The TRUE job creators, as told by a venture capitalist.

"Anyone who's ever run a business knows that hiring more people is a capitalists course of last resort, something we do only when increasing customer demand requires it.  In this sense, calling ourselves job creators isn't just inaccurate, it's disingenuous."

I do not understand why people are so willing to fall for the fallacy that rich people are job creators (and therefore deserve tax breaks or otherwise lower overall taxes).  Many who profess their support for capitalism, seem to willingly ignore the most basic of concepts: supply and demand, when they insist that the rich are job creators.

So then, it's refreshing to hear a rich person -- Seattle venture capitalist Nick Hanauer -- come out and explain that income inequality is very bad for our economy, and that it is not the rich who are job creators, but the middle class and poor.  But there's a back story to all this.  You see, that story from Nick Hanauer comes from a speech he delivered at TED, but it ended up getting buried, out of the fear that it would be seen as too politically charged.

Such voices can be deemed dangerous when they challenge the orthodoxy of Reagan-inspired economics.  Makes you want to read it even more, doesn't it?

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Update: Business Insider has picked up the slack and received Nick Hanauer's slides which were used in his TED presentation.  Some noteworthy slides:

Nick Hanauer slide

Nick Hanauer slide