Keith Olbermann Prophecy 7 years ago

[bearssoapbox]

11. Could you be thinking of Nick Hanauer?

https://en.wikipedia.org/wiki/Nick_Hanauer

He essentially says that 'if people have money, they'll spend money.

"People" being 'the dirty unwashed' that should be kissing the feet of the rich for providing scraps for 'the dirty unwashed' to exist(barely) on.

Not that the "piss down" theory hasn't been working for the damned reTHUGliCONS/GOP for the past 3-4 decades at the expense of the rest of the country.

>snip<

"In May 2012, several online news outlets reported that Hanauer's March 1, 2012, TED talk on inequality had not been posted online by TED Talks.[12][13][14][15] In that short presentation he critiqued what he called "an article of faith for Republicans:" the assertion that "if taxes on the rich go up, job creation will go down." Businesses and the rich do not create jobs, he said. Jobs are created by a feedback loop between customers and businesses that is set in motion by consumers increasing their demand. Thus he proposed the necessity for higher median incomes for workers rather than tax breaks for the wealthy, stating that if lower income tax rates for the wealthy really worked "we would be drowning in jobs, and yet unemployment and underemployment is at record highs."

>snip<

As justification for not posting the talk, Chris Anderson, curator of TED, stated that he felt Hanauer's talk was "explicitly partisan" and included a number of unconvincing arguments such as his "apparent ruling out of entreprenurial initiative as a root cause of job creation." Moreover, he said, the live TED audience had given the talk mediocre reviews.[17] Huffington Post writer Jillian Berman expressed bewilderment since TED had previously issued talks by politicians such as former U.S. Vice-President Al Gore or British Prime Minister David Cameron without hesitation.[14] TED reserves the right to post only the talks it considers to be most effective. Hanauer partially defended Anderson's decision in an interview with Sam Seder, saying he could understand that the position he himself offered in his talk might be controversial to the business community and that Anderson might have received disproportionate criticism for his decision to hold back the talk.[18] The original presentation is available on YouTube."

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