The True Job Creators Are Not Who You May Think

Finally, an honestly speaking capitalist tells it like it is: CEOs and business owners only hire people when the demand for their goods or services rises to make hiring more staff necessary. And from whom comes the demand? From you and me, when (or if!) we can afford to buy. And for this we need a fair economy with fair pay, fair taxes, and good income security.

The only reason so many of us don’t understand this absolutely true and simple logic is that we have all been brainwashed our entire lives to see the oligarchs as “job creators.” They aren’t, and they never were. They are mostly opportunists playing a very small part in job creation, actually trying to keep the number of paying jobs as low as possible and merely approving new jobs when they can’t avoid it by any means. (To be fair, occasionally some of them may have or implement a good business idea and thus contribute a bit to economic growth themselves. Not that this makes them into god-like, single-handed “job creators” though or justifies their economically harmful undertaxation.)

Here is an exceptionally honest capitalist admitting this, and concluding that taxing the rich more to help grow the middle class is actually the best way to help the economy, the middle class, and the rich:

(Note: if the video linked above gets deleted, you may search the Internet for the title: »Banned TED Talk: Nick Hanauer “Rich people don’t create jobs”«)

Please comment below.  It makes a difference.


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