Without a healthy middle class the rich simply cannot get richer. The real job creators are the consumers and it is in everyone’s best interests to tax the rich to provide infrastructure and job support that will enable the middle class to be healthy and keep buying goods from the rich. The real tax breaks should go to the consumer if the rich want to keep getting richer.
Venture capitalist Nick Hanauer dispels the myth that taxing the rich destroys jobs. Hanauer is co-author of The True Patriot
Don’t pay your tax, Don’t keep your liberty
That’s quite a leap from talking tax equity to lost liberty, den
Wow, what an equation. Consumption, is the job creator. “Tax the rich to make investments that benefits all” Tax the rich to make investments. that is the best thing we could do for the middle class, the poor, and the rich.
I bet that next, he says, then the best we can do for “all” is also to have a consumption tax.
Lets reduce this to a formula:
Tax the Rich + make investments = growth of middle Class.
Beneficiaries: Middle class, poor, the rich. Wow, what a solution for them rich, Oh, and them poor.
Much of this is in place right now. What TED, does not describe is who will be making the investments with the rich’s tax dollars that are invested in the poor and middle class.
Government! Redistribute that wealth, socialism.
I guess TED, who once lived in the greatest capitalist system the world has seen, wants to change it, to a failed system.
He wants to take our liberties away.
Jon B, Did you watch the video? The middle class is not disappearing because of Robin Hood taxes. The middle class is disappearing because the wealthy classes are sucking up its wealth. The rich are stealing from the middle — and the poor, if they’ve got anything (credit, anyone?).
US workers are already the world’s most productive. Look it up. Our strong unions built our middle class — with blood mostly. It’s hard to keep it going when you are competing against a $2/day wage. What would Henry Ford do?
Interesting example of VW — one of the most highly unionized, high wage companies in Europe. What do they have that we don’t have? The CEO/worker wage ratio there is about 50 to 1. Here it is 500 to 1. Do the math.
And watch the video.
Hanauer has it exactly right. This is not news. What he has been saying has been self-evident since 1929 for anyone with eyes to see.
What’s stunning is, for him to say it IS news. Or even more, that his TED talk would be pulled from distribution. Don’t let the rabble know that emperor has no clothes. That’s very bad for the emperor.
Rampant anything is bad including deregulation and yes Ford was smart enough to pay his workers enough that they could afford to buy the cars they built. Then greed got in the way, like GM which preferred to instead offer low interest fee laden loans to its workers and discovered that it made more with GMAC than from building cars … well, for awhile anyway, until the bottom fell out.
What Jon Barton is really saying here is, WE WANT MORE PROFIT.
Corporate America has never been fatter, but it’s still not enough. With a lot of words, Jon is saying, we need US workers to work longer hours, for less money, in dangerous conditions, with no health care, in order for those corporations to make even higher profits than they are today.
Right Jon?
Henry Ford figured this out over a century ago. He paid his people well and he designed and built cars that were affordable to his workers thereby stimulating a market previously included only the rich. Volkwagen in Germany reached the same conclusing a decade or two later.
The middle class in American evaporating before our very eyes. Robin Hood taxes, stealing from the rich to give to the poor, is not the answer, though the wealthy should pay their fair share. Neither is militant unionism which can lead to featherbedding and wages so high that we lose our competitive place in the world economy nor, in the long, run protective tariffrs that sifle world trade..
The answer lies in productivity. We need government policies that encourage continually increasing productivity. Workers and management must learn to understand the long term consequences of their policies and actions and politicians need to refrain from inciting discontent between them.