The Washington Post put this article up today about Seattle-based venture capitalist Nick Hanauer gave a TED talk espousing the position that rich people don't create jobs, and TED is refusing to post it on the pretext that it's too politically controversial.
From the article:
In November, Hanauer wrote a column for Bloomberg View taking direct aim at the conventional wisdom on taxation and job creation: "I can say with confidence that rich people don’t create jobs, nor do businesses, large or small. What does lead to more employment is the feedback loop between customers and businesses. And only consumers can set in motion a virtuous cycle that allows companies to survive and thrive and business owners to hire. An ordinary middle-class consumer is far more of a job creator than I ever have been or ever will be.”
And for that reason, Hanauer said, taxes on the rich would create jobs. “It is mathematically impossible to invest enough in our economy and our country to sustain the middle class (our customers) without taxing the top 1 percent at reasonable levels again. Shifting the burden from the 99 percent to the 1 percent is the surest and best way to get our consumer-based economy rolling again.”
In March, Hanauer was asked to give a TED talk on the subject. The talk went well. “I want to put this talk out into the world!” one excited TED official told Hanauer.
But Chris Anderson, director of TED, wrote that he wouldn’t post the talk because “it would be unquestionably regarded as out and out political. We’re in the middle of an election year in the US. Your argument comes down firmly on the side of one party.”
So what do you make of it all? TED has never shied away from politically controversial issues before; why is this different?