Romney Logic: 1 man with 1 billion dollars is better for job growth than 10,000 people with 100,000 dollars.

[ackmondual]

Originally Posted by Freak80

Nobody will open either unless there is demand for the respective products.

Pretty much

The man with 1 billion dollars isn't going to buy a billions dollar's worth of goods. The people 10K people with $100K are more likely to buy goods and services from their local economies to pour support into those.

And even then, unless the factories are completely automated, you need workers for your businesses, else, none of that works.

Another reason why raising the MW so the working class have more $$ is beneficial to all of us...
https://www.youtube.com/watch?v=_mcHGGcZGFo
summary of 4 points...
1) Raising the minimum wage won't kill jobs
2) It won't hurt small businesses
3) It won't spike inflation
4) 90% of MW workers are adults

[Freak80]

Originally Posted by Raddo

When stock is sold, where do you think that money goes?

Look at my post about Intel. After these millionaires (billionaires by today's standards) formed Intel, they sold stock to finance the enormous costs of setting up a semiconductor fabrication plant. They then used the money to fund the long term R&D costs associated with developing the first microprocessor. Without that, no Internet, no smart phones, no CD forums.

You apparently do not understand the stock market or capitalism.

Mitt Romney didn’t do anything like Intel did. He was a corporate raider.