{"id":6441,"date":"2011-12-04T00:02:54","date_gmt":"2011-12-04T08:02:54","guid":{"rendered":"http:\/\/www.politicsplus.org\/blog\/2011\/12\/04\/billionaire-raise-my-taxes\/"},"modified":"2011-12-04T00:02:54","modified_gmt":"2011-12-04T08:02:54","slug":"billionaire-raise-my-taxes","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2011\/12\/04\/billionaire-raise-my-taxes\/","title":{"rendered":"Billionaire: Raise My Taxes!"},"content":{"rendered":"

I know we often talk about the 99% and the 1%, but it\u2019s not actually so cut and dried.  Many of the 99% goose-step with the 1%.  Faux Noise<\/em> sheeple are the operative example there.  And a few of the 1% support the 99% in our goal to make our society responsive to the needs of all, not the wants of millionaires, billionaires and corporate criminals.  One such is Nick Hanauer, a billionaire who says, \u201cRaise my taxes!\u201d<\/font><\/p>\n

\n

\"4nick-hanauer\"It seems millionaire Nick Hanauer’s recent op-ed on why we need to be taxing the rich in America has, as Steve Benen explained, \u201ccaused a stir, and with good reason.\u201d<\/font><\/p>\n

Political Animal \u2013 Raise Nick Hanauer’s Taxes<\/a><\/font>:<\/font><\/p>\n

If Hanauer\u2019s name doesn\u2019t sound familiar, he\u2019s a very successful venture capitalist, playing a role in the creation of companies like Amazon.com. This week, he took on a standard Republican talking point: the notion that job creation suffers if taxes go up on the rich. Hanauer explained very well<\/a><\/font> why the GOP\u2019s approach is backwards. <\/font><\/p>\n

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<\/strong>. <\/font><\/p>\n

That\u2019s why I can say with confidence that rich people don\u2019t 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.<\/strong><\/font><\/p>\n

It appears that Hanauer, unlike GOP policymakers, understands supply and demand, and that three decades of concentrating wealth at the top doesn\u2019t create an economic base that ensures broad prosperity. Republicans can keep lavishing more and more money on the rich, but they\u2019ll only spend so much. […]<\/font><\/p>\n

Hanauer\u2019s advice? Raise his taxes, make public investments, and get some money in the pockets of middle-class consumers. <\/font><\/p>\n

Digby\u2019s take<\/a><\/font><\/font> on this rings true: \u201cThis is a person who really doesn\u2019t want to kill the golden goose of capitalism but would like to save it<\/strong>. It doesn\u2019t speak well for the future of capitalism that there are so few entrepreneurs like him.\u201d <\/font><\/p>\n

Damn straight.<\/font><\/p>\n

Be sure to go read the entire editorial here — Raise Taxes on Rich to Reward True Job Creators: Nick Hanauer<\/a><\/font>.<\/font><\/p>\n

Hanauer was a guest on Neil Cavuto’s show on Fox Business this Wednesday and he did a great job knocking down every one of Cavuto’s arguments and straw men as Cavuto desperately tried to rebut Hanauer’s assertions on why the rich aren’t paying enough in taxes… [emphasis added<\/em>]<\/font><\/p>\n<\/blockquote>\n

Inserted from <Crooks and Liars<\/a>><\/p>\n

Here\u2019s the video.<\/font><\/p>\n

<\/param><\/embed><\/object><\/font><\/p>\n

Note how that shameless Republican propagandist, Neil Cavuto squirms in his futile attempt to hide the truth.  Faux<\/em> must have assumed that Hanauer would goose-step, because he\u2019s so rich.<\/font><\/p>\n

We need more 1 percenters like Hanauer and fewer 99 percenters like Faux Noise<\/em> sheeple!<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"

I know we often talk about the 99% and the 1%, but it\u2019s not actually so cut and dried.  Many of the 99% goose-step with the 1%.  Faux Noise sheeple are the operative example there.  And a few of the 1% support the 99% in our goal to make our society responsive to the needs […]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-6441","post","type-post","status-publish","format-standard","hentry","category-politics","category-5-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/6441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/comments?post=6441"}],"version-history":[{"count":0,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/6441\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/media?parent=6441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/categories?post=6441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/tags?post=6441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}