The "Job Creator" Lie
Saturday, May 19, 2012 at 7:40AM Nick Hanauer is a venture capatilist and knows a thing or two about creating jobs. In his TED talk he made this lie perfectly clear:
“Since 1980 the share of income for the top 1% of Americans have more than tripled, while our effective tax rates has gone down by 50%... If it was true that lower taxes for the rich -- and more wealth for the wealthy -- led to “job creation,” today we would be drowning in jobs ….. And yet, unemployment and under employment is at records highs.” -- Nick Hanauer
He goes on to say “We’ve had it backwards for the last 30 years…. In a capitalist economy the true job creators are middle-class consumers. And taxing the rich to make investments that make the middle class grow and thrive is the single shrewdest thing we can do for the middle class, for the poor, and for the rich.”
Briliant. Simply briliant.
Rather than this bold face lie we hear from the Republicans, it was Henry Ford who had it right. He paid his workers well, as he stived to make a car that anyone with a good wage could affort to own.
Who thinks in terms of "paying the highest wages possible" anymore?
Hanauer points out that he only owns three cars and while he could afford to buy thousands, why would he? Without a strong middle-class -- the aspiring 99% -- there will never be enough demand to create jobs.
The solution then is spending on infrstructure and other measures that lead to, or retain, good paying US jobs. Plus we need a new National vision for "Made in America."
This is just math and damn good common sense.
Note-- So if not "Job Creators," just what are employers? Simple. They are Job Fillers and Killers, depending on demand and incentives. And let's not forget, the cost of each employee is FULLY deductable so what's this about tax rates and jobs? In fact, the higher the rate the more attractive it is to spend on growth -- not the other way around.
The role of the collective is to ensure that the right incentives are in place.
Reader Comments (1)
i have very vast land located in the eastern part of ghana for sale or lease. i will be glad if i get help here on this site
thank you