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Banned TED Talk: Nick Hanauer "Rich People Don't Create Jobs"


World  (tags: Entrepreneur, Nick Hanauer, rich people don't create jobs, job creators, 1%, farce, lies, trickle down economics )

Sheryl
- 1551 days ago - youtube.com
Super-rich Seattle entrepreneur Nick Hanauer has been raising the hackles of his fellow 1%. The position is controversial so much so that National Journal reported TED officials decided not to put Hanauer's March 1 speech up online. View it while you can.



   

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Comments

Richard S (209)
Sunday July 20, 2014, 4:40 pm
This talk is great. Consumers create jobs, capitalists don't. Brilliance and HONESTY in 5 minutes and 49 seconds.

Shame on TED for banning it.

Here's the You Tube link in case: https://www.youtube.com/watch?v=CKCvf8E7V1g
 

Heidi Wood (16)
Sunday July 20, 2014, 4:45 pm
Very insightful so the middle class holds power. I see why he was banned but really come on. Thanks Dandelion
 

. (0)
Sunday July 20, 2014, 5:25 pm
The truth eventually leaks out. Thank you, Dandelion.
 

JL A (281)
Sunday July 20, 2014, 5:56 pm
I'm glad someone from that group is willing to speak the truth, yet sad that TED caved on the accessibility of his talk. Thanks Dandelion.
 

Freya H (358)
Sunday July 20, 2014, 7:01 pm
Actually, the rich do create jobs - in sweat shops overseas.
 

Barbara K (62)
Sunday July 20, 2014, 7:29 pm
I've been saying for months, that we, consumers are the ones who create jobs. We create new jobs by buying products, food, cars, etc. You're right, the only jobs the wealthy create are in other countries, not here.
 

Birgit W (160)
Sunday July 20, 2014, 7:44 pm
Thanks for sharing.
 

Carla v (648)
Sunday July 20, 2014, 7:56 pm
Very interesting, thank you for sharing.
 

Edith B (146)
Sunday July 20, 2014, 8:59 pm
Thanks for sending this. I shared it on Facebook.
 

Athena F (131)
Sunday July 20, 2014, 9:04 pm
Nicely done, thanks!
 

Mandi T (367)
Sunday July 20, 2014, 9:27 pm
Thanks noted
 

Deb E (63)
Sunday July 20, 2014, 10:43 pm
Thanks for sharing. Good to see at least one rich person gets it.
 

P A (117)
Sunday July 20, 2014, 11:39 pm
At least a couple of zillionaires now have spoken out on this subject - and nearly a million people have seen this.

Howver, my query is - who the heck believed that the grossly rich create jobs anyway? Who on earth believed in 'trickle down economics'? I never have - it is against logic, against observable fact and just plain STUPID!

Surely the powers that be can't really have believed in all that tripe they sold to their voters? Never, it was just cynical demagoguery!
 

Gloria p (304)
Monday July 21, 2014, 12:40 am
TED has a creepy vibe.
 

Lynn S (235)
Monday July 21, 2014, 1:39 am
I have been listening to Nick Hanauer for a couple of years now. He is absolutely right.

@ Pat A --- Well the greedy 1% have tried and succeeded to get the none thinking to believe this, and they have succeeded to a degree. Did you listen to Romney during the last campaign?He get repeating it . . . the job creators . . . lower taxes on the wealthy job creators so they can hire more people. In their perverted sense, they made sense to the sheeple. And the same goose with trickle down economics. When the wealthy make more, they buy more and put more into the economy. That was part of the thought. But, what the sheeple fail to see is that there are a lot less wealthy people than middle class and their tastes are highend, not average goods. Add onto that that they primarily hire offshore.
Pat, you'd never make a sheeple because you know how to think critically and have too much common sense.
 

Summer M (0)
Monday July 21, 2014, 1:44 am
OMG - this SAYS IT ALL - I say - VOTE FOR THIS GUY - for NEXT PRESIDENT - especially - if he is an ENVIRONMENTALIST - AMEN ;o)
 

Arild G (174)
Monday July 21, 2014, 2:29 am
If giving taxbreaks to the rich is the answer then I wonder why Norway is one of the richest Countries in the world???
Thanks Sheryl.
 

Terrie Williams (798)
Monday July 21, 2014, 6:05 am
LOL so true Arild!!!!!! Typical that the super-rich would get this banned because he is speaking truth to power and they hate it....and FEAR IT.
 

Arlene C (30)
Monday July 21, 2014, 6:46 am
merci dandelion
 

Kathleen M (211)
Monday July 21, 2014, 6:51 am
Noted. Good find, Dandelion! Thanks for sharing. Used to respect TED; who knew that they were such cowards!
 

Winn A (179)
Monday July 21, 2014, 7:00 am
Great video.
 

Evelyn B (61)
Monday July 21, 2014, 7:02 am
Thanks, Dandelion!
Makes much more sense than this "running scared" so favouring the rich when it comes to taxes.

Unfortunately, the rich also have a way of migrating away when they are taxed more heavily ... moving to where they can hang on to more $$$$ - even if they don't really need them, even to keep up their cushy life style. They'll spend an enromous amount to avoid being taxed ....
 

Arild G (174)
Monday July 21, 2014, 8:59 am
In answer to Evelyn B:The super rich tried that in Norway also but our taxlaws prohibits anybody doing business in Norway to flee the taxman.
 

Judith H (55)
Monday July 21, 2014, 9:19 am
Noted. A pleasant, brief talk. Exactly who makes up the Board that would 'ban' something like this?!
 

Gene J (290)
Monday July 21, 2014, 10:34 am
Now if we could just get THAT blurb into the next campaign season, all campaign seasons. It is in everyone's best interest, including, as he pointed out, the 1%. Demand creates jobs, not rich people, paying additional wages and benefits is something they try to avoid at all costs - this is why so many jobs and so much manufacturing is outsourced beyond our borders, because THAT is what makes rich people richer. A middle class that cannot afford to consume, will consume our society and culture. As more people sink in this economy as there becomes increasingly two classes not three, our way of life is in danger. We cannot exist as the 1% and everyone else. No society ever has. They have all fallen from revolution within over the distribution of wealth. Those science fiction movies one sees, like Elysium, are not just stories, they are predicative of what comes next if we do not reverse the insane thinking of the past 30 years. Businesses do not bring in new CEO's to create jobs but to eliminate them and that is just morally and economically wrong.

We must expose the lies, and the truth, as clearly and completely as he did here - this should be the cornerstone of every Democratic campaign, because nothing says more about our society and its future than history, and the facts laid out so clearly by Nick Hanauer. This is the economic message Democrats have to share, along with the other ideas already out there. There is a huge divide between reality and the spin the 1% are paying to permeate our media. We have real difference in many social arenas as well - the war on women (and I know the 1% hate hearing that, but it IS true), on immigrants, on the poor, the elderly and veteran's who are overwhelmingly middle or lower class citizens are there and true and to to be campaigned on. But reform of our economic model is key to sustaining American democracy, it is how we will finance the things we must do to keep this country going, investment in infrastructure, education, bridges and highways, our ancient electrical grid, research into every aspect of science and health care for all of us. The truth is doing that, raising taxes to do that, as he points out WILL help the rich as well. That is how we keep alive the American dream, our way of life. Nothing else will do that and only we, at the grass roots level, can. This is not only a debate worth having, it is a battle we must win or the war is lost. And with it America as we have known and loved her.
 

LaurenBackSoon Kozen (173)
Monday July 21, 2014, 12:44 pm
Noted & Shared.
Thanks for sharing Sheryl.
 

Caitlin M (104)
Monday July 21, 2014, 2:38 pm
I'm so disappointed in TED for banning this talk. I don't understand their bias since there are so many essential rebels that they do support. Isn't it a shame that someone who is speaking quite simple truths be considered a rebel enough to be banned! That's the power that we're facing today, I'm afraid. Here's another interview with Nick Hanauer that's worth listening to if you have about 25 minutes to spare: https://www.youtube.com/watch?v=aOsZSIcU9OM. Thanks, Dandelion.
 

Don H (45)
Monday July 21, 2014, 3:24 pm
Thank you, Dandelion!

I have seen that before. But it was well worth watching again.

Supply side economics does not work! When G H W Bush was in a primary battle with Ronald Reagan, Bush said, "This is voodoo economics!" It might be the only thing ol' pappy Bush was ever right about.
 

Louise D (44)
Monday July 21, 2014, 3:26 pm
It is obvious given that Mitt Romney tactic was to invest in companies make massive profits from laying off staff and watch them go bankrupt. The rich are running an oligarchy which is the second most corrupt social order after a theocracy. However, with the Republicans in bed with the Religious right and a SCOTUS that is easy to buy and has departed from its mandate to interpret the Constitution and has taken upon itself to establish activist policies. Conservatives have in the past 30 years disenfranchised at least 2 generations of potential for short term gains then the blame the victims.
 

Don H (45)
Monday July 21, 2014, 3:29 pm
Gene, that was beautifully said. Sorry I can only send one star.
 

Lois J (63)
Monday July 21, 2014, 4:16 pm
Noted w/thanks for posting, Dandelion. For me, the bottom line is the way the media slants their so-called coverage of news. They give equal time to apologists for the wealthiest. They're allowed to spew absolute lies and get away with it. IF they present two sides, they always cut off the one who is speaking for those of us in the 99%. The system is rigged, and the cheaters continue to win.
 

SusanAWAY A (219)
Monday July 21, 2014, 6:18 pm
Noted and previously shared. I saw this some time in the past and was so impressed with this man. What he says makes perfect sense. No wonder it's being banned. They can't have the truth coming out.
 

Charlene R (79)
Monday July 21, 2014, 8:26 pm
The rich have but, one foal.
That is to have their money, make them more money.

The philosopher Voltaire said, and right so:
'The comfort of the rich depends upon an abundant supply of the poor'.
 

Charlene R (79)
Monday July 21, 2014, 8:27 pm
By the way, it is time to STOP, believing the garbage that they feed us.
Because, we are honest, generally speaking, sometimes, makes us think that they are, also.
 

David G (18)
Tuesday July 22, 2014, 12:32 am
Gene, I wish I could send more than one star too.
I've been advocating a straight 10% Tax for a while. 10% for all - NO exceptions, loop-hole, tax breaks or incentives.
We all know the wealthiest, corporations and individuals, find ways to pay very little or no Tax and that is not fair for the rest of us.
 

Sheryl G (360)
Tuesday July 22, 2014, 4:14 am
Thanks for all the great comments. A longer version that Caitlin offered is also good and within it he states that as public pressure mounted the TED talk was finally aired, hence why we have it on here now. Within the other a bit longer video he said the TED was well received by the audience and that his op ed that he wrote for Bloomberg Business Week went hyper viral it was the most read op ed, according to the Editors of Bloomberg Business in their history. That statement can be found at appox. 13:45.....so people are listening when this is presented.
 

Eternal G (736)
Tuesday July 22, 2014, 4:09 pm
Shared this!
 

Bryan S (105)
Tuesday July 22, 2014, 6:24 pm
Thanks Sheryl, that is a great talk about how jobs are in fact created. I guess it shows how screwed up things are when this common sense is be spelled out so easily (by someone who knows) and when we have decades of evidence that trickle-down doesn't work, but nothing changes.
 

Judy C (91)
Wednesday July 23, 2014, 9:03 pm
The asinine term "job creators" has irritated me so much since the term first emerged. Like these benevolent fat cats are sitting around dreaming up something for the rabble to do to stay busy! Too bad we can't re-route tax breaks for the elites and corporations into stimulus checks for the 99%. This consumer-driven system would flourish, and the results would actually trickle up to these plutocrats, anyway. Thanks for posting this video, Dandelion.
 

Joanne D (38)
Thursday July 24, 2014, 8:33 pm
It's a sad day when plain common sense becomes "controversial." But in a country where science itself is controversial, I guess it's only to be expected.

The wealthy believe their own BS, and that cannot last forever. Remember the line, "Nobody expects the Spanish Inquisition!" And nobody expected the French Revolution.

Judy C, I take your point, but I don't think the middle class or even the poor really want a huge windfall, they want decent jobs at decent wages so they can live decent lives. I would take away the tax breaks too, but I would route the funds into repairing infrastructure and strengthening regulatory agencies, which would provide good jobs of various kinds. Instead we are cutting back government at all levels and then wondering what is happening to jobs. It's as if we don't believe government is "really" an employer.
 

Sheryl G (360)
Friday July 25, 2014, 5:25 am
Government jobs always was the checks and balances to private employment. We as a people within the Govt. could push for better treatment in wages, benefits, job safety. When there are better jobs to be had then they do not go to private employers, unless the private employers begin to match the Government salaries and benefits. It is why they don't want Government jobs nor Unions, nothing for the people to have for any kind of leverage to be on more equal terms. When we have less Unions and Government jobs and the tax system is askew and benefits only a few at the top, then we have this unequal system that is crumbling around us daily.

This man understands that if he is to continue to do better others must also do so and Elizabeth Warren has also mentioned that fact. The more people that loose ground and fall into poverty the less well the Country is overall. Eventually the next group of people who were just above the poverty level find they themselves are falling into the hole and more fall in and there is no way to get out. Eventually, this cycle continues until the full economic system is in ruins.
 

Devon L (54)
Friday July 25, 2014, 11:08 am
Very happy to share this jewel Dandelion!!
 

Gina C (219)
Friday August 8, 2014, 12:10 pm
Thanks Dandelion
looks like many of us will continue to eat cake
 

Charlene R (79)
Sunday November 2, 2014, 11:12 pm
Don't you love it, when someone tells you the truth?
 

Darren W (218)
Monday December 21, 2015, 6:04 am
Brilliant video, Dandelion. Reshared.

It is people's attachment TO money that is one major problem. Once you've earned it, in the society you're part of, the natural thing is to pay BACK into that society to cultivate and reciprocally maintain it.

If you don't do that, you're a negative component in a bigger machine.
 

Arild G (174)
Monday December 21, 2015, 9:48 am
Here is the Aussie tribute to Norway:

Norway is the ‘best place to live’ on earth: What can we learn from this Scandinavian beauty?

12th year running.............

The only drawback is that we pay more than half our good salary in taxes,even I who get a very good pension from Norway have to pay 24% of my disability pension to Norway,but that I can deduct from what I pay in Portugal so it evens out anyway.and I'm living well down here.
 

Sheryl G (360)
Monday December 21, 2015, 2:35 pm
So glad you found this older posting of mine Darren, the information is still just as important today, nothing major has improved, conditions the same or worse.

Arild while I was looking at the article you left I was at the section of "Thus, as a rule Norwegian state universities and university colleges do not charge tuition fees. This also applies to foreign students, no matter which country you come from."

At the same time, my daughter who was here, received a FB entry of a woman from the USA raging on of how it's just too bad, if you can't pay for it then you can't go. The reason the USA has the BEST education is because of our tuitions. People from all over the world can't wait to come to our Country.

I said to my daughter, send her this link I'm reading. Also tell her that Germany will educate an American if they go over there for free as well. What is wrong with the USA if we can't even make sure our own citizens do not also have an opportunity at an education simply because they are not rich. Ignorance is not bliss.

 

Arild G (174)
Tuesday December 22, 2015, 3:25 am
You will end up with a very smart "Überclass",as for the rest:

"Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity."

Martin Luther King, Jr.

 
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