>That's why I can say with confidence that rich people don't create jobs, nor do businesses, large or small.
This argument only considers half of the problem. Yes consumers are needed to create jobs but what is needed to create consumers? Jobs. You can't be a consumer without an income, and for the vast majority of people, you don't have an income unless you have a job.
Therefore for failing to acknowledge this fundamental, very simple and might I say, quite obvious fact, I think it's fair to say Nick Hanauer's reasoning is at best weak, and at worst disingenuous.
It makes one wonder what his motivations really are. Attention seeking contrariness? A desire to ingratiate himself with the 99%?
This argument only considers half of the problem. Yes consumers are needed to create jobs but what is needed to create consumers? Jobs. You can't be a consumer without an income, and for the vast majority of people, you don't have an income unless you have a job.
Therefore for failing to acknowledge this fundamental, very simple and might I say, quite obvious fact, I think it's fair to say Nick Hanauer's reasoning is at best weak, and at worst disingenuous.
It makes one wonder what his motivations really are. Attention seeking contrariness? A desire to ingratiate himself with the 99%?