We have all heard, and in an election year will continue to hear, much about developing a tax policy that benefits the "job creators". In this 6 minute video, Nick Hanauer argues that consumers, not wealthy company owners and shareholders, are the real "job creators".
This provocative myth-buster video is well worth your 6 minute time investment. If you've already seen it, it's worth looking at again.
It's a great message anytime, but is especially important in an election year with the economy and tax policy being such prominent issues at the local, state and national levels.
Click Here to Watch the Video
Who is Nick Hanauer? He's one of the wealthiest entrepreneurs and unapologetic capitalists in America. He is also a Washington State resident. His Wikipedia biography is below.
Nick Hanaueris an Americanentrepreneurand venture capitalist living in Seattle, Washington.
After earning his Philosophy degree from the University of Washington, Hanauer got his business start at the family-owned Pacific Coast Feather Company, where he continues to serve as Co-chair and CEO. In the 1980s he co-founded Museum Quality Framing Company, which has become a large West-Coast franchise.
In the 1990s, Hanauer was one of the first investors in Amazon.com (where he served as adviser to the board until 2000). He founded gear.com(which eventually merged with Overstock.com) and Avenue A Media (which in 2007, under the new name aQuantive, was acquired by Microsoft for $6.4 billion).
In 2000, Hanauer co-formed the Seattle-based venture capital company, Second Avenue Partners. The company advises and funds early stage companies such as HouseValues, Qliance,and Newsvine.
Hanauer is co-founder of The True Patriot Network, a political action tank framed upon the ideas he and Eric Liupresented in their 2007 book, The True Patriot.
Hanauer is active in the Seattlecommunity and Washington’s public education system. He co-founded the League of Education Voters(LEV), a non-partisan political organization dedicated to improving the quality of public education in Washington. He also serves on the boards of Cascade Land Conservancy, The University of WashingtonFoundation, The University of Arizona's Mount Lemmon Science Centerand the Biosphere2climate research project.