Remo Uherek

Menu
  • Start here
  • Blog
    • Twitter Threads
    • Archive
  • Newsletter
  • Recommendations
    • Books
    • Tools
    • Links
  • About
    • What I’m doing now
    • Contact
Menu

Home › Blog › The rich don’t create jobs; customers do

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!

image_pdfPDF
  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Tags: Inequality, Nick Hanauer
Category: Wealth



February 16, 2018May 29, 2020 by Remo Uherek

Search

⚡  Learn & Grow

Join 1500+ subscribers to receive updates on personal growth, mental health and financial freedom:

Bonus: After signing up, you will receive my exclusive Good Life Checklist with actionable ideas on how to improve your life.

Recent Posts

  • Key Takeaways from Tesla Q4 2022 Earnings
  • My Portfolio Declined -59% in 2022. Here’s What I Learned.
  • Why You Should Die With Zero Money
  • Full Recording: Elon Musk Live on Twitter Spaces Talking Twitter Financials with George Hotz
  • Will Germany’s car industry survive? A deep dive with Tesla expert Alex Voigt

Categories

  • Health
  • Wealth
  • Love
  • Happiness

Archives

  • Archive

Newsletter

Twitter

YouTube

Podcast (Apple, Google, Spotify)

Training Programs