Multi-millionaire Nick Hanauer has an important
message for those who think the rich are America's job creators. Problem is, he
can't seem to get it out.
“For thousands of years people were sure that earth
was at the center of the universe. It's not, and an astronomer who still
believed that it was, would do some lousy astronomy,” Hanauer said at a March 1
speech, according to the Atlantic. “In the same way, a policy maker who
believed that the rich and businesses are 'job creators' and therefore should
not be taxed, would make equally bad policy.”
(Read the entire speech at The Atlantic)
Hanauer, one of the first nonfamily investors in
Amazon.com, shared this argument as part of a talk he gave at the TED
University conference. Now, the organizers of TED -- a movement aimed at
bringing attention to “ideas worth spreading” -- is refusing to share Hanauer's
talk on the internet, calling it too “political,” according to the National
Journal.
Chris Anderson, the curator
of TED, wrote in a post on his website responding to the allegations
that the organization is inundated with requests to post talks on its homepage
and only features those that are “truly special.” Anderson also claimed that
once Hanauer found out the site would't be posting his talk, he hired a public
relations firm to promote the talk to progressive organizations like
MoveOn.org. Anderson also released a video of Hanauer's talk, providing a link
to it in his post.
“The talk tapped into a really important and timely
issue,” Anderson wrote. “But it framed the issue in a way that was explicitly
partisan. And it included a number of arguments that were unconvincing, even to
those of us who supported his overall stance.”
In his talk, Hanauer argued that the rich, people
like him in other words, aren't responsible for the bulk of America’s job
creation and therefore shouldn’t receive tax breaks to help them create jobs.
Instead, he noted that middle-class consumers are more likely to create jobs by
spending and spurring businesses to hire. Brandishing a chart comparing
millionaires’ effective tax rates to the unemployment rate over time, Hanauer
noted that a drop in the tax rates of the super rich hasn't meant a drop in the
unemployment rate (h/t Business Insider).
“If it were true that lower tax rates and more wealth
for the wealthy would lead to more job creation, then today we would be
drowning in jobs,” he said in the talk, according to the Atlantic. “And yet
unemployment and under-employment is at record highs.”
It may seem odd that TED won't distribute Hanauer's
talk just because it evokes political tropes, especially since the TED website
features talks from actual politicians, including British Prime Minister David
Cameron and former Vice President Al Gore.
In addition, Hanauer's remarks shouldn't have been
too much of a shock to TED organizers, considering that he's been an outspoken
critic of the notion that lowering taxes on the rich will help create jobs. In
December, Hanauer penned an op-ed for Bloomberg, which included many of the
same arguments featured in his TED talk. It even used some of the exact same
language.
UPDATE: This story has been updated to include
comments from Chris Anderson, TED's curator and a video of the talk.
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