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

[Sergey WontTell]

wasnt this talk banned form TED for being "too political" ?

[BeckMutations2]

Rich man's trick: buy a $1000 painting. Wait a year until you have a high taxation year like 39%. Pay an 'appraiser' $500 to provide you with a statement that it's now worth $20000. You donate it to a tax free foundation. Your cost $1000 + $500 + about $25 of lost interest on the money = $1525. You tax deduct $20000 and effectively get 40% back = $8000, return of about $6500 on a $1500 expense at TAXPAYER'S EXPENSE. SO WHO ARE THE MONEY_GRUBBING A-holes? Explain it to me, please

[Charlie Bruno]

This fool leaves out govt interference and bad govt policy.

[John Anderson]

Read through a few of the comments. It's painfully obvious that most of you have never run a small business. I am a job creator. Here's a great example of a job creator. The Pet Rock. Anyone can get a rock and paint eyes on it. But one man was able to create a multi million dollar business out of it. How? He created (there's that word again) demand for his product. Do you think that all the advertising he did to create demand was free? No, it took money to create demand to create jobs.

[GreenPartyNow]

What subsidies/bailouts were in the "public's best interest"? Oil subsidies- to the MOST PROFITABLE companies EVER? Farm subsidies that encourage corporate-control (and now legal protection)? Massive banks that refuse to lend money to the public? Or maybe walmart subsidies that encourage store development- at the taxpayers expense (i.e. employees encouraged to go on Medicaid and food stamps- all while receiving LOCAL money to build in the first place)? Government subsidizes the rich.

[GreenPartyNow]

So, from your comment, I'm betting that you believe the "job creator" myth? How do you start out your business plan? A search for those who can BUY your product, I'm guessing, would be a start. I don't know any "businessman" who'd open up when not enough customers exist to BUY the product, thereby spurring demand. With the destruction of our middle class and transfer of wealth to the top- who'll be around to BUY the products that make the rich, richer?

[GreenPartyNow]

You "don't understand" who's handing over money to the rich? Do you NOT watch the news? Know our government's tax policy? There was a story published not too long ago on how the super-rich had been (and still are) hiding money offshore (originally thought to be roughly a trillion dollars or so- now it's known that it's most likely $21 TRILLION at least. Tax policy favors the rich, that's no secret. Income inequality keeps growing- year after year. Is that NOT a transfer of wealth?

[Eternus Via]

Yes, it is quite effective in that he's "arguing against himself." Yet, the end does not justify the means, and I stand with the whole of the American tradition.

Perhaps you should "think about" your forefathers (assuming you're american) who revolted over a petty tea tax, not the raging, imperialistic welfare that we see today.

[Eternus Via]

Alright, let's find a way to make it harder for money-grabbing aholes to do things like that, rather than punish the honest, hard-working people who have attained their wealth through the free market.

[membear]

It's true that a company will not hire people while it's profiting, but only when they need to service more customers. Except for the super greedy corporations like Walmart. They won't hire people to stock the shelves at night, so rest assured something you want to buy will be out of stock. Walmart is an example of corporate greed run amok, They tell people to get Medicaid and foodstamps instead of giving them a living wage or a full time job. Sam Waltom must be spinning in his grave

[Eternus Via]

If you read my comment, I did not advocate allowing the rich to slip by with lower tax rates than middle class, or lower class, citizens. I said there should certainly be a fair, even rate. The fear that comes to my mind is that the public desire is to tax the rich beyond what constitutes fairness. E.g., taxing everyone else at 20% and the top #1s at 50%.