Happy New Year, everyone. If you go out tonight, have a designated driver.
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We’ve had it backward for the last 30 years. Rich businesspeople like me don’t create jobs. Middle-class consumers do, and when they thrive, U.S. businesses grow and profit. That’s why taxing the rich to pay for investments that benefit all is a great deal for both the middle class and the rich.Venture capitalist Nick Hanauer, who also said "An ordinary middle-class consumer is far more of a job creator than I ever have been or ever will be."
So let’s give a break to the true job creators. Let’s tax the rich like we once did and use that money to spur growth by putting purchasing power back in the hands of the middle class. And let’s remember that capitalists without customers are out of business.