One Percenter: Tax The Rich Because People Like Me Don't Create Jobs, The Middle Class DoesQuicklink submitted by Amanda Lang Permalink
Become a Fan
|Today in Bloomberg Businessweek, Nick Hanauer, a sucessful venture capitalist who has helped launch more than 20 companies, including Amazon.com, writes an op-ed that demolishes the myth that the rich are "job creators" and that we should never raise their taxes.
Hanauer says that government policymakers who have lowered taxes on the rich for decades "had it backward." He advocates for raising taxes on the wealthy to fund public investment and explains that "Rich businesspeople like me don't create jobs. Middle-class consumers do":
The time limit for entering new comments on this Quicklink has expired.
This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.