Billionaire has spilled the beans on the 1%'s dirty little secret.

[kpete]

SUN MAY 20, 2012 AT 07:43 AM PDT
Billionaire has spilled the beans on the 1%'s dirty little secret.
bythinkingblueFollow

The rich are not job creators,

I AM A JOB CREATOR!

Please watch Billionaire, Nick Hanauer telling it like it is (REALITY) in this TV interview. I wonder how Fox Fake News is spinning this? Never mind, See video below.

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I once wrote a brief summary on how my family helped create jobs, for an on-line petition. I can't remember the petition but I've located the word doc that I created with my 2 cents worth:

“Congress keeps mum on how jobs can be created; they seem to be telling us with their silence that, THEY HAVE NO IDEA HOW TO CREATE JOBS. How strange is that, when my family has created jobs by repairing our infrastructure… i.e. NEW ROOF (the old one was shot and leaked) NEW SEPTIC TANK (the old one cracked and became a health hazard) NEW WATER PUMP (the old one quit working and we were without water) not to mention, washing machine, air-conditioner, hot water tank, and ALL AROUND HANDYMAN repairs. Congress can’t create jobs, but my "low income" household can, WHAT GIVES?”

MORE:
http://www.dailykos.com/story/2012/05/20/1093210/-Billionaire-has-spilled-the-beans-on-the-1-s-dirty-little-secret-

[Cleita]

1. I like how he said he could buy thirty cars but couldn't buy 30,000 cars.

He said it in a different interview than this one. I have been attempting to make this point for decades now. Of course no one listens to me. I'm glad that someone, whom people will listen to is saying it as well.

[hunter]

2. All true...

... but it's really irritating watching 13 minutes of video when I could read the same in a minute or two.

[lonestarnot]

3. K & R!

[hfojvt]

4. knr

although at this point, since the top 10% have way more income than the bottom 50% does

In 2006, the bottom 50% got 12.5% of all income (according to tax estimates)
the top 1% got 22.1%
the top 4% got 14.6%
the top 9% got 25.3%, and
the top 10% got 47.4%

clearly the top 10% can create more jobs with their HALF of the pie
than the bottom HALF can create with our 1/8th of the pie.

http://www.koch2congress.com/5.html

[gulliver]

5. Here's the book on Amazon

True self interest is mutual interest. (Society, it turns out, is an ecosystem that is healthiest when we take care of the whole.)

Society becomes how we behave. (The model of citizenship depends on contagious behavior, hence positive behavior begets positive behavior.)

We’re all better off when we’re all better off. (The economy is not an efficient machine. It’s an effective garden that need tending. Adjust the definition of wealth to society creating solutions for all.)

http://www.amazon.com/The-Gardens-Democracy-Citizenship-Government/dp/1570618232

I decided to buy it. I have always thought that liberal economic ideas are justified both on compassionate grounds and on self-interest. The Republican form of self-interest is misguided, a self-injurious selfishness.