Yakkstr

Rich people do not create jobs

You and I create jobs.

I know I often don't do justice to the articles that I bring attention to but I understand that people's time is valuble and frankly many of us have the attention span of a hummingbird on crack. So here's the ultra-condensed point of the article.

It doesn't matter how much money you let the rich keep they won't create jobs. That's simply not how reality functions. What creates jobs is DEMAND and that comes from the middle class. It doesn't matter how good your idea is if the common man can't afford it. If the common man can't afford your product be it an Ipad, a CD or tickets to your game the business will collapse and all the "jobs" you "created" go away.

The rich don't buy enough to really power an economy. It's possible that they could, but they won't. Even when you look at the most opulant rich person you can find they might own five or six houses. Go outside and answer me this. How many houses on your block? Now think about all the other things that you buy and own and ask yourself how many of these would you have if you suddenly made a million dollars? Would you buy dozens of cars? Cus that's what you'd have to do (for most of us don't you country folk who need to travel twelve miles to find the nearest paved road go fucking with my math) to make up just for the actual purchases of people on your block. How many more clothes would you have? Sure you'd have MORE stuff and more expensive stuff but you'd have to do it to by an order of magnitudes to create the same amount of jobs.

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wombat said 4 months ago ...

This makes sense to me as I recently had an idea for something I could actually do for a side business, without much overhead, but the problem was.....who would buy it? I figured that mostly only the people with plenty of money would, maybe. Day to day people like me who are able to spend extra for something ordinary are few and far between, especially around where I live. It would take dealing with only the people with money to get it off the ground---so eventually, there might be a need for expanding a good business with employees. (creating jobs)

d6fer said 4 months ago ...

To me, you are splitting hairs over semantics....was it the chicken or the egg? Who gives a shit? We need suppliers, and if you confiscated all of their money tomorrow, either they or someone else would become rich because we would willingly enrich them by buying their goods and services.

If anything the disruption to the supply chain would be more devastating to the poor and middle class than just learning to live with this ever expanding economy where the rich get richer and the poor do too, but at a slower rate.

bluegum said 4 months ago ...

the problem when the rich get richer is they get richer by say 10%which might equate to 1million dollars and the poor get richer by 10%which might be 50 dollars and this is going to just keep happening i can't see it ever changing ,it's the nature of the beast. Blue.

alienated said 4 months ago ...

That guy sounds like just another rich, guilty Liberal to me. People are always trying
to prove Reagan wrong. If you notice, the 1980s were mentioned in that article. I
wonder if the writer remembers what was going on when Reagan took over. Reagan
proved himself right and his proof lasted until the Democrats final took back the 
government in 2007. That guy in the article is dead wrong. Are you trying to tell me 
Bill Gates has not created a boatload of jobs? He could have created five jobs and 
that would be more than Obama ever created. Are you trying to tell me oil companies 
do not create jobs? Baloney. Are you trying to tell me that movie makers like 
Speilberg do not create jobs? Are you trying to tell me all the mom and pop outfits 
across the country that make over $200,000 a year do not create jobs? Government
spending is the problem, not taxes. If you spend like a drunken sailor (the way 
Obama and most Democrats and even some Republicans do), you could tax everyone 
out the yingyang and it would not fix that. SPENDING is the problem. Why is that so 
hard to understand? Liberals want to create class warfare so they can get re-elected 
at all of our expense. Reagan proved Liberals wrong once and for all and they just 
cannot stand that and they are willing to destroy this country to prove him wrong. The 
only problem is, they CANNOT prove him wrong because he was right. You cannot give 
people a fish. You have to teach them to fish so they can catch their own dinner. 
Socialists like Obama want to enslave The People so they can keep getting elected. 
That is the real truth. Not the drivel that that guy is blithering. It is not about rich people 
buying stuff to create jobs. It is about keeping government out of the pocketbooks of 
entrepreneurs and business people so they can create jobs by building successful 
companies like the ones I have gone to just about every day of my work life. And the 
real truth is, you can tax "rich" people all you want. It will just drive them out of business 
or they will pass that tax on to the next guy. That next guy is you and me. Republicans / 
Conservatives want to raise everyone's boat while Liberals / Democrats / Socialists are 
willing to sink everyone's boat just to get themselves re-elected so they can promote
their stupid social agenda of sin and corruption, and you know as well as I do what that 
agenda is. It has been the agenda of the sinful from day one. Take a look around and tell 
me that is not so. Listen to what Obama has to say tonight and tell me he in on the right
track. You could take all of dad's paycheck and put it in the bank, but what difference 
would that make if his retarded kids were taking the money out and giving it to their
deadbeat friends so they could be popular. In a nutshell, that is all Democrats are doing
all the way back to FDR, LBJ, and now Obama. Losers with no real ideas of how to move
this country forward. Just ideas about how to get themselves re-elected at our expense.

sean_renaud said 4 months ago ...

The chicken vs the egg really is a silly argument and only applies accurately to one debate which is evolution vs creationism (or if someone were to make the argument Inteligent Design vs Creationism. Both ID and evolution would agree that whatever laid the first chicken egg wasn't, strictly speaking, a chicken.) In this case we know beyond any doubt that desire for something came prior to someone providing for said desire. There were hungry people before hunters or farmers, and infact logic demands that farmers and hunters came about as a result of hungry people. There were horny men who couldn't get any before there were prostitutes so on and so forth.

The Poor aren't getting richer, they are getting poorer except for the fact that science is happily marching on. Do I really need to link all of reckoner's posts about the economy since Reagan or even since Bush? The fact that the poor have cell phones really doesn't mean anything, certainly not anymore than it meant fifty years ago to say the poor had cars or fifty years before that to say the poor had carriages or fifty years before that and say the poor have guns. Science moving along has nothing to do with keeping things along.

Also there is nothing and nobody suggesting to disrupt the supply chain. While at this point it might not hurt to just let you win, have society collapse and start over that's a last resort to be taken only under the most desperate of times. What it is suggesting is that if you tax the rich and redistribute it to the poor we'd get this going again. It doesn't really matter much HOW (and neither you nor ALIENated have come up with an alternative theory to World War 2 getting us out of the Great Depression no matter how many times I ask you to. I have to assume you don't have a different theory.) military, road guards, building power plants. Aside from the precedent it might send (clearly the Bush refunds didn't cause this, nor have payroll tax cuts) literally just driving down the street throwing dollar bills out would likely work.

@blue: It's only the nature of the beast if we allow it to be. More to the point which nobody has addressed is that the rich getting (using your numbers which we both acknowledge are pulled from the air, not an insult just a fact.) 10% richer and adding one million doesn't add one million dollars to the economy. Even if it did that's one million dollars. By contrast 150 million Americans (roughly the number of people currently getting government assistance 50% of a population of 300 million. lost just twenty five dollars you're talking about 3.75 billion dollars that's not in the economy. And lets face it the poor would have spent that $25 dollars.

@ALIENated: Reagan was proved wrong at the time. We just didn't care. The economy grew but the economy ALWAYS grows particularly in the long term. Even with the Bush-Obama legacy we've seen growth over the last decade. So you can't use that argument. That's just the simple result of more people being born and thus having jobs.

Yes I am telling you that Bill Gates, oil companies, movie theatres and Mom and Pops (such as they exist, they are mostly a fairy tale these days but still) do not create jobs. Customers who need gas, want Xboxes, watch movies and buy stuff created not only Bill Gates (riddle me this. How rich would he be if nobody could buy Windows/computers/office/Xboxes regardless of how much they wanted one?) but all of the industries you're talking about. Especially when you start talking about the ones you bring up. If you spend 100% of your income on rent and food you don't go to the movies or buy computers. You buy food and keep a roof over your head.

Spending almost literally cannot be the problem. For starters all that spending creates jobs, but even if it didn't. Even if it was literally just taking money, piling it up and burning it as long as there is more money it's not going to CAUSE a deficiet, debt, recession or depression on it's own.

The rest of your drivel is so thoroughly disproven as to be laughable. You have to get taxes insanely high, as in 90% wasn't enough to accomplish this nightmare scenario, to drive people out of business. It simply doesn't work that way. The rich cannot pass a tax down to the next guy because we cannot afford it or will not spend on it. Double the price of an Xbox and see how many you sell.

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