MILLIONAIRE INVESTOR: "If the Rich Were Job Creators, We'd be Drowning in Jobs Today."

[kpete]

Nick Hanauer is a very rich, wildly successful business man. His company, aQuantive, was purchased by Microsoft in 2007 for $6.4 billion. He founded gear.com, which merged with Overstock.com, and he was one of the first investors in Amazon.com in the 1990s.

Look, corporate profits are at a 50-year high, while unemployment is also at a 50-year high. If it was true that the rich and business were the job creators, we'd be drowning in jobs today.

Here's an incredible fact: if you took corporate profits from the high that they are now and dropped them to a "normal" rate, you would cut loose about $750 billion. If you spread that $750 billion among 100,000,000 middle-income workers, that's $7,500 a worker.

Imagine how robust our economy would be.

MORE:
http://www.dailykos.com/story/2012/02/09/1063329/-MILLIONAIRE-INVESTOR-If-the-Rich-Were-Job-Creators-We-d-be-Drowning-in-Jobs-Today-?via=siderec

[Indydem]

1. Well that's cute.

What does $7500 per year do?

The wealth gap, the relative decline in income and the number of Americans who've fallen out of the middle class need a hell of a lot more than $7500.

Hell, Americans are carrying an average of $43,874 per man woman and child in debt.

No, we need real economic reform in America, and $7500 to the 100 million "middle class" Americans isn't going to be enough.

[closeupready]

2. "What does $7500 per year do?" Well for six months, it provides a living for a large number of Amer

Americans. K&R

[ProfessorGAC]

3. Might Want To Reconsider That

You don't think another $625 per household per monht would be a boon to the vast majority of those workers? Really?
GAC

[bahrbearian]

4. I think your confusing National Debt with Personal Debt

[CJCRANE]

5. It's a start.

It certainly sounds good to me.

Also don't forget the multiplier effect. When the working and middle class have more disposable income in their pockets they spend more, thus creating more jobs (to provide the extra goods and services they can now afford).

[phleshdef]

7. Where did he say that would fix the wealth gap? Where did he say thats all that needs to be done?

You are obviously just looking for something critical to say, to the point that you are inventing a point of view never expressed by the person you are criticizing.

If you don't think an extra 7500 a year wouldn't be helpful to a great many middle class families, I suggest you actually talk to some of these families that would desperately appreciate it. I have a feeling you'd find out quickly just how painfully wrong and out of touch you are.

[sarcasmo]

6. Greed creators.