A TED Talk on Income Inequality by Nick Hanauer

Further Discussion @ http://www.politicalyak.com/f13/nick-...

A talk on Income Inequality and the differences in taxation given by Nick Hanauer at a TED conference.
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• Category

  News & Politics

[Jason J]

What happens when the rich take all of the money (given how insanely rich they have gotten over the last 30 years, thats not unlikely). Are those rich people going to come down and buy your products from your shop? Are they gonna willingly pay for the roads in front of your shop to be repaired? Their Swiss bank accounts say otherwise. They want it for themselves, its just basic human greed and people like you are simple minded to see it.

[deuteriumjones]

So the money he doesn't spend on pants he just sets on fire? Buries it in the back yard? There is no such thing as an all consumer economy! New ideas need access to capital to get started! Money that this guy, no doubt, is lending out in his growth and income bond and mutual funds. He just wants to feel good about his money. So he put together this little apology.

[57worldwide]

And then they offered money to the guy that they ended up hiring. You know, because not hiring someone that can increase profits in a similar way that their first choice would have, would be not adding an asset to the business to make up for not adding an asset to the business.

You're misrepresenting reality -- they only hire him if they need him, and don't hire him TO create jobs. Job creation comes from growing the business, which needs people to buy the product first.

[EGarrett01]

I'm helping YOU understand something, you fucking dumb shithead.

Now that you've acknowledged that both employees are NOT equal, do you now realize that that means that the company offered more to the first person because they WANTED him?

[57worldwide]

How the FUCK can paying more for person that would be a bigger asset mean they are both equal?

Are you retarded?

[EGarrett01]

No no no. They are not EQUAL. They wanted the FIRST guy more than the second. Yes or no?

[57worldwide]

They want the second guy as well (which is why he gets hired if they can't get the first guy), but the first guy is a bigger asset, hence paying more to get them working for you, as that is also preventing him from being the bigger asset for your competition (ie, reducing their ability to compete with you).

Just like the SWAT team isn't going to stop buying guns just because they can't afford to pay for everyone to get the most accurate, reliable, easily serviced guns. You fuckwit.

[EGarrett01]

So they WANT that guy they attempted to hire more than the second guy?

[57worldwide]

That's fucking retarded. Why do specialist armed police forces (eg, SWAT) spend more money on more reliable guns that shoot bullets faster, if they just need a gun? Anything to do with the fact that the guns they buy are going to perform certain things, which means one gun is favoured over another?

[EGarrett01]

I see, if they can hire someone who will be a similar asset, why are they bidding on the first guy?

[57worldwide]

They hire someone that will be a similar asset for their company.

Do you know what asset means?