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Re: Banned TED Talk: Nick Hanauer "Rich people don't create jobs"
spoken like a true master of selectivity
an online business is a different proposition from traditional businesses. i'm sure you know that. for brick and mortars, i don't expect to see LVMH opening in East Timor anytime soon.
singapore's hub/regional hq approach might work for us, but there can only be 1 hub per region.
so generally speaking, Rich people don't create ALL jobs, and Rich Consumers do create MORE jobs.
Ignore his charts. It is possible to selectively choose data to show anything you want to support your cause.
Take Sweden as an example.. it now has one of the highest youth unemployment rates in Europe at 24.2%.
spoken like a true master of selectivity

I run an on line business and because of the low company tax rate compared to NZ, I prefer to locate the physical aspects of the on line business in Singapore so I can declare my profits there. I hire 4 people in Singapore and ZERO in NZ because Singapore has a far more favorable tax structure. NZ has an unemployment rate of 6.7%. Singapore's rate is a third of that.
This has nothing to do with being left wing or right wing. It's all about taxation and accounting and the innate desire of any business owner to get the best bang for his buck.
an online business is a different proposition from traditional businesses. i'm sure you know that. for brick and mortars, i don't expect to see LVMH opening in East Timor anytime soon.
singapore's hub/regional hq approach might work for us, but there can only be 1 hub per region.
so generally speaking, Rich people don't create ALL jobs, and Rich Consumers do create MORE jobs.