The big lie, "rich people create jobs".... (compared, state, claim)

[hawkeye2009]

Originally Posted by Cletus Awreetus-Awrightus

The rich just get their money from the Federal Reserve. You let me borrow from the gub't at 0%, and I will create jobs too.

I picture it like one of those opulent parties, where they have the champagne waterfall. The rich aren't always smarter, or harder working, or more disciplined; they are just closer to the champagne bottle.

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It is amazing what liberals believe. So, in your mind, "the rich" are just given everything and exploit the masses?


Dear Chap, you have it backwards. Those who invest their work and time, create entities which hire the masses. It is the masses who demand from the rich, in the form of taxes, money that they did not earn.

I know many wealthy people and do not know ONE who inherited his wealth. They are all buisness people who started or expanded a buisness and prospered as a result. Oddly, with thier prosperity, they hired people to work for them, such that they have jobs.

Liberalism is a mental disorder

[Zyngawf]

That article contradicts itself.

Rich people do create jobs. Someone with money has to be there in the beginning or a business can't get started in the first place.

[Speleothem]

Originally Posted by Cletus Awreetus-Awrightus

i don't have any capital.

i actually have two very good business ideas, one of which relies on my tech specialization, the other of which processes a specialty agricultural product; it would be the only one in North America. Both of these require capital to get started.

So...if you were wealthy enough to implement
your idea, you would begin creating jobs.
I don't see how anyone but the rich can create jobs.
Faulty thread premise.

[RCCCB]

What poor person has created a job?

[Cletus Awreetus-Awrightus]

Originally Posted by hawkeye2009

It is amazing what liberals believe. So, in your mind, "the rich" are just given everything and exploit the masses?

More or less. How else would you decribe the function of the primary dealers?

Primary Dealers List - Federal Reserve Bank of New York

[Cletus Awreetus-Awrightus]

Originally Posted by Speleothem

So...if you were wealthy enough to implement
your idea, you would begin creating jobs.
I don't see how anyone but the rich can create jobs.

By expanding Fed credit facilities to Joe Sixpack who wants to start a business.

[Cletus Awreetus-Awrightus]

Originally Posted by Joe_Ryder

Banks have never been a source of capital for startups. Too risky.

Yeah, that's what I am told.

[Cletus Awreetus-Awrightus]

Originally Posted by BigJon3475

http://research.stlouisfed.org/fred2...ax_630_378.png

I don't think there is a lack of money in circulation. There's a 50% increase from just the beginning of 2010.

He said wage deflation; what you posted is M1, the money supply.

[scarlet_ohara]

Originally Posted by Cletus Awreetus-Awrightus

What'll happen is, I'll probably build a firm based on my skill set (service-based idea), and then make some money, and then deploy that capital toward my second idea. (if it is still there.)

Bootstrapping is a potentially viable option. I've done it successfully.

Originally Posted by Cletus Awreetus-Awrightus

Yeah, that's what I am told.

3 words - nontraditional funding sources.

[EinsteinsGhost]

Originally Posted by RCCCB

What poor person has created a job?

If you have to ask, the land of opportunities is clearly only for the rich.

Middle Class... well, who cares, right? Those small businesses are in fact courtesy of the rich, the top 1%-ers... in the "conservative" world.