Select Page

Controversial TEDtalk Says Rich People Don’t Create Jobs

Banned TED Talk: Nick Hanauer “Rich people don’t create jobs”

Rich people don’t make jobs? An interesting point, but many people disagree. This video has generated over 5,000 comments. A lot of them think Hanauer is wrong.

Here’s the comment I left:

The point here is that economic flow is a system or “life-like feedback loop”. (Think eco-system or cardiovascular system.) All the parts of a system work together to make one whole entity. If part of a system is not allowed to thrive, or is blocked, or is starved, the entire system is doomed to failure. This is why trickle-down economics is unsustainable.

If the economy has a head (the ultra rich), and dollars are oxygen, you can see that trickle-down economics eventually suffocates the limbs and vital organs of the economic body. Finally, brain activity flickers out – as the head, itself, dies because the body can no longer sustain it.

It may be more true to say rich people don’t make jobs ALONE. Appropriately taxing the rich would rightfully pump necessary oxygen back into a dying economy – to keep the economy system flowing. Hanauer is saying this would be good for everyone, including the wealthy.

What do you think?

Advertisements
Advertisements

About The Author

JoAnn Chateau

JoAnn Chateau likes progressive politics and loves the canines. She writes fiction about an alpha Bichon named Chester, and his friends--with a dash of humor and a dab of poli-sci. JoAnn worked professionally in the Psychology and Information Science fields. Retired now, she enjoys the creative life.

Subscribe to the ...

Advertisements

Categories

Archives

Advertisements

Shares, Comments, Re-Blogs & Awards

Thank you for sharing my posts with your social network. If I’m on the same network, I’ll strive to return the favor. ♥

Feel free to make constructive and/or witty comments. I usually follow fellow-bloggers who regularly add to the discussion. ♥

You may re-blog an excerpt without asking permission. Due to custom theme and plugins, the ‘Re-Blog’ button will not display — so use ‘Press This’ to re-blog ♥

This blog is award-free. Still, thanks for thinking of me! ♥

~ JoAnn

Copyright

Copyright © 2013-17 • All Rights Reserved • JoAnnChateau.com

Advertisements
%d bloggers like this: