Nick Hanauer on inequality
Why Hacker News recommends it
Cited in debates about taxes, job creation and wealth redistribution, and for the controversy around its release.
What it is
Nick Hanauer's short TED University talk on economic inequality, which was famously not posted on TED's main site at first. He argues that rich people are not the job creators.
Recommended by 1 HN commenters across 1 different months, 2012 to 2020.
What Hacker News said
Recommends dsparkman · 2017-04 · on “Trump Wants Tax Plan to Cut Corporate Rate to 15%”
You really need to watch [this video] if you think that because corporations have to pay less in taxes that they will suddenly spend more on R&D and jobs.
Cites alecco · 2012-05 · on “TED and inequality: The real story”
Released video. [this video] "This idea is an oracle of faith for republicans and seldom challenged by democrats." Clearly against bi-partisan and not pro-democrat. Very bad move by TED. Also, the quality of many TED presentations is a joke so they can't pull that card.
Cites thaumaturgy · 2012-05 · on “TED and inequality: The real story”
I watched the video after reading TED's response, and I'm skeptical of some of their claims, but I can also see why they didn't initially choose to publish it on their site. The video is at [this video] Since it's short, I'll go over it point-by-point. 1. "It is astounding how significantly one idea can shape a society and its policies. Consider this one: if taxes on the rich go up, job creation will go down. This idea is an article of faith for Republicans, and seldom challenged by Democrats, and has indeed shaped much of the economic landscape." The first line of his talk is a bit fluffy, but I don't see anything else here that isn't objectively true. Supply-side economics and increased benefit
Cites spdy · 2016-02 · on “Bernie’s Army of Coders”
He is not radical or left when seen from an EU view and with 20 years experience on Capitol Hill he knows exactly how the game is played. So he is able to get stuff done i have no doubt about that. Two of his main agenda points are no-brainers: - Medicare for all - Tuition Free College And he is right with his assessment that the rising inequality is not a good thing for our future. Two Youtube videos: [LINK] Talk with Bernie Sanders in 2014 where he goes on what it takes to change this system. [this video] Ted Talk from a Nick Hanauer on inequality
Cites eliomattia · 2020-03 · on “Pay/receive Universal Basic Income without middlemen”
Interesting! Government(-backed) UBI is the ultimate goal. But how to make it happen? First, why has it not happened already? All the data indicate that it's good. A no-brainer, then? Well, - It's expensive - Governments vest financial power in businesses, not in themselves. End results? 1) A very oiled mechanism for income concentration, no questions asked 2) No mechanism for income distribution (!) 3) Blaming the government for not providing UBI already 4) No UBI, be it voluntary or government 5) Many people, who in fact want to contribute towards it, cannot. Why not start by creating that mechanism for income distribution, then? A quote about Sam Altman[1]: «Altman suggests researching Un