Rich venture capitalist Nick Hanauer sounds off (again) on why his taxes need to be raised
But Hanauer, a co-founder of Second Avenue Partners, says the real job creators are middle class consumers who have enough money to buy more things. He writes in the editorial:
When businesspeople take credit for creating jobs, it is like squirrels taking credit for creating evolution. In fact, its the other way around.
It is unquestionably true that without entrepreneurs and investors, you cant have a dynamic and growing capitalist economy. But its equally true that without consumers, you cant have entrepreneurs and investors. And the more we have happy customers with lots of disposable income, the better our businesses will do.
Thats why our current policies are so upside down. When the American middle class defends a tax system in which the lions share of benefits accrues to the richest, all in the name of job creation, all that happens is that the rich get richer.
Rich venture capitalist Nick Hanauer sounds off (again) on why his taxes need to be raised - GeekWire
But Hanauer, a co-founder of Second Avenue Partners, says the real job creators are middle class consumers who have enough money to buy more things. He writes in the editorial:
When businesspeople take credit for creating jobs, it is like squirrels taking credit for creating evolution. In fact, its the other way around.
It is unquestionably true that without entrepreneurs and investors, you cant have a dynamic and growing capitalist economy. But its equally true that without consumers, you cant have entrepreneurs and investors. And the more we have happy customers with lots of disposable income, the better our businesses will do.
Thats why our current policies are so upside down. When the American middle class defends a tax system in which the lions share of benefits accrues to the richest, all in the name of job creation, all that happens is that the rich get richer.
Rich venture capitalist Nick Hanauer sounds off (again) on why his taxes need to be raised - GeekWire