You’d expect a poor person to say:
When the rich take credit for creating jobs, they are like “squirrels taking credit for evolution.”
But, in fact, it’s out of the mouth of venture capitalist Nick Hanauer, who was an early investor in Amazon and is a rich, very rich man. In March he gave a speech at a TED University conference that lambasted income inequality in America and the widely held belief that wealthy Americans should not be taxed at a higher rate because they are great job generators.
“We’ve had it backward for the last 30 years,” says Hanauer. “Rich businesspeople like me don’t create jobs.”
According to an article in the National Journal, the speech was so controversial that the folks at TED decided not to post it on their web site. (UPDATE: Read Ted’s response to the controversy). But you can watch it on FORA.tv: