May 19, 2012

Consumers, Not Capitalists, Create Jobs

Every now and then you run across something that makes so much sense you wonder why everyone else doesn’t see it as clearly as you think you do. The bizarre contention that so many in American politics, and many of their constituents, put forth with rabid vehemence that relieving America’s wealthy of a reasonable tax burden leads to more jobs for the rest of us runs contrary to common sense. The contention is hogwash.

There is no data whatsoever to support this widely believed stance. Yet consistently we hear over and over the right-wing mantra that lowering taxes on the wealthy produces jobs. The numbers just don’t add up to support this notion and it’s time we finally stopped allowing such nonsense to flourish in the political discourse.

Nick Hanauer gave a great presentation at the TED conference on this topic and you can view it following this post. I recommend you view it, then share and post it far and wide.

Sharing, tweeting and otherwise disseminating this video to your network is especially important because, as of the writing of this post, the TED folks have decided to not post this video on their site. My guess is that it’s because its contentions might hurt some of their wealthy donors financially, but that’s only a guess. Regardless of why it’s not on their website, it should be and has a petition I encourage you to sign to get TED to post the video.

Once you view the video, I’d be interested in your thoughts about it.

(In the interest of full disclosure and balance, here is TED’s official response to not posting the video. I’m still not convinced by their reasoning and I think they should post the presentation.)

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