Ultra-Successful Entrepreneur Explains Job Creation

The Off-Topic forum for anything non-LDS related, such as sports or politics. Rated PG through PG-13.
Post Reply
_Analytics
_Emeritus
Posts: 4231
Joined: Thu Feb 15, 2007 9:24 pm

Ultra-Successful Entrepreneur Explains Job Creation

Post by _Analytics »

In a 6-minute video, billionaire venture capitalist Nick Hanauer explains the rationale behind why job creators such as himself ought to pay lower taxes.

http://www.youtube.com/watch?v=bBx2Y5HhplI
It’s relatively easy to agree that only Homo sapiens can speak about things that don’t really exist, and believe six impossible things before breakfast. You could never convince a monkey to give you a banana by promising him limitless bananas after death in monkey heaven.

-Yuval Noah Harari
_MeDotOrg
_Emeritus
Posts: 4761
Joined: Sun Jun 17, 2012 11:29 pm

Re: Ultra-Successful Entrepreneur Explains Job Creation

Post by _MeDotOrg »

Thanks for the post, Analytics. For me, the statistic that stood out the most was that if median household income had kept pace with the economy, it would be $92,000 a year instead of $50,000.

The economy is a pump that needs to be primed, and in order to prime the pump you need consumers that are able and willing to buy.

I bookmarked this Ted Talk in my 'Wealth and Democracy" folder.
"The great problem of any civilization is how to rejuvenate itself without rebarbarization."
- Will Durant
"We've kept more promises than we've even made"
- Donald Trump
"Of what meaning is the world without mind? The question cannot exist."
- Edwin Land
Post Reply