The rich don't create jobs. Customers do!

Summary of Nick Hanauer's (early Amazon investor) TED talk on inequality:

• The rich don't create jobs; customers do
• Effective tax rate for the rich is ~1/2 of middle class; should be higher
• Rich don't compensate for the lost consumption by cash-poor middle class

This is an idea worth spreading!

Here is the full talk:

Here is his second TED talk from 2014:

Main idea: Double the salary of workers, as Henry Ford did. This will create a thriving middle class, which is the engine of a sustainable and successful economy!

Something to think about!