About Nick Hanauer's TED Talk Billionaire entrepreneur Nick Hanauer says that today's inequality results from decades of bad economic theory. And we try to steer clear of talks that are bound to descend into the same dismal partisan head-butting people can find every day elsewhere in the media. Anderson opened by stating that “TED was subject to a story so misleading it would be funny… except it successfully launched an aggressive online campaign against us.” He described an ensuing “firestorm of outrage” on sites including Reddit and Huffington Post, wherein TED was “accused of being cowards … in the pay of our corporate partners … [and] the despicable puppets of the Republican party.”. Hanauer, one of the first nonfamily investors in Amazon.com, shared this argument as part of a talk he gave at the TED University conference. You can’t find that speech online. In addition, Hanauer's remarks shouldn't have been too much of a shock to TED organizers, considering that he's been an outspoken critic of the notion that lowering taxes on the rich will help create jobs. About Nick Hanauer's TED Talk Billionaire entrepreneur Nick Hanauer says that today's inequality results from decades of bad economic theory. This is about the speech of Nick Hanauer, apparently a Seattle venture capitalist. The language of this sensational claim makes me suspicious, as does the unlikelihood of the claim. The transition periods between presidential administrations are known to be sensitive. However, Anderson’s claims (that TED curators are tasked with promoting only the most impactful clips) weren’t implausible or suggestive of a coverup. So the true dividend tax rate is more like 44% in the US. But in 2015, many social media users continued to assert Hanauer’s talk was banned: Banned TED Talk: Nick Hanauer – Rich People Don’t Create Jobs (VIDEO) #news http://t.co/wmlAmaIZ48, — Hannah Kennison (@HannahKennison1) July 6, 2015, Nick Hanauer on His Banned TED Talk & Why the Middle Class are the Job Creators http://t.co/KKQOqIK5PQ, — Jonathan Goodman (@GoodmanJonathan) July 20, 2015, if you are interested in #economics, then it is worth listening But it is a discussion of labour supply and marginal tax rates, not a discussion of job creation. If it were banned, you wouldn't be seeing this message ... Reports that a group of Saudi scientists had made an unusual declaration about the biological classification of women originated as satire. They are taxes on the return to capital. Vague insinuations that … Go deeper into fascinating topics with original video series from TED. Anderson’s account of the decision not to release Hanauer’s talk differed dramatically from the circulating rumors: At TED this year, an attendee pitched a 3-minute audience talk on inequality. 100+ collections of TED Talks, for curious minds. Menu. Even our team at Snopes can’t prove if people have gone back in time. On 16 May 2012, National Journal published an article contending that TED’s organizers had quashed the groundbreaking talk because its content was simply too controversial to release, an odd assertion considering the 2011 emergence of a well-known (and widely reported upon) protest movement known as Occupy Wall Street): TED organizers invited a multimillionaire Seattle venture capitalist named Nick Hanauer — the first nonfamily investor in Amazon.com — to give a speech on March 1 at their TED University conference. We again declined and this time I wrote him and tried gently to explain in detail why I thought his talk was flawed. "If it were true that lower tax rates and more wealth for the wealthy would lead to more job creation, then today we would be drowning in jobs," he said in the talk, according to the Atlantic. translators. Environmental scientist Angel Hsu teamed up with experts at several climate research institutes on a fascinating new report about the potential effects of local action in reducing greenhouse gas emissions globally. Much of the rumor regarding Nick Hanauer’s purportedly banned TED Talk segment hinged upon the differing assertions made by TED and Nick Hanauer at the time of the controversy in 2012. I buy a few pairs of pants and a few shirts a year, just like most American men. Which is why, if we'd like to create jobs we'd really rather like to have lower tax rates on those returns to capital. FACT CHECK:   Was Nick Hanauer’s 2012 TED Talk about income inequality banned because it was “too politically controversial” to release? I can't buy enough of anything to make up for the fact that millions of unemployed and underemployed Americans can't buy any new clothes or cars or enjoy any meals out. Forbes managing editor Bruce Upbin noted that a chart featured in Play Is Helping Them Heal. And it included a number of arguments that were unconvincing, even to those of us who supported his overall stance.". Their slogan is “ideas worth spreading.” But the folks at TED – the Technology … In late May 2012 a contributor to TED’s forums specifically asked why Hanauer’s talk had been “banned,” prompting a lengthy discussion during the course of which individuals affiliated with TED linked to a statement issued by TED curator Chris Anderson on why Hanauer’s talk had not been promoted. .....In the same way, a policy maker who believed that the rich and businesses are "job creators" and therefore should not be taxed, would make equally bad policy. Check out the slides from Hanauer's talk below: Get the top stories emailed every day. You may opt-out by. Indeed, you can find huge swathes of the economics literature (for example, Sir John Mirrlees who got his Nobel in this field) insisting that for this very reason the correct tax rate on the returns to capital is zero. He did not react well. In the second part Hanauer seems to be complaining that as his consumption doesn't make up for the fall in other peoples' consumption there is something wrong with the system. At no point during the immediate controversy did TED appear to deny the existence of the video, remove it from the Internet, interfere with its distribution, or otherwise thwart the ideas advocated by Hanauer from spreading. Open Translation Project. It even used some of the exact same language. The group simply chose initially not to promote the clip (as they do for a large number of TED Talks) in favor of other content selected by their curators. TED officials told Hanauer initially they were eager to distribute it. His opinion pieces have been featured in the New York Times, Bloomberg Business Week, The Atlantic and Democracy Journal, among others. Does local action make a difference when fighting climate change? Since the time of the initial debate over whether or why the TED talk was “banned,” the clip has been distributed both by TED and other outlets and widely viewed by a large online audience. Is it true? "The talk tapped into a really important and timely issue," Anderson wrote. Yes, sure, this just brings us the shouting match about what is "too high" and what a lovely shouting match that is. See the speech, read the outrage at the National Journal, see what TED said about said speech ("we didn't post it because it's not very good" seems to be the line). What is the source of the rumour? Merriam-Webster's definition of "monolith" is a "single great stone often in the form of an obelisk or column.". “Rich businesspeople like me don’t create jobs. Anderson also released a video of Hanauer's talk, providing a link to it in his post.

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