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Let's stop the BS with claiming "The wealthy create jobs"!
Because they don't.
Jobs are only created by increased sales which are made by the middle class.
DEMAND & SPENDING is the only thing that creates jobs.
If you analyze who increases demand and spending, you'll find that the greatest percentage of it is created by the middle class.
Business owners do not create jobs without increased demand and sales by the middle class, so let's stop the bs with "the wealthy are the job creators".
__________________ "No one walking this earth knows what is truly righteous"
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Re: Let's stop the BS with claiming "The wealthy create jobs"!
While your 100% correct.. companies like Facebook require capital investment ( Wealthy People ) to take a risk on an idea which ends up employing thousands of people.
Yes, increasing the demand for goods and services would do the trick as well, but increasing investment in start up has the chance to create the next google, facebookbook, linkedIn, etc...
Re: Let's stop the BS with claiming "The wealthy create jobs"!
Quote:
Originally Posted by mcgraw_wv
While your 100% correct.. companies like Facebook require capital investment ( Wealthy People ) to take a risk on an idea which ends up employing thousands of people.
Yes, increasing the demand for goods and services would do the trick as well, but increasing investment in start up has the chance to create the next google, facebookbook, linkedIn, etc...
It's a balanced approach.
I agree mcgraw, but if we added up all the jobs increased demand creates vs. start ups (of which most fail), my guess is that increased demand jobs would dwarf start-up created jobs...but I could be wrong.
__________________ "No one walking this earth knows what is truly righteous"
Re: Let's stop the BS with claiming "The wealthy create jobs"!
Quote:
Originally Posted by PatriotsReign
Because they don't.
Jobs are only created by increased sales which are made by the middle class.
DEMAND & SPENDING is the only thing that creates jobs.
If you analyze who increases demand and spending, you'll find that the greatest percentage of it is created by the middle class.
Business owners do not create jobs without increased demand and sales by the middle class, so let's stop the bs with "the wealthy are the job creators".
So then...why NOT raise taxes on the upper 2% (or whatever)?
Re: Let's stop the BS with claiming "The wealthy create jobs"!
Quote:
Originally Posted by PatriotsReign
I agree mcgraw, but if we added up all the jobs increased demand creates vs. start ups (of which most fail), my guess is that increased demand jobs would dwarf start-up created jobs...but I could be wrong.
How do you plan to increase demand? That sounds like central planning to me...
Who is going to decide which products should be increased in demand? who get's to decide which products have enough demand?
Your talking about economic communism.
The reason why the focus is on investment is becuase its a 100% free market approach to growing jobs. No one but free people with money can decide which business ideas they want to focus on.
And most start ups don't fail, they just don't become HUGE successes like facebook and google, etc...
The government should not be in the business of dictating demand or supply... let the market figure it out based on what people want... not what we think is best for their needs.
Re: Let's stop the BS with claiming "The wealthy create jobs"!
Quote:
Originally Posted by mcgraw_wv
How do you plan to increase demand? That sounds like central planning to me...
Who is going to decide which products should be increased in demand? who get's to decide which products have enough demand?
Your talking about economic communism.
The reason why the focus is on investment is becuase its a 100% free market approach to growing jobs. No one but free people with money can decide which business ideas they want to focus on.
And most start ups don't fail, they just don't become HUGE successes like facebook and google, etc...
The government should not be in the business of dictating demand or supply... let the market figure it out based on what people want... not what we think is best for their needs.
I agree 100% mcgraw and have always said the economy is not the responsibility of gov't to "Fix" because it can't be fixed. It has to find it's own balance before a solid foundation is formed for prosperity.
The only way to increase demand is for "Disposalbe income" to increase. And the only way demand can/will increase is for the middle class to experience increases their total disposable income. and that means more people working.
I'm not a rocket scientist, but it sounds to me like a TON of money isn't being paid to the government, nor being used to "create Jobs" by the "Job Creators"
I'm not a rocket scientist, but it sounds to me like a TON of money isn't being paid to the government, nor being used to "create Jobs" by the "Job Creators"
Re: Let's stop the BS with claiming "The wealthy create jobs"!
Quote:
Originally Posted by PatriotsReign
Some good points here HD...how would you propose increasing taxes will be used to create permanent jobs?
OT:
First and foremost.
I think, as a nation we need to pivot, and pivot HARD.
1. Increase taxes on corporations who export jobs to 90% (Tax Breaks for those who keep them home) Eliminate tax loopholes.
2. Eliminate taxes on anything manufactured in the United States.
3. Use a fixed portion of revenue increases strictly to pay down the debt.
4. increase education spending, infrastructure and invest in renewable energy. This is the jobs creator, this is the BIG PIVOT. Fossil fuels pollute, they give our $$ to terrorists, and rogue governments. If we lead the world in the next generation of energy production, we run the next 100 years.
5. FLAT TAX....If companies want to be treated like humans, they should be taxed like us too.
6. Eliminate subsidies for profitable industries.
7. Raise taxes on millionaires to pre Reagan levels. This creates a two pronged revenue solution. a) REinvestment by corporate ownership in their industry. 2) revenue for paying down the debt, education, military etc.
8. Medicare for all. Private coverage will still be an option as it is in most nations. Use out of work 'adjusters' to become the medicare fraud inspectors, saving us billions a year.