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I am blown away that people really think that rich people hording money in largely nontaxable funds produces some discernible economic benefits, but then simultaneously think that super-entrepreneurial immigrants don't create jobs and are drags on the economy.
To create jobs, one must have capital. Without capital, nothing can be done. Unless the immigrant comes here with money, many of us do, that immigrant must find investment from the rich people like banks, venture capitals, angel investment gofundme etc.
I don't for 1 second believe you are a member of the 1%.
Ha! I am actually closer to the 0.5% going by household assets.
But you're a Trump cultist, so I don't expect you to actually understand how wealth works.
Quote:
Originally Posted by lifeexplorer
Let's for entertainment value assume that's true. Your money in investment is in the economy.
Can you explain this exactly? What does this mean?
The vast majority of my holdings are in non-taxable funds, many offshore, mostly with no brokerage or management fees (or, if there are fees, very light costs). Most of my holdings are with Vanguard, which is at-cost.
Do you even know what an index fund is? There are no trading costs. Do you know what Vanguard is? There is no profit, and no outside shareholders. The shareholders own the mutual funds, the mutual funds own Vanguard.
Please explain to me how the American economy benefits from me accumulating money. Tell us, specifically, how the country benefits.
Location: Born & Raised DC > Carolinas > Seattle > Denver
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Quote:
Originally Posted by tinytrump
even though the majority of companies lean to the right - there are just as many who lean to the left- and in the past, all have created jobs for anyone who would work them- regardless off party-
[b]but** all are just as guilty of outsourcing our jobs- causing inflation and making the honest everyday worker not able earn it and make a decent living- -- when did these "right" corps make you rich?
You nailed it with your use of the word "all."
- All companies (owned/run by both left and right leaning leadership) create jobs, as well as outsource.
- All companies could do a better job at focusing on putting Americans back to work.
- All large companies could shave off the $10M+ they pay their top leadership positions to increase pay for the front line and mid-level employees.
But people like the OP will continue to pound their hateful agenda that "one political party does everything right 100% of the time, and the opposing party is always 100% wrong and wants to destroy America." That is absolute insanity.
Thankfully most people in this section (both liberals and democrats) are aware that the OP and people like them are full of bologna and know not to believe a word they say.
Jobs are created by entrepreneurs. Successful entrepreneurs become wealthy and expand their businesses with that wealth, which is where jobs come from. Pretty simple.
I think what some people are saying is that many entrepreneurs start off poor or middle class, which is definitely true, but they can't create tons of jobs until they make the money to do it.
I am blown away that people really think that rich people hording money in largely nontaxable funds produces some discernible economic benefits, but then simultaneously think that super-entrepreneurial immigrants don't create jobs and are drags on the economy.
This is the cartoon version of the rich, possibly mixed with the false idea of a fixed economic pie.
There is no hoarding. They create wealth and, if they're successful, put it back into the company. It's not like there's this fixed amount of money for everyone, and they just keep it all for themselves, preventing anyone else from having any.
What blows me away is how people think taking from the greatest producers of wealth and giving to significantly less productive, or often completely unproductive, people is going to create more overall wealth in the economy.
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