The time TED banned a talk about the fact rich people don't create jobs

[Berniewood Hogan]

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.[13][14][15][16][17] In that short presentation he criticized 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. 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,

"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."[18][19]

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 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.[20] 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.[15]

 

[88m3]

 

[jackson35]

this is true

 

[Alpha Male]

"Businesses and the rich do not create jobs. Jobs are created by a feedback loop between customers and businesses that is set in motion by consumers increasing their demand."

who provides the service if not the business?

 

[Pressure]

who provides the service if not the business?

Apparently Not the rich.

 

[Alpha Male]

Apparently Not the rich.

who then

who is responsible for creating the most jobs and employing the most people

 

[.r.]

..

 

[Ebonomics]

who then

who is responsible for creating the most jobs and employing the most people

Who is responsible?? CONSUMER DEMAND, The STATE/FEDERAL government is probably up there as far as hiring goes, small businesses ??

I don't understand the point you were trying to make.

 

[Pressure]

who then

who is responsible for creating the most jobs and employing the most people

Consumer demand.

 

[Alpha Male]

Who is responsible?? CONSUMER DEMAND, The STATE/FEDERAL government is probably up there as far as hiring goes, small businesses ??

I don't understand the point you were trying to make.

that businesses create jobs

 

[Alpha Male]

Consumer demand.

it's the businesses providing the goods and services that creates consumer demand

there was demand for the new iPhone but steve jobs had to invent it and start apple first

 

[Pressure]

it's the businesses providing the goods and services that creates consumer demand

there was demand for the new iPhone but steve jobs had to invent it and start apple first

Business don't hire employees merely because they have extra money.

Corporations usually use their cash reserves for buybacks, dividends, or buying other businesses.

And the example you used only reiterates the point. Consumer demand.

There were already cellphones. There were already smartphones
There were already touch screens. You already had blackberry, palm, windows phone, HTC etc.

The demand existed and Apple created a product to fill it.

Business don't grow just to grow.

 

[Alpha Male]

Business don't hire employees merely because they have extra money.

Corporations usually use their cash reserves for buybacks, dividends, or buying other businesses.

And the example you used only reiterates the point. Consumer demand.

There were already cellphones. There were already smartphones
There were already touch screens. You already had blackberry, palm, windows phone, HTC etc.

The demand existed and Apple created a product to fill it.

Business don't grow just to grow.

exactly

how does it feel to self ether your own argument

 

[the kid]

it's the businesses providing the goods and services that creates consumer demand

there was demand for the new iPhone but steve jobs had to invent it and start apple first

Not correct. There us always been a demand for a better way to communicate and that is what IPhones are marketed as. Your statement disregards the underlying demand and instead focuses on the specific need. It also discounts the fact that if there was no demand for such technology iPhones wouldn’t exist.

 

[DEAD7]

So a liberal described basic supply & demand as a feed back loop, and threw in fukk letting “rich people” keep more of their money.
Not really anything groundbreaking.



The audience didn’t like it and it came off as overly partisan so they chose not to post it...
Why is this news/a thread?