The Wealthy Are Not Job Creators

Entrepreneur and venture capitalist Nick Hanauer demolishes the falsehood that we shouldn’t raise taxes on the rich due to their being “job creators.” Of course, the continuance of the Bush tax cuts for the wealthy has coincided with high unemployment with rates.  Hanauer focuses on the fact that businesses don’t “create jobs”; they fill jobs in response to consumer demand. It is that demand that results in jobs and fuels the economy. Shoveling more cash at the wealthy is misguided and wasteful, he argues; raising taxes on the wealthy will benefit the true job creators, the middle class, and ultimately the rich themselves:

…I’ve never been a “job creator.” I can start a business based on a great idea, and initially hire dozens or hundreds of people. But if no one can afford to buy what I have to sell, my business will soon fail and all those jobs will evaporate.

That’s why I can say with confidence that rich people don’t create jobs, nor do businesses, large or small. What does lead to more employment is the feedback loop between customers and businesses. And only consumers can set in motion a virtuous cycle that allows companies to survive and thrive and business owners to hire. An ordinary middle-class consumer is far more of a job creator than I ever have been or ever will be.

…That’s why our current policies are so upside down. When the American middle class defends a tax system in which the lion’s share of benefits accrues to the richest, all in the name of job creation, all that happens is that the rich get richer.

… It is mathematically impossible to invest enough in our economy and our country to sustain the middle class (our customers) without taxing the top 1 percent at reasonable levels again. Shifting the burden from the 99 percent to the 1 percent is the surest and best way to get our consumer-based economy rolling again.

…We’ve had it backward for the last 30 years. Rich businesspeople like me don’t create jobs. Middle-class consumers do, and when they thrive, U.S. businesses grow and profit. That’s why taxing the rich to pay for investments that benefit all is a great deal for both the middle class and the rich.

So let’s give a break to the true job creators. Let’s tax the rich like we once did and use that money to spur growth by putting purchasing power back in the hands of the middle class. And let’s remember that capitalists without customers are out of business.

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Remember This From Michael Moore

Michael Moore said something that we should not forget about our economy.  And we should prepare to call in loans made to corporations and prosecute criminal corporatists for return of huge sums.  See the video at this link.   – – http://www.michaelmoore.com/words/mike-friends-blog/america-is-not-broke

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Plutocrats Create A Criminal Economy With Help of Congress

Best expose’ on US economics ever. Two researchers make good reading from a very serious analysis of past economic studies and history of the US ultra-wealthy that blows away arguments wrongly attributed to Founding Fathers and current economic propaganda- http://www.amazon.com/Winner-Take-All-Politics-Washington-Richer-Turned/dp/1416588698/ref=sr_1_1?ie=UTF8&s=books&qid=1299073387&sr=1-1

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Medicare Fraud Must Be Stopped!

WASHINGTON, Jan. 23, 2013 /PRNewswire-USNewswire/ — On behalf of the Partnership for Quality Home Healthcare – a coalition of home healthcare agencies dedicated to developing innovative reforms to improve the program integrity, quality, and efficiency of home healthcare for our nation’s seniors – Chairman Billy Tauzin (R-LA) and Senator John Breaux (D-LA) made the following statement:

“Last week’s indictment in Detroit is further evidence that immediate action is needed to increase national efforts to target and catch criminals who are stealing billions of taxpayer dollars and victimizing America’s seniors.  The prosecution of criminals involved in fraudulent activity is critical to protecting the Medicare program, however more must be done to stop Medicare fraud and abuse before it begins.

“Federal data can be used to identify exactly where healthcare fraud is taking place, therefore targeted reforms should be put in place that prevent criminals from entering the Medicare program, billing the government for false claims and taking advantage of vulnerable beneficiaries.

“The home health community has been leading efforts to advance reform proposals that specifically target fraud and abuse by ensuring that Medicare dollars never reach criminal hands.  The ‘Skilled Home Healthcare Integrity and Program Savings’ (SHHIPS) proposal includes provisions that would prevent overpayments before they happen by enforcing stricter entry rules and program safeguards to ensure less wasteful spending and criminal activity in the system.

“The Partnership applauds the U.S. Department of Justice (DOJ), the U.S. Department of Health and Human Services Office of the Inspector General (HHS-OIG), the Federal Bureau of Investigation (FBI), and the Internal Revenue Service (IRS) for bringing criminals to justice and looks forward to working with lawmakers to advance policy solutions to stop Medicare fraud before it ever is allowed to occur.

“Through targeted reform, we can secure seniors’ access to clinically advanced, cost effective, patient preferred home healthcare — and stop the bad actors who are preying on current weaknesses in the Medicare program.”

Senator Bernie Sanders Explains Our Economy

Independent Senator Bernie Sanders explains our current economics and taxation in an 18 minute speech. It sounds like the corporations who support Republicans want every last cent of your money thrown into the market free-for-all. – – http://www.youtube.com/watch?v=iuVlO_hVA0U

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Single Payer Health Good for Businesses!

Should the USA allow single payer medicare for all and relieve employers of the burden of providing health insurance??? Extra policies for insurance supplements, deductibles and copays as well as elective and cosmetic surgeries could still be sold by private corps! – – – http://ehbs.kff.org/

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