Friday, May 25, 2012

Scott Walker's Significant Job Losses Explained

In a recent TED talk, Nick Hanauer, a serial entrepreneur and member of the 1%, explained why Wisconsin has such a significant job loss since Scott Walker implemented his policies (33,900 jobs lost) and why we need to appropriately tax the rich again.

The rich are not "job creators," because they create jobs only as a last resort with gritted teeth when customer demand requires it. No entrepreneur starts a business because they want to create jobs. It's their customers that create jobs. Without a strong customer base, no business will create jobs, and that's the problem we have here in Wisconsin. Hanauer says that calling people like him job creators is "disingenuous." We're the real job creators.

By reducing the amount of middle class jobs like teachers and janitors, and reducing the pay of those who have jobs, Walker has single-handedly reduced the customer base of Wisconsin businesses. Businesses in Wisconsin aren't growing, because their revenue doesn't support it. Some big companies are doing well in Wisconsin, e.g., GE, but most businesses are growing slowly if at all, and businesses continue to close all over Wisconsin. A big and popular restaurant just outside of Green Bay, River's Bend, closed last week.

Hanauer says the fix to our economy is to appropriately fund government services with a fair tax that receives more investment from the rich, e.g. the Reagan Rule.

Hanauer doesn't say this because he's generous, but he said "ultimately these things are good for me," because his businesses grow when we have more money to spend on their products and services. Although some of Hanauer's logic is flawed, or his explanation lacking, his main point is right on.

The rich clearly don't need more money, with the millions they can donate to Walker and use for billboards and TV ads all over Wisconsin. They need to support the state that supports them. It's time we get a governor who will stand up to the rich like Diane Hendricks.

Vote for your economic interests and your neighbors'. Vote Tom Barrett. Early voting has already begun.

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