Do the Rich Really Create Jobs? Or do Consumers? (military, insurance, dollars)

[desertdetroiter]

Originally Posted by wjtwet

i know when i need a job i prefer applying with people or companies who actually have money.

Captain frickin Obvious.

I'm still trying to find the broke corporations that are taking applications right now. SMH

Those companies that have money have money because they have CONSUMERS providing the dough.

[A&M_Indie_08]

Originally Posted by EinsteinsGhost

In other words, rich try to meet demand for having the means to start/expand a business, an effect brought by consumers. It begins with... consumers, a grassroots movement rather than trickle down.

Of course, if the consumers do not want something, what is the point of making it?

I do not subscribe to the trickle down theory...... it makes sense in concept, but in reality, greed takes over

[EinsteinsGhost]

Originally Posted by A&M_Indie_08

Of course, if the consumers do not want something, what is the point of making it?

I do not subscribe to the trickle down theory...... it makes sense in concept, but in reality, greed takes over

We're in agreement.

[wjtwet]

Originally Posted by EinsteinsGhost

Were there people with money when the economy was losing over 4 million jobs a year? A simple yes or no will suffice for now.

everyone lost money. When you lose money you do not hire more people. So were there still rich people , yes were they going to hire more people as they were losing money, no.
however the people and companies who ha money were a better chance to get a job then the homeless

[EinsteinsGhost]

Originally Posted by wjtwet

everyone lost money. When you lose money you do not hire more people. So were there still rich people , yes were they going to hire more people as they were losing money, no.
however the people and companies who ha money were a better chance to get a job then the homeless

We're not talking about everybody. We're talking about rich people in existence (or not) when the economy was losing over 4 million jobs in a year. Did they? Were they suddenly poor and rich again? You need to address that.

[wjtwet]

Originally Posted by EinsteinsGhost

We're not talking about everybody. We're talking about rich people in existence (or not) when the economy was losing over 4 million jobs in a year. Did they? Were they suddenly poor and rich again? You need to address that.

The rich who lost money did not create jobs because they were losing money

[Mircea]

Originally Posted by Seacove

Do the Rich Really Create Jobs? Or do Consumers?

They both do actually.

Consumers create jobs by consuming in excess, which creates demand for more goods and services and that increases jobs.

However, it does not create that many jobs.

The "rich" create jobs by providing Capital in the form of cash.

3 guys and a gal, all unemployed/laid-off/can't find work are tinkering around in a garage (literally). They come up with an idea.

They needed Capital to get started. Who provided the Capital?

The government? No.

The banks? Nope, not in this case, and certainly not the $Millions needed for this particular start-up.

It was the "rich" and in particular, a certain class of "rich" people called "Venture Capitalists." Those people are high risk takers.

I'm talking about Qualcomm. Qualcomm is in business because the "rich" provided the Capital for Qualcomm to create jobs....

....11,200 jobs.

Consumers do not create that many jobs. Your excess consumption of condoms might result in adding a 3rd shift and the hiring of maybe 40 to 120 people, but not 11,200 people.

Your excess consumption of lattes might result in Starsux building a new facility to make the neighborhood that much more uglier, but they'll hire what? 14 people maybe?

So do the "rich" really create jobs?

Yes.

Who do you think bank-rolled Apple and Microsoft?

The government? Nope.

The banks? Nope.

It was the "rich."

Apple....20,186 jobs

Microsoft.... 89,809 jobs

You have an idea, and to get your idea going, you need $6 Million in cash to acquire a manufacturing facility, rent or purchase equipment to manufacture your product, pay for all of the regulatory licenses, permits and fees that are required, hire employees and cover their wages, benefits and regulatory obligations (like Social Security and Medicare), pay for advertising, pay for distribution, etc etc etc.

Is the government going to give you $6 Million?

Hell, no.

Is any bank going to give you $6 Million?

Hell, no, (but that might be possible if your personal credit was immaculate, and your business credit was immaculate and you had previously set up and run companies and had an history of success).

So where is that $6 Million going to come from?

The "rich."

Any questions?

Reality bites....

Mircea

[Huckleberry3911948]

consumers do in fact create jobs ------ in china and india.
as the iroquois sold their lands for beads cheap knives and hachets so the chinese will soon own our lands and we, lots of cheap walmart stuff.

[EinsteinsGhost]

Originally Posted by Huckleberry3911948

consumers do in fact create jobs ------ in china and india.

According to our resident conservatives, rich people must be the Chinese and Indians.

[waterboy7375]

actualy both arew correct. Consumers drive demand. Some items are only consumed by the wealthy.