CONFIRMED!: Rich People DO Create the Jobs

[Oddball]

The bad news in red.

With all the leftloon bitching and moaning about "income inequality", how can throwing regulatory obstacles like this in the way do anything to help the business ventures of the sainted "little guy"?

The only people who create real, sustainable jobs are in private businesses -- if they're unsubsidized.

Some CEOs are upset that people don't appreciate what they do. So they formed a group called the Job Creators Alliance.

Brad Anderson, former CEO of Best Buy, joined because he wants to counter the image of businesspeople as evil. When he was young, Anderson himself thought they were evil. But then he "stumbled into a business career" by going to work in a stereo store.

"I watched what happens in building a business. [My store] the Sound of Music, which became Best Buy, was 11 years [old] before I made a dollar of profit."

In 36 years, he turned that store into a $50 billion company.

Tom Stemberg, founder of Staples, got involved with the Job Creators Alliance because he's annoyed that the government makes a tough job much tougher.

He complains that government mostly creates jobs -- that kill jobs.

"They're creating $300 million worth of jobs in the new Consumer Financial Protection Bureau," Stemberg said, "which I don't think is going to do much for productivity in America. We're creating all kinds of jobs trying to live up to Dodd-Frank ... and those jobs don't create much productivity.

Now, Stemberg runs a venture capital business. "I helped create over 100,000 jobs myself," he said. "Pinkberry and City Sports and J. McLaughlin are growing and adding employment."

To do that, he had to overcome hurdles placed in the way by government.

"All that we get is grief and more hoops to jump through and more forms to fill out and more regulations to comply with," complained Stemberg. "Fastest-growing investment segment in venture capitalism: compliance software."

Read more at the Washington Examiner: Job creators fight back | John Stossel | Columnists | Washington Examiner

 

[Oddball]

Bump for the socialists, occupy douchebaggers and other economic kindergärtners.

 

[Mr. H.]

People with real world experience carry no credence around here.

 

[Oddball]

Aw, c'mon guys!

None of you liberoidal economic dilettante windbags can justify raising the levels bureaucratic red tape, to the point that only the detested wealthy can afford to meet the compliance hurdles to keep the doors to their businesses open?

What of the vaunted protector and overseer of your socialist Utopia -Big Daddy Big Gubmint- being a prime contributor to this "income inequality" y'all keep bitching and moaning about?

Where's the outrage?...Where are the angry protests?

 

[ABikerSailor]

If they were taxed at 28 percent like the rest of us, I'd have no problem.

Only trouble is.......they're taxed at 15 to 20 percent via capital gains.

 

[Oddball]

Small businesses work for and pay taxes on profits, not cap gains.

Sheeeeeeesh!

 

[ABikerSailor]

Yeah......but the one percenters make almost all of their money off of capital gains.

 

[Mr. H.]

If they were taxed at 28 percent like the rest of us, I'd have no problem.

Only trouble is.......they're taxed at 15 to 20 percent via capital gains.

If "the rest of us" risked massive amounts of capital like private businesses do, we'd also earn that 15 to 20 percent rate.

 

[Mr. H.]

Why is there never talk of "capital loss".

 

[Oddball]

Yeah......but the one percenters make almost all of their money off of capital gains.

Wow...All I have to do is say "economic dilettante" and look what happens.

Most of the "1%-ers" are small business operators who work for and pay taxes on profits.

Maybe you can even see a few of them from your tent in the park.

 

[ABikerSailor]

Why is there never talk of "capital loss".

Because, according to those of you who subscribe to the free market and capitalism, if you've got a bad product or service, your business DESERVES to fail.

The market will regulate itself, as you say?

 

[Mr. H.]

Why is there never talk of "capital loss".

Because, according to those of you who subscribe to the free market and capitalism, if you've got a bad product or service, your business DESERVES to fail.

The market will regulate itself, as you say?

So, it appears that Best Buy failed for 11 years before turning a profit.
Yup- "bad products and services".

There is no risk to the government in spending hundreds of millions of our dollars to fund agencies whose purpose is to cost the true risk takers hundreds of millions of their dollars. And you wonder why the corporate rate is "only" 15-20 percent (one of the highest in the world)?

 

[Oddball]

Why is there never talk of "capital loss".

Because, according to those of you who subscribe to the free market and capitalism, if you've got a bad product or service, your business DESERVES to fail.

The market will regulate itself, as you say?

So, it appears that Best Buy failed for 11 years before turning a profit.
Yup- "bad products and services".

There is no risk to the government in spending hundreds of millions of our dollars to fund agencies whose purpose is to cost the true risk takers hundreds of millions of dollars. And you wonder why the corporate rate is "only" 15-20 percent (one of the highest in the world)?

Prime example: The FDA.

Who is it that can afford the more than $500 million and nearly a decade of bureaucratic red tape and compliance to bring a new medication or device to market?...Joe 99%-er's Pharmaceutical Laboratory or 1%-er Merck?

Funny how the "demand creates jobs" crowd is avoiding this one like the plague, innit?

 

[Wry Catcher]

Is there a point to this thread? Of course Odd-Dude is opposed to government, that he's made clear over time. He's opposed to regulations, inspectors, permits and codes (apparently) for to oppose government suggests there is not one to regulate and enforce safe building practices. But Odd-Dude has the answer to that, those who build unsafe projects will eventually go out of business - the market regulates all. Too bad if you or a family member is on that elevator that falls, or flips the light switch and fries - be assured by the law of odd-dudes one day the incompetent and cheaters will be out of business, it will only take a few human tragedies for that to happen.

 

[rdean]

The main reason U.S. companies are reluctant to step up hiring is scant demand, rather than uncertainty over government policies, according to a majority of economists in a new Wall Street Journal survey.

Dearth of Demand Seen Behind Weak Hiring - WSJ.com

U.S. companies are reluctant to hire—but not because of uncertainty over government policies, as Federal Reserve Chairman Ben Bernanke mentioned in his testimony before Congress last week. A majority of the 53 economists surveyed from July 8-13 by the Wall Street Journal say it is the lack of demand that is keeping hiring down.

WSJ Survey: Lack of Demand, Not Uncertainty, Keeps Hiring Down - Catherine Hollander - NationalJournal.com

Republicans are so weird the way they avoid common sense and stick to "uncertainty".

 

[hjmick]

Rich people create jobs...

That probably explains why I never got a call back after that job interview with Bob the homeless guy...

 

[Oddball]

Is there a point to this thread? Of course Odd-Dude is opposed to government, that he's made clear over time. He's opposed to regulations, inspectors, permits and codes (apparently) for to oppose government suggests there is not one to regulate and enforce safe building practices. But Odd-Dude has the answer to that, those who build unsafe projects will eventually go out of business - the market regulates all. Too bad if you or a family member is on that elevator that falls, or flips the light switch and fries - be assured by the law of odd-dudes one day the incompetent and cheaters will be out of business, it will only take a few human tragedies for that to happen.

The points are two:

1) To debunk the neo-Keynsean economic bullshit artist lie that it's demand that creates jobs.

2) To show, with verifiable evidence, that excessive and burdensome bureaucracy and regulation squeezes out the vaunted "little guy", that liberoidal blowhards like you claim so vociferously to champion, in favor of the massive corporations, which liberoidal blowhards like you claim so vociferously to detest.

You may now go back to your padded room and get your daily Thorazine from the nice man in the white jacket.

 

[Oddball]

The main reason U.S. companies are reluctant to step up hiring is scant demand, rather than uncertainty over government policies, according to a majority of economists in a new Wall Street Journal survey.

Dearth of Demand Seen Behind Weak Hiring - WSJ.com

U.S. companies are reluctant to hire—but not because of uncertainty over government policies, as Federal Reserve Chairman Ben Bernanke mentioned in his testimony before Congress last week. A majority of the 53 economists surveyed from July 8-13 by the Wall Street Journal say it is the lack of demand that is keeping hiring down.

WSJ Survey: Lack of Demand, Not Uncertainty, Keeps Hiring Down - Catherine Hollander - NationalJournal.com

Republicans are so weird the way they avoid common sense and stick to "uncertainty".

When one of the demanders hires someone, you gimmie a call.

Fool.

 

[Mr. H.]

Go back to the OP and read the comments of the founders of Best Buy and Staples.
Or are their opinons not "learned" enough?

Libobots would rather suck up the Obama teat-fed bullshit than recognise the voice of true experience.

 

[Mr. H.]

Did I just shut down the shit parade?