned down this presentation. It was because it was sub-standard and strongly partisan, not because the issue was sensitive, They’ve provided platforms for speeches on inequality many times.

  • alex

    this piece ignores TED’s release about why they actually turned down this presentation. It was because it was sub-standard and strongly partisan, not because the issue was sensitive, They’ve provided platforms for speeches on inequality many times.

  • Pheelyks

    The only reason you were able to repost this video is because TED posted it to YouTube.

    What a hypocritical f*ck you are.

  • http://www.facebook.com/profile.php?id=1089693024 John Marcotte

    I agree with him 100%.

    I also think that his presentation was flat and not up to TED standards. It just wasn’t that great of a presentation.

  • JohnMarcotte

    I agree with him 100%.

    I also think that his presentation was flat and not up to TED standards. It just wasn’t that great of a presentation.

  • Bob

    Saying TED censored him is like claiming your local newspaper censored you because it didn’t choose your letter out of the other dozens to appear in the letters to the editor section.

    You can debate the merits of his argument one way or the other, but to sensationalize it by claiming censorship distracts from that discussion.