Skip to playerSkip to main content
Saqib Hassan HP
🎥 Welcome to the Official Dailymotion Channel of Saqib Hassan HP 🎬
Your one-stop destination for engaging, original, and high-quality content.
Dive into a world where entertainment meets information.

🔹 Who Am I?
I’m Saqib Hassan — a passionate content creator, storyteller, and digital explorer.
From trending topics to timeless stories, I bring you content that matters.

🔹 What You’ll Find Here
• Original videos curated with creativity and passion
• Thought-provoking insights and real-life moments
• Tutorials, vlogs, reactions, and lifestyle content
• Reviews, opinions, and tech updates you can trust

🎯 Why Subscribe?
Because I focus on value-driven content with a personal touch.
Every video is crafted with purpose, energy, and authenticity.

📅 Weekly Uploads
New content drops regularly — stay tuned, stay inspired.

📲 Let’s Connect
Join the conversation! Like, comment, and share your thoughts.
You are part of the journey — your support fuels the channel.

💬 Feedback Welcome
I’m always learning, always growing. Got ideas? I’d love to hear them.

🌍 Join the Community
Be a part of a growing audience that shares curiosity and creativity.

📢 Don’t forget to follow and turn on notifications!
Thanks for being here — let’s build something great together.

➡️ Subscribe Now — Saqib Hassan
Real content. Real stories. Real impact.
#dailymotion
#creator
#contentcreator #vlogger #Travel Vlogger #Travelling #FoodVlogger #dailymotion #video #film #rap #stayhome #free #facebook #netflix #twitter #twitch #motiongraphics #deezer #dlive #instagram

Category

🏖
Travel
Transcript
00:00It is astounding how significantly one idea can shape a society and its policies.
00:07Consider this one.
00:08If taxes on the rich go up, job creation will go down.
00:15This idea is an article of faith for Republicans
00:17and seldom challenged by Democrats
00:19and has indeed shaped much of the economic landscape.
00:23But sometimes the ideas that we are certain are true are dead wrong.
00:27Consider that for thousands of years,
00:30humans believed that the Earth was the center of the universe.
00:33It's not, and an astronomer who still believed that it was
00:36would do some pretty terrible astronomy.
00:39Likewise, a policymaker who believes that the rich are job creators
00:44and therefore should not be taxed will do equally terrible policy.
00:50I have started or helped start dozens of companies
00:52and initially hired lots of people.
00:56But if there was no one around who could afford to buy,
01:00what we had to sell,
01:01all those companies and all those jobs would have evaporated.
01:06That's why I can say with confidence that rich people don't create jobs,
01:10nor do businesses large or small.
01:12Jobs are a consequence of a circle of life-like feedback loop
01:16between customers and businesses.
01:19And only consumers can set in motion this virtuous cycle of increasing demand and hiring.
01:27In this sense, an ordinary consumer is more of a job creator than a capitalist like me.
01:34That's why when business people take credit for creating jobs,
01:38it's a little bit like squirrels taking credit for creating evolution.
01:42It's actually the other way around.
01:44Anyone who's ever run a business knows that hiring more people is a course of last resort for capitalists.
01:52It's what we do if and only if rising consumer demand requires it.
01:58And in this sense, calling ourselves job creators isn't just inaccurate, it's disingenuous.
02:04That's why our existing policies are so upside down.
02:07When the biggest tax exemptions and the lowest tax rates benefit the richest,
02:12all in the name of job creation,
02:14all that happens is that the rich get richer.
02:17Since 1980, the share of income for the top 1% of Americans has more than tripled,
02:23while our effective tax rates have gone down by 50%,
02:27if it was true that lower taxes for the rich and more wealth for the wealthy led to job creation,
02:33today we would be drowning in jobs.
02:42And yet, unemployment and underemployment is at record highs.
02:47Another reason that this idea is so wrongheaded
02:51is that there can never be enough super rich people to power a great economy.
02:54Somebody like me makes hundreds or thousands of times as much as the median American,
02:59but I don't buy hundreds or thousands of times as much stuff.
03:03My family owns three cars, not 3,000.
03:07I buy a few pairs of pants and shirts a year like most American men.
03:10Occasionally, we go out to eat with friends.
03:13I can't buy enough of anything to make for the fact
03:17that millions of unemployed and underemployed Americans can't buy any new cars,
03:21any clothes or enjoy any meals out.
03:24Nor can I make up for the falling consumption of the vast majority of middle-class families
03:29that are barely squeaking by, buried by spiraling costs
03:33and trapped by stagnant or declining wages.
03:36Here's an incredible fact,
03:38that if the typical American family still retained the same share of income
03:42that they did in 1970, they'd earn like $45,000 more a year.
03:47Imagine what our economy would be like if that were the case.
03:51Significant privileges have come to people like me, capitalists,
03:54for being perceived as job creators at the center of the economic universe,
03:59and the language and metaphors we use
04:01to defend the current economic and social arrangements is telling.
04:05It's a small jump from job creator to the creator.
04:10This language obviously wasn't, this language was not chosen by accident.
04:14And it's only honest to admit that when somebody like me calls themselves a job creator,
04:19we're not just describing how the economy works,
04:22but more particularly, we're making a claim on status and privileges that we deserve.
04:28Speaking of special privileges, the extraordinary differential between the 15% tax rate that capitalists pay
04:35on carried interest, dividends and capital gains,
04:39and the 35% top marginal rate on work that ordinary Americans pay,
04:44it's kind of hard to justify without a touch of deification.
04:49We've had it backwards for the last 30 years.
04:52Rich people like me don't create jobs.
04:55Jobs are a consequence of an ecosystemic feedback loop between customers and businesses.
05:02And when the middle class thrives, businesses grow and hire and owners profit.
05:09That's why taxing the rich to pay for investments that benefit all,
05:14such a fantastic deal for the middle class and the rich.
05:18So ladies and gentlemen, here's an idea worth spreading.
05:22In a capitalist economy, the true job creators are middle class consumers.
05:28And taxing the rich to make investments
05:31that make the middle class grow and thrive
05:34is the single shrewdest thing we can do for the middle class,
05:38for the poor, and for the rich.
Be the first to comment
Add your comment