Sorry Republican: The Rich Don't Create Jobs

Finally, a multi-millionaire has come out and said it. Trickle-down Reagnomics has been and always was an excuse by the rich to give themselves favored treatment to make more money and to keep more of what they make. One reason is because they expect it....because they are very wealthy. But they still have to create a good narrative to BS the average American as to why our representatives in Washington should pass favored legislation and tax rules for them.

I mentioned once before where I listedn to a Fortune 500 company CEO talking about how they deserve "corporate welfare" because they create jobs. WRONG! But that is the mind-set of these guys. We need to make more and more money. If we can't do it with our business through sales let's get tax breaks to make more money. With the extra money we have we can pay for more lobbying to get more tax breaks and loopholes. Then let's move the jobs off-shore to make more money. Of course we will need free trade agreements to make more money doing that. Let's incorporate in other countries where we can make more money. Let's take our profits and pay ourselves very well and then invest that money through off-shore non-taxable accounts. Let's pay ourselves with multi-million stock options and then lower the capital gains tax rate to 15%.

This has been going on for so long and become so prevelent that the chickens have come home to roost and this country has become a debtor nation. We can't afford programs we have let alone new ones. Taxes and fees keep going up and they create new ones. We create more unemployed people and the poor but can't afford programs to help them but it is the ones paying the taxes that carry the burden. Let's complain about the working poor not paying taxes but let's create more of them so we can make more money.

Well why don't we just move all of the jobs oveseasor pay labor $8.00 an hour here with no benefits and keep our money and profits out of the reach of government taxes so we don't have to pay for the problems we help to create.

And there are a lot of people that buy this Republican BS.

Here's some of the article ad the link.


"Sorry, Republicans, but rich people are not "job creators." They never have been and never will be. No one ever invests in anything to create jobs. Employing people is a by-product of capitalism.

Those are the views of the venture capitalist Nick Hanauer, a multimillionaire who was recently invited to speak at a TED conference. The conferences are well-known gatherings featuring talks on a variety of topics and can be viewed online.

Update: Initially, Hanauer's speech was not posted online, which spurred a controversy that TED reacted to Thursday. The speech appeared on YouTube Thursday, and you can see it here.
Rich people don't create jobs, nor do businesses, large or small. What does lead to more employment is a "circle of life" like feedback loop between customers and businesses. And only consumers can set in motion this virtuous cycle of increasing demand and hiring. In this sense, an ordinary middle-class consumer is far more of a job creator than a capitalist like me."

Article Link: http://money.msn.com/politics/post.aspx...

Not everybody who says that ,,I will create jobs,, just like Obama and Romney lie, will fullfill these lies. Or maybe they will do jobs for instance 20-50 cent/hour.
Jobs can be created onyl by person, who will end wars, make cuts in war spendings and limit or liquidate mindless foreign spendings and support civilian development of country and such person in USA is the only one politician Dr Ron Paul and he will really create jobs, and additionally jobs which will be paid normally.

Bill Gates does not create jobs?
The founder of google did not create jobs?

Michael Dell did not create jobs?
Steve jobs did not create jobs.

YOU are an idiot.
These people that are RICH do NOT create jobs:
Obama does not create jobs
Harry Reid does not create jobs
Nasty Pelosi does not create jobs
Warren Buffet does not create jobs.
Bums like you do not create jobs

Really wrote:

Bill Gates does not create jobs?
The founder of google did not create jobs?
Michael Dell did not create jobs?
Steve jobs did not create jobs.
YOU are an idiot.
These people that are RICH do NOT create jobs:
Obama does not create jobs
Harry Reid does not create jobs
Nasty Pelosi does not create jobs
Warren Buffet does not create jobs.
Bums like you do not create jobs

Business owners create jobs. Some are super rich, some rich, some are fighting for their lives.

Small businesses create 70% of the jobs in America and most are far from rich. I still don't understand why they call it Reaganomics. He raised taxes more than any recent president.

Really wrote:

Bill Gates does not create jobs?
The founder of google did not create jobs?
Michael Dell did not create jobs?
Steve jobs did not create jobs.
YOU are an idiot.
These people that are RICH do NOT create jobs:
Obama does not create jobs
Harry Reid does not create jobs
Nasty Pelosi does not create jobs
Warren Buffet does not create jobs.
Bums like you do not create jobs

WTF. Are you for real? Is what this person is trying to say beyond you're comprehension? Do you just buy into the right-wing Republican garbage and take it as the truth? Evidently you do so insults from someone like you are pretty meaningless.

I see you want to attack the Democrates so I assume you are one of the Republican fools who buys this trickle down, supply-side economic BS. And since you probably don't even understand WTF I'm talking about you are one of those Republicans that the wealthy elite Republicans, like Romney, laugh at behind your back because you hardly have anywhere even remotely near their wealth and they have you convinced that the system should be set up to give them even more......by taking even more from you. This is stupid and the end result will not be good.

Here is the bottom line as simple as it can be said: the wealthy do not create jobs, the consumer who buys the products that the job makes creates jobs. Even if it is a service. It is the consumer of that service that creates jobs. Consumer demand creates jobs. Would you call a failed business a job creator? I guess you would.

Lets make believe you're a multi-millionaire. Take all of your millions and build a factory and put in equipment and hire people to make a product that no one will by. When you lose your millions and the factory closes and the people who hoped to have a job are now out on the street will you call yourself a job creator? I think when they use the term they are assuming some longevity. The wealth you had to make a product that the consumer would not buy did not really create any jobs did it?

Excellent thread. Let the the Marxist analysis continue!

To Educate One Hundred wrote:

Excellent thread. Let the the Marxist analysis continue!

Another person more interested in points and rarely adds value to a discussion.

Trickle down economics is not effective because we humans are inherently flawed. Most people get rich for themselves not to take care of their fellow man. Look at your own situation, be honest with yourself, no need to post a reply. What percentage of your salary do you give to charity?

That's not to say Dems have a better philosphy on gov't than the GOP because both sides have strengths. Non discretionary spending is too large under Dem administrations, while the GOP doesn't understand (their policies seem to suggest so) the importance of nearly all Americans participating in our workforce.

People can debate ideology all they want but America does best when we have a Dem President and a GOP house for obvious reasons. The GOP idealogy is usually leads to austerity measures recommended and executed when in charge this usually weaken the country. The Dems support govt so usually have better governing positions. Conversely, the GOP austerity position makes them the idea safeguard of our currency ensuring Dems dont' got too far or allow gov't to expand beyond supportable measures.

We always argue the point instead of looking at history which is the best predictor of future events. The US economy usually surges under Dem presidents when we have a GOP house or Senate and struggles under a GOP president. Reagan was an exception but he governed more like a democrat than a Republicans (GOP supporters hate that but its true). He raised taxes more than any recent president to keep the country strong until he was able to lower taxes during his second term.

Everyone needs to look at the numbers and connect dots appropriately and stop blindly arguing about their beliefs or ideology because their is no one right way. The country evolves as should our policies.

The poor the over taxed and the gov't that never ran anything without major losses creates jobs ?

The federal gov't creates fraud ridden bureaucracies.

Any expenditure of money on goods and services creates jobs. Investments are all designed to achieve wealth; some do some don't. Unless one sticks money under a mattress, the money contributes to the overall economy. And, the more money one has the more one contributes. That is why the rich certainly create jobs. That is also why excessive taxation depresses the economy. Look at our own area and wake up!

The fundamental requisite is to nationalise the means of production and commit to a centralised economic structure.

Casual Observer wrote:

"Sorry, Republicans, but rich people are not "job creators." They never have been and never will be. No one ever invests in anything to create jobs. Employing people is a by-product of capitalism."

What are you talking about? Rich people who invest in stocks and therefore in companies certainly are the job creators.
That last line says it all. Does this come as a surprise to you?

Substitute the words "doing business for profit" in that last sentence for capitalism and the meaning is the same. Businesses are created and exist to fill a need in the marketplace and to make a profit filling that need. Businesses do not exist to create jobs or to fund a social agenda. Of course job creation is a biproduct (not by product) of successful capitalism. Track it back though. Building a business takes money. Businesses raise that money by offering stock. They take the money they receive from the sale of stock and expand and improve their infrastructure. That infrastructure includes labor(jobs). Now a question for you. Is it the rich who have cash to invest with the hope of reaping a profit that make the expansion and job growth possible or, is it government?

Of course it is the money that the rich invest with the hope of making a profit that funds job creation.

Thebasics wrote:

Any expenditure of money on goods and services creates jobs. Investments are all designed to achieve wealth; some do some don't. Unless one sticks money under a mattress, the money contributes to the overall economy. And, the more money one has the more one contributes. That is why the rich certainly create jobs. That is also why excessive taxation depresses the economy. Look at our own area and wake up!

Exactly!!!!!!!!!!
Add demands of organized labor and excessive government regulation to excessive taxes too as reasons for a down economy. Businesses exsit to make a profit. If they can't do that then they close their doors.

The wealthy are wealthier than they have ever been. So, guys -- where are the jobs?

so unreal wrote:

<quoted text>Another person more interested in points and rarely adds value to a discussion.
Trickle down economics is not effective because we humans are inherently flawed. Most people get rich for themselves not to take care of their fellow man. Look at your own situation, be honest with yourself, no need to post a reply. What percentage of your salary do you give to charity?
That's not to say Dems have a better philosphy on gov't than the GOP because both sides have strengths. Non discretionary spending is too large under Dem administrations, while the GOP doesn't understand (their policies seem to suggest so) the importance of nearly all Americans participating in our workforce.
People can debate ideology all they want but America does best when we have a Dem President and a GOP house for obvious reasons. The GOP idealogy is usually leads to austerity measures recommended and executed when in charge this usually weaken the country. The Dems support govt so usually have better governing positions. Conversely, the GOP austerity position makes them the idea safeguard of our currency ensuring Dems dont' got too far or allow gov't to expand beyond supportable measures.
We always argue the point instead of looking at history which is the best predictor of future events. The US economy usually surges under Dem presidents when we have a GOP house or Senate and struggles under a GOP president. Reagan was an exception but he governed more like a democrat than a Republicans (GOP supporters hate that but its true). He raised taxes more than any recent president to keep the country strong until he was able to lower taxes during his second term.
Everyone needs to look at the numbers and connect dots appropriately and stop blindly arguing about their beliefs or ideology because their is no one right way. The country evolves as should our policies.

A while ago a Syracuse University professor called Aurthur Brooks did a study and wrote a book called "Who Really Cares". His documented results refute your opinion and also explode the myth that the left are more giving than conservatives. Give it a look.
http://www.amazon.com/Who-Really-Cares-Compas...

Wealthy people don't create jobs, the homeless do. I just met a homeless guy and he offered to sell me $20 of food stamps for $5 so he could get a bottle. Now, that's where real jobs get created.

Asking wrote:

<quoted text>
A while ago a Syracuse University professor called Aurthur Brooks did a study and wrote a book called "Who Really Cares". His documented results refute your opinion and also explode the myth that the left are more giving than conservatives. Give it a look.
http://www.amazon.com/Who-Really-Cares-Compas...

Without reading the text I would agree religious people are more giving than non religious people in time and money, both GOP and Dem. However as a matter of public policy the differences between the GOP and Dems are obvious. That's not to say some of the positions held by the GOP are without merit. I support the notion the country has made too many promises in the form of social services and programs. Many of those programs hold back individuals that may have excelled if they didn't become dependent on the "safety net". This is especially true of minority populations. The trajectory of wealth attainment in those groups dropped dramatically after the expansion of social programs. The family structure was forever changed after the expansion of the family court system. I am not a proponent of big gov't, the idea scenario is fair, responsive, and passionate govt the reaches the least among us.

Casual Observer,

You really need to take a basic economics course. After reading your diatribe I have to ask you a few simple questions:

Where does the consumer get his money?

Does it fall from the heavens like Manna? Or does he work for it?

If he works for it does he work at job in some one's business?

Did that business just appear out of the ether to give the consumer his job?

Where did the "rich" get their money? Did they inherit it? Did the government give it to them? If the government gave them their riches where did the government get its money? Were they chosen by lottery?

Have you ever had an original thought or have you been so immersed in socialist agitprop that you find original thought impossible?

Are you just another of Bodhisattva's sock puppets?

This claptrap that you just spewed is some of the most ignorant crap I have ever read here on Topix and that is really saying something!

As a wealthy Utican,I'm willing to create two jobs: one for some young lady to give me a weekly hummer, and a second for another young lady to give me a weekly hand job. I pay well!

Casual Observer wrote:

Finally, a multi-millionaire has come out and said it. Trickle-down Reagnomics has been and always was an excuse by the rich to give themselves favored treatment to make more money and to keep more of what they make. One reason is because they expect it....because they are very wealthy. But they still have to create a good narrative to BS the average American as to why our representatives in Washington should pass favored legislation and tax rules for them.
I mentioned once before where I listedn to a Fortune 500 company CEO talking about how they deserve "corporate welfare" because they create jobs. WRONG! But that is the mind-set of these guys. We need to make more and more money. If we can't do it with our business through sales let's get tax breaks to make more money. With the extra money we have we can pay for more lobbying to get more tax breaks and loopholes. Then let's move the jobs off-shore to make more money. Of course we will need free trade agreements to make more money doing that. Let's incorporate in other countries where we can make more money. Let's take our profits and pay ourselves very well and then invest that money through off-shore non-taxable accounts. Let's pay ourselves with multi-million stock options and then lower the capital gains tax rate to 15%.
This has been going on for so long and become so prevelent that the chickens have come home to roost and this country has become a debtor nation. We can't afford programs we have let alone new ones. Taxes and fees keep going up and they create new ones. We create more unemployed people and the poor but can't afford programs to help them but it is the ones paying the taxes that carry the burden. Let's complain about the working poor not paying taxes but let's create more of them so we can make more money.
Well why don't we just move all of the jobs oveseasor pay labor $8.00 an hour here with no benefits and keep our money and profits out of the reach of government taxes so we don't have to pay for the problems we help to create.
And there are a lot of people that buy this Republican BS.
Here's some of the article ad the link.
"Sorry, Republicans, but rich people are not "job creators." They never have been and never will be. No one ever invests in anything to create jobs. Employing people is a by-product of capitalism.
Those are the views of the venture capitalist Nick Hanauer, a multimillionaire who was recently invited to speak at a TED conference. The conferences are well-known gatherings featuring talks on a variety of topics and can be viewed online.
Update: Initially, Hanauer's speech was not posted online, which spurred a controversy that TED reacted to Thursday. The speech appeared on YouTube Thursday, and you can see it here.
Rich people don't create jobs, nor do businesses, large or small. What does lead to more employment is a "circle of life" like feedback loop between customers and businesses. And only consumers can set in motion this virtuous cycle of increasing demand and hiring. In this sense, an ordinary middle-class consumer is far more of a job creator than a capitalist like me."
Article Link: http://money.msn.com/politics/post.aspx...

You're an imbecile. My brother an I employ over 30 people sometimes up to 40 in season. You must be one of those obama hoax and change people that want free welfare, 100,000 cops per-square inch to protect you and your non-gun-toting ass from "crack guy" and free medical too huh?

Well fuccccck you! The Repubs aren't great either but Dems, retards who vote party and make ridiculous, clearly pathetic claims like yours are just disgusting. Luckily you';re posting on Topix and not trying to breed.