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Read this op-ed in Bloomberg. This guy hits the nail on the head.
Pay special attention to the points that one super rich consumer cannot power the economy like thousands of middle class consumers can.
Oh and the guy is a venture capitalist that helped launch amazon.com. Someone many of the righties on here would call a job creator.....yet he argues he isn't one
Just because he's rich doesn't make him smart or right. In fact, his own words conflict with his headline;
Even so, I’ve never been a “job creator.” I can start a business based on a great idea, and initially hire dozens or hundreds of people. But if no one can afford to buy what I have to sell, my business will soon fail and all those jobs will evaporate.
Starting a business and hiring dozens or hundreds of people is JOB CREATION. That's the definition of the term.
Then he introduces a new topic; he goes on to say that he needs customers to sustain his business. Nobody would deny that you need customers after you start a business to sustain the business. But you can have millions of customers and if nobody has the capital and energy to start a business, there will be no jobs created.
Middle class people with no capital do not create jobs. It takes capital to start a company or expand a company and create jobs.
All that capital has been sent to China to creat jobs in a communist tyranny. The tyranny part is relevant, the communist is more like the One Big Company. Great for profits and terrible for workers.
Just because he's rich doesn't make him smart or right. In fact, his own words conflict with his headline;
Even so, I’ve never been a “job creator.” I can start a business based on a great idea, and initially hire dozens or hundreds of people. But if no one can afford to buy what I have to sell, my business will soon fail and all those jobs will evaporate.
Starting a business and hiring dozens or hundreds of people is JOB CREATION. That's the definition of the term.
ah so if you create jobs for a month, then fire everybody technically you've created jobs. So these are the type of job creators we should be looking for??
Then he introduces a new topic; he goes on to say that he needs customers to sustain his business. Nobody would deny that you need customers after you start a business to sustain the business. But you can have millions of customers and if nobody has the capital and energy to start a business, there will be no jobs created.
Middle class people with no capital do not create jobs. It takes capital to start a company or expand a company and create jobs.
A company does not expand without lots of customers. Without demand for product. No one with an idea will ever be able to launch it without customers to buy the product. The iPad would have died without millions of people to buy them. The same with any good idea (and all the bad ideas)
This is a chicken vs. the egg thing. Arguably you need both. Lots of consumers with disposable income and someone with the wealth and capital to start a company. Both are necessary for sustainable job growth. At this point in the country we only have one of these things.
We need more consumers. The elites can take a hit and will survive. They will still be the top 1% looking down on us. They just have to look down on us from a hill not a mountain. They will survive.
In theory it sounds great, but for anyone to think that the money derived from increased taxes is going to trickle down to the middle class should think again. The only people who are going to see that money live in one of the 120 countries that the US gives financial aid to.
In theory it sounds great, but for anyone to think that the money derived from increased taxes is going to trickle down to the middle class should think again. The only people who are going to see that money live in one of the 120 countries that the US gives financial aid to.
don't do this because it won't work because we say so
but do what we say even though it hasn't worked yet its bound to work eventually......
Are you that ignorant? If there are no jobs for the middle class, there is no income, that means no money to spend on widgets, gadgets and such. THAT is what creates jobs.
Just like the AOL exec. said.....taxes or lack thereof do not create jobs, supply and demand do.
Quote:
Originally Posted by Roadking2003
Just because he's rich doesn't make him smart or right. In fact, his own words conflict with his headline;
Even so, I’ve never been a “job creator.” I can start a business based on a great idea, and initially hire dozens or hundreds of people. But if no one can afford to buy what I have to sell, my business will soon fail and all those jobs will evaporate.
Starting a business and hiring dozens or hundreds of people is JOB CREATION. That's the definition of the term.
Then he introduces a new topic; he goes on to say that he needs customers to sustain his business. Nobody would deny that you need customers after you start a business to sustain the business. But you can have millions of customers and if nobody has the capital and energy to start a business, there will be no jobs created.
Middle class people with no capital do not create jobs. It takes capital to start a company or expand a company and create jobs.
Even so, I’ve never been a “job creator.” I can start a business based on a great idea, and initially hire dozens or hundreds of people. But if no one can afford to buy what I have to sell, my business will soon fail and all those jobs will evaporate.
That's why Henry Ford raised wages & paid his workers well.
Can we all just admit that both create jobs? Seems pretty simple to me. Demand is demand, supply is supply.
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