Don’t Miss This One! The Speech TED Didn’t Want You to See…..
BPR Editor’s Note: Multi-Billionaire venture capitalist Nick Hanauer appeared at a TED conference (invitation-only for powerful and creative business and political leaders) in March, and said things that this kind of audience was not used to hearing.
“Rich people don’t create jobs,” he told the TED audience. “An ordinary middle-class consumer is far more of a job creator than a capitalist like me.” His point: if the rich–who, since 1980, have increased their wealth three times faster than the rest of us, while having their taxes cut in half– haven’t been creating jobs, then clearly that “rich job-creators” theory is bogus. If we want the economy to grow, the answer is obvious: tax the wealthy.
TED officials initially told Hanauer they would post the talk online, as they do most other speeches. But then they changed their minds, calling his remarks about income inequality too “political.” While not aired on the TED website, they finally released Hanauer’s talk this week, and it has quickly has gone viral.
Time Business article “Was Nick Hanauer’s TED Talk on Income Inequality Too Rich for Rich People?”