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Right, without capital investment, you can only consume air and create fart.
Rich people don't create jobs? They of course do because they are one HUGE group of consumers themselves who consume far more than any other people.
Ultimately of course, entrepreneurs create jobs. They do that through invention, creativity and improved efficiency coupled with ... rich people's money. You can't create jobs without capital.
Please don't tell me that the welfare recipients are the job creators.
Right, without capital investment, you can only consume air and create fart.
Rich people don't create jobs? They of course do because they are one HUGE group of consumers themselves who consume far more than any other people.
Ultimately of course, entrepreneurs create jobs. They do that through invention, creativity and improved efficiency coupled with ... rich people's money. You can't create jobs without capital.
Please don't tell me that the welfare recipients are the job creators.
Yeah, just how businesses don't make profits from consumers.
TED decided to leak this. There is no job growth without consumer confidence.
You and the idiots at TED have conflated job growth with job creation.
They are not necessarily the same thing.
Consumer demand spurs job growth. That is simply expansion. It is possible that if consumer demand is high enough, it can result in new entrants into that particular market, and that will create jobs. However, the grotesque over-regulation stifles job creation by new entrants to the market.
Where job creation is concerned, you and TED have put the cart before the horse.
How many consumers were buying MP3 Players, before MP3 Players existed?
Obviously none, yet there was a demand for them, based on market research.
So, I need $6 Million to set up and run manufacturing, production and distribution operations for 4-6 years until I am getting a sufficient return on profits to be self-sustaining.
Where do I get that $6 Million?
The government? Nope.
Banks? Nope.
The Money Fairy? Nope.
It falls out of the sky? Nope.
Jesus comes down from Heaven and writes me a check? Nope.
Consumers? Of what? Consumers cannot buy MP3 Players, because I've not yet gotten $6 Million to make and sell them to consumers.
Where does that $6 Million come from? Venture Capitalists.
Or maybe just garden-variety investors. Maybe I shop my business plan around out of frustration and desperation and via networking, I run into a gal who tells me she likes my idea and she'll pony up $500,000 but I still need $5.5 Million.
But she knows people. She knows a couple guys who might be interested.
And 5 or 6 months later, I've got about a dozen investors willing to give me anywhere from $250,000 to $1.5 Million to get started.
What have I gotten thus far from the government, banks and consumers, and idiots like TED?
The sum total of $0
See how that works?
Apparently not.
Now suppose I run the company for 4 years and I woefully under-estimated demand and I need $2 Million to expand. Where do I get that money?
Consumers? Nope.
The government? Nope.
Banks? Possibly. I show them my business plan, plus my financials for the last 4 years, and they say, okay, we'll loan you $1 Million.
That's cool, but I still need another $1 Million. Again, it will be investors, ie the "rich" who help me out here.
I suppose TED has some ulterior motive, like he wants you to buy gold (snicker).
You and the idiots at TED have conflated job growth with job creation.
They are not necessarily the same thing.
Consumer demand spurs job growth. That is simply expansion. It is possible that if consumer demand is high enough, it can result in new entrants into that particular market, and that will create jobs. However, the grotesque over-regulation stifles job creation by new entrants to the market.
Where job creation is concerned, you and TED have put the cart before the horse.
How many consumers were buying MP3 Players, before MP3 Players existed?
Obviously none, yet there was a demand for them, based on market research.
So, I need $6 Million to set up and run manufacturing, production and distribution operations for 4-6 years until I am getting a sufficient return on profits to be self-sustaining.
Where do I get that $6 Million?
The government? Nope.
Banks? Nope.
The Money Fairy? Nope.
It falls out of the sky? Nope.
Jesus comes down from Heaven and writes me a check? Nope.
Consumers? Of what? Consumers cannot buy MP3 Players, because I've not yet gotten $6 Million to make and sell them to consumers.
Where does that $6 Million come from? Venture Capitalists.
Or maybe just garden-variety investors. Maybe I shop my business plan around out of frustration and desperation and via networking, I run into a gal who tells me she likes my idea and she'll pony up $500,000 but I still need $5.5 Million.
But she knows people. She knows a couple guys who might be interested.
And 5 or 6 months later, I've got about a dozen investors willing to give me anywhere from $250,000 to $1.5 Million to get started.
What have I gotten thus far from the government, banks and consumers, and idiots like TED?
The sum total of $0
See how that works?
Apparently not.
Now suppose I run the company for 4 years and I woefully under-estimated demand and I need $2 Million to expand. Where do I get that money?
Consumers? Nope.
The government? Nope.
Banks? Possibly. I show them my business plan, plus my financials for the last 4 years, and they say, okay, we'll loan you $1 Million.
That's cool, but I still need another $1 Million. Again, it will be investors, ie the "rich" who help me out here.
I suppose TED has some ulterior motive, like he wants you to buy gold (snicker).
Venturing...
Mircea
And at the end of the day, if consumers don't have the disposable income to buy MP3 players, all the research and investment amounts for squat, because you aren't going to have any sales to pay back the venture capitalists. It still all goes back to the consumer. That's the part you seem to struggle with. It isn't enough to have a cool product--you have to have people with the resources to buy it.
My take is that the rich like money so they can invest it and make more money. It is like a big video game. They consume, but their income/assets so far exceed daily needs, the excess goes right back into the market.
The rest of us want money, so we can spend it, now. We want houses, cars, food, vacations,gadgets, etc. And there are a lot of us. We will always fuel domestic demand.
And at the end of the day, if consumers don't have the disposable income to buy MP3 players, all the research and investment amounts for squat, because you aren't going to have any sales to pay back the venture capitalists. It still all goes back to the consumer. That's the part you seem to struggle with. It isn't enough to have a cool product--you have to have people with the resources to buy it.
Do you live in a hut in the congo? This is the US. Disposable income is everywhere. Kids were buying these stupid necklaces for fifty bucks to look cool. A swoosh on a pair of shorts makes em sell for fifty bucks instead of ten. If I have to provide more examples then you are farther lost than anyone I've ever seen post on this board.
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