WATCH The Venture Capitalist’s Talk About Income Inequality That TED Actually Banned

Check this out, guys, Nick Hanauer did a TED Talk that was actually banned. Hanauer is a billionaire venture capitalist. He talks about how our rich people don’t create jobs and how “trickle-down economics” doesn’t work. TED didn’t want to publish it because they felt it wasn’t an “idea worth spreading.” It was deemed too controversial and “partisan.”

Image via MemeSuper

TED curator Christopher Andersen said this about it:

“The talk tapped into a really important and timely issue, but it framed the issue in a way that was explicitly partisan. And it included a number of arguments that were unconvincing, even to those of us who supported his overall stance.”

A group of people signed a petition asking to view it, so TED eventually published it on their website.

He says:

“It is astounding how significantly one idea can shape a society and its policies. Consider this one. If taxes on the rich go up, job creation will go down. This idea is an article of faith for Republicans and seldom challenged by Democrats and has shaped much of today’s economic landscape. But sometimes the ideas that we know to be true are dead wrong. For thousands of years, people were sure that earth was at the center of the universe. It’s not, and an astronomer who still believed that it was, would do some lousy astronomy.  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.” 

Featured image via YouTube screenshot.

Facebook Comments