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Forum Post: Are the wealthy 1% the Job Creators?

Posted 2 years ago on May 19, 2012, 9:23 a.m. EST by jph (2652)
This content is user submitted and not an official statement

Nick Hanauer shows how the myth of the "1% Job Creators" is clearly nothing but bogus spin!


"Republicans have been saying that taxing the wealthy only hurts the job creators. Billionaire Nick Hanauer says he's not a job creator and makes the case for raising taxes on the rich, in order to boost the buying power of middle class consumers. He talks with Ed Schultz about changing our thinking about taxing the rich."



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[-] 2 points by beautifulworld (21343) 2 years ago

Demand creates jobs, not tax cuts to the wealthy.

[-] 2 points by jph (2652) 2 years ago

exactly,. demand and a population of people with the resources to realize their demands,. i.e. cash to spend into the economy! This is why I think some scheme like a minimum income for all people, with a top tax rate for anything over 500k of 90% would go a long way in reducing the inequity we are experiencing, and bring about a more stable economic structure,. money does not go into the economy, unless and until, it is in the hands of the people.

[-] 1 points by beautifulworld (21343) 2 years ago

Absolutely. This is not really difficult or complicated stuff. We need an economy that works for all people, not just the wealthy and corporations. People over profits.

[-] 1 points by gibsone76m (298) from Washington, NJ 2 years ago

No, and if this doesn't prove it idk what does...


[-] 1 points by writerconsidered123 (344) 2 years ago

actually this brings to mind an idea I've had for awhile let's give companies a tax break if and when they actually give someone a job not a tax cut with some whimsical notion that maybe a tax cut could lead to a job NOT

[-] 1 points by myows (133) 2 years ago

They are job creators, you just have to live in India or the Phiiippines to get that job. These immoral people will outsource American jobs by the thousands to make their stock price go up a nickel. What this does to our middle class seems to be none of their concern. I'd like to know where the politicians are that are alledgedly representing us.

[-] 1 points by writerconsidered123 (344) 2 years ago

the representatives are doing their job, their representing their contributers.

[-] 1 points by jph (2652) 2 years ago

the 'representatives' are taking their cut, building nice summer homes,. getting into a secure gated community,. etc. they are not representing the people, since they work for cash, and get more from the 1%.


[-] 1 points by VQkag (930) 2 years ago

A myth, and a lie. Perpetrated to redistribute wealth from working class to wealthy. They certainly claimed they would create jobs and instead sent our jobs overseas. That is a breach of contract and we should demand and get our money back!!!