A Visual Look at America’s Wealth Inequality
Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. – Politizane
Rich People Don’t Create Jobs, Demand of Middle Class Consumers Do – Nick Hanauer Ted Talk
A short, sweet and focused (previously banned)Ted Talk presentation by Nick Hanauer on how our current economic structure is backwards in its approach towards taxation.
Nick Hanauer – Taxing the Rich Notable Excerpts
That’s why when business people take credit for creating jobs it’s a little bit like squirrels taking credit for creating evolution. Its actually the other way around. Anyone who’s ever run a business knows that hiring more people is a course of last resort for capitalists. Its what we do if, and only if, rising consumer demand requires it.
Since 1980 the share of income for the top 1% of Americans has more than tripled while our effective tax rates have gone down by 50%. If it was true that lower taxes for the rich and more wealth for the wealthy led to job creation today we would be drowning in jobs…and yet unemployment and under-employment is at record highs.
In a capitalist economy, the true job creators are middle class consumers and taxing the rich to make investments that make the middle class grow and thrive is the single shrewdest thing we can do for the middle class, for the poor, and for the rich.