Nick Hanauer is a billioniare American. After earning his philosophy degree from the University of Washington, Hanauer got his business start at the family-owned Pacific Coast Feather Company, where he continues to serve as co-chair and CEO.[2] In the 1980s he co-founded Museum Quality Framing Company, a large West Coast franchise.[3]
In the 1990s Hanauer was an early investor in Amazon.com (where he served as adviser to the board until 2000). He founded gear.com (which eventually merged with Overstock.com) and Avenue A Media (which in 2007, under the new name aQuantive, was acquired by Microsoft for $6.4 billion).[4]
In 2000, Hanauer co-formed the Seattle-based venture capital company, Second Avenue Partners. The company advises and funds early stage companies such as HouseValues,[5] Qliance,[6] and Newsvine.
Here's what he says about the Trump Tax Plan.
The Republican tax plan is a scam—a massive and destructive financial giveaway masquerading as pro-growth tax reform. Which is why our first response must be to demand not one penny of tax cuts for big corporations and rich guys like me. In fact, if I were Benevolent Dictator, I would substantially raise taxes on myself and my wealthy friends. Why? It is the only way to sustainably grow the economy, boost productivity, increase business opportunities, and create more and better jobs.
Now, I know what you’re thinking: That’s crazy talk! For decades, rich guys like me have been selling you tax cuts on the merits of pure economic stimulus. The rich are “job creators,” we’ve told you. The more money and incentives we wealthy few have to invest in creating jobs, the better the economy is for everybody—especially you.
That’s a lie.
There is is simply no empirical evidence nor plausible economic mechanism to support the claim that cutting top tax rates spurs economic growth. When President Bill Clinton hiked taxes, the economy boomed. When President George W. Bush slashed taxes, the economy ultimately collapsed. It wasn’t until after most of the Bush tax cuts expired during the Obama administration that the post-Great Recession recovery started to pick up steam—an ongoing recovery that, as uneven as it has been, has grown into one of the longest economic expansions in U.S. history
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There's more ...
http://www.politico.com/magazine/story/ ... omy-215696I really like the part where he refers to "empirical evidence..."
Its something I wonder if you have when you say ...
Ray
We are saying that many employers will go out of business or not be able to hire them. It's not a big deal for me. It's a big deal for the employer.
Raising the minimum wage is always a boost to the consumer economy.
The great lie that businesses can't exist by paying a living wage is not supoorted by any empirical data anywhere. Its just an oft repeated myth.
And I wonder, gentlemen, why any business that can't exist unless it pays its employees a less than living wage ... should exist. ?
What kind of business model is that?? and why should it be supported?
The people that work for less than a living wage end up costing society and tax payers because its from this working poverty that most crime comes...it this working poverty from which public health problems occur and which ultimately cost the tax payer as these people eventually end up in emergency wars...
Need we go back and cut and paste the stories of Wal-Mart workers on food stamps?
Walmart Workers Cost Taxpayers $6.2 Billion In Public Assistanc
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https://www.forbes.com/sites/clareoconn ... b4d059720b