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Why was millionaire investor Nick Hanauer’s 2012 TED Talk held back from the public?

TED Founder Chris Anderson said that it was “explicitly partisan.” Others think that Hanauer’s attack on the big lie “If taxes on the rich go up, job creation will go down” was so clear and devastating that TED didn’t think it was an “idea worth spreading.”

There’s no doubt that income inequality is the economic issue of our time.

This chart from the Congressional Budget Office became famous during the Occupy Wall Street movement for demonstrating how much wealth has been transferred to the richest Americans since 1979:
CBO inequality after-tax income

“In 2010, the first year of economic recovery after the 2009-2010 recession, 93 percent of all pre-tax income gains went to the top 1 percent, which in that year meant any household making more than about $358,000,” according to Timothy Noah.

A recent Brookings study shows that this inequality may be permanent and our progressive tax system has done little to improve the situation.

So watch the speech (above), read the transcript and decide for yourself why TED didn’t want you to see it.

 

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Jeff Danziger lives in New York City. He is represented by CWS Syndicate and the Washington Post Writers Group. He is the recipient of the Herblock Prize and the Thomas Nast (Landau) Prize. He served in the US Army in Vietnam and was awarded the Bronze Star and the Air Medal. He has published eleven books of cartoons and one novel. Visit him at DanzigerCartoons.

The late Sen. John McCain

I don't know Kyrsten Sinema, but I did know John McCain. Not at all intimately, to be sure, but just enough to say -- despite her pretensions and the fantasies of her flacks that she is the reincarnation of the war hero in a purple wig -- that Kyrsten Sinema is no John McCain.

Lately Sinema has advertised herself as a "maverick," by which she means that she flouts the positions and policies of her party's leadership, and is supposed to pair her with McCain, who sometimes strayed from the Republican party line. Her most notorious attempt at imitation occurred last year with a gesture on the Senate floor marking her vote against a minimum wage increase. Her coy mimicry of the admired war hero was synthetic, leaving an unpleasant odor in its wake. When McCain delivered his bold "thumbs down" on gutting Obamacare, he was protecting Arizona's working families – not betraying them.

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