Do the 1% really create the most jobs in America?

[bripat9643]

Employment levels is determined by a large list of things but the single most important factor has always been and will always be demand. A "job creator" is generally just someone who has found a way to meet a demand.

Demand comes from people who have jobs. So what you have said is that jobs create jobs. So we take another spin on the left-wing wheel of circular logic.

Actually the economy does act like a circle. Job creators, jobs, and consumption are just points on the circle. Circular logic is something completely different.

Want to try again?

ROFL! So at what point in your clown circus theory of economics do the jobs get created? What is the mechanism for creating them?

 

[Wry Catcher]

The enemy of Socialism will always be wealthy individuals. The 1% may or may not create the most jobs, that is irrelevant. Do you really want an America where everyone works for the government? The 1% do create a large percentage of US jobs and their discretionary spending keeps others working. Most of them got there by hard work, save a few that made it by marrying into money or $200K speaking gigs.

The BLS report posted in a link in the OP states that 84% of the jobs in 2014 America were private sector jobs.

I suggest you read the link in the OP, your supposition that the 1% "do create a large percentage of US jobs" is therein refuted. As the discretionary spending by the employed keep restaurants open and people employed as servers, food preps, and cashiers, also documented in the posted link.

I can't speak for most of the 1% but within the top 10 US billionaires are the Brother's Koch, who got started by an inheritance from their daddy, as did all of the Walton kids.

And Obama's commerce secretary, penny pritzker who FORGOT to declare $80million of income on her disclosure and whose Hilton Hotel proudly pays most of their workers minimum wage

I can't speak for "penny pritzker" or most of the 1%, but within the top 10 richest Americans are the Brother's Koch, who got started by an inheritance from their daddy, as did all of the Walton kids.

A substantive post which CrusaderFrank might have posted is to ask why there are so many Millionaires serving in Congress.

The money they inherited from their father comprises about 0.1% of their current net worth, so that theory doesn't hold water. Most people who inherit money piss it all away. The grand children of Cornelius Vanderbilt, at one time the richest man in the world, were all bankrupt by the time they died.

LOL, is this ^^^ the best you can do? You're even more limited than even I would have thought.

What is hardest to make: The first million, or the next ten million dollars (I hope that's not too abstract for you to understand)? I notice you left out the Waltons, and WTF do the children of Vanderbilt have to do with my point.

 

[bripat9643]

The enemy of Socialism will always be wealthy individuals. The 1% may or may not create the most jobs, that is irrelevant. Do you really want an America where everyone works for the government? The 1% do create a large percentage of US jobs and their discretionary spending keeps others working. Most of them got there by hard work, save a few that made it by marrying into money or $200K speaking gigs.

The BLS report posted in a link in the OP states that 84% of the jobs in 2014 America were private sector jobs.

I suggest you read the link in the OP, your supposition that the 1% "do create a large percentage of US jobs" is therein refuted. As the discretionary spending by the employed keep restaurants open and people employed as servers, food preps, and cashiers, also documented in the posted link.

I can't speak for most of the 1% but within the top 10 US billionaires are the Brother's Koch, who got started by an inheritance from their daddy, as did all of the Walton kids.

And Obama's commerce secretary, penny pritzker who FORGOT to declare $80million of income on her disclosure and whose Hilton Hotel proudly pays most of their workers minimum wage

I can't speak for "penny pritzker" or most of the 1%, but within the top 10 richest Americans are the Brother's Koch, who got started by an inheritance from their daddy, as did all of the Walton kids.

A substantive post which CrusaderFrank might have posted is to ask why there are so many Millionaires serving in Congress.

The money they inherited from their father comprises about 0.1% of their current net worth, so that theory doesn't hold water. Most people who inherit money piss it all away. The grand children of Cornelius Vanderbilt, at one time the richest man in the world, were all bankrupt by the time they died.

LOL, is this ^^^ the best you can do? You're even more limited than even I would have thought.

What is hardest to make: The first million, or the next ten million dollars (I hope that's not too abstract for you to understand)? I notice you left out the Waltons, and WTF do the children of Vanderbilt have to do with my point.

If you're theory was true, then there would be very few millionaires. We would have hundreds of thousands of billionaires.

Your theory is a myth revered by those who can't scratch together $5,000.

 

[Wry Catcher]

The BLS report posted in a link in the OP states that 84% of the jobs in 2014 America were private sector jobs.

I suggest you read the link in the OP, your supposition that the 1% "do create a large percentage of US jobs" is therein refuted. As the discretionary spending by the employed keep restaurants open and people employed as servers, food preps, and cashiers, also documented in the posted link.

I can't speak for most of the 1% but within the top 10 US billionaires are the Brother's Koch, who got started by an inheritance from their daddy, as did all of the Walton kids.

And Obama's commerce secretary, penny pritzker who FORGOT to declare $80million of income on her disclosure and whose Hilton Hotel proudly pays most of their workers minimum wage

I can't speak for "penny pritzker" or most of the 1%, but within the top 10 richest Americans are the Brother's Koch, who got started by an inheritance from their daddy, as did all of the Walton kids.

A substantive post which CrusaderFrank might have posted is to ask why there are so many Millionaires serving in Congress.

The money they inherited from their father comprises about 0.1% of their current net worth, so that theory doesn't hold water. Most people who inherit money piss it all away. The grand children of Cornelius Vanderbilt, at one time the richest man in the world, were all bankrupt by the time they died.

LOL, is this ^^^ the best you can do? You're even more limited than even I would have thought.

What is hardest to make: The first million, or the next ten million dollars (I hope that's not too abstract for you to understand)? I notice you left out the Waltons, and WTF do the children of Vanderbilt have to do with my point.

If you're theory was true, then there would be very few millionaires. We would have hundreds of thousands of billionaires.

Your theory is a myth revered by those who can't scratch together $5,000.

Bullshit, your reasoning - lol, um your comments are absurd.

 

[MarathonMike]

For one claiming claiming the intellectual high ground, you have a ridiculously over-simplified and incorrect assessment of the "Great Recession" as Bush's recession. Study your history and you will find that the seeds of that Recession were planted under Carter, and expanded under Clinton. The death blow was dealt by a reckless banking system. A brilliant Liberal like yourself should surely be able to connect the dots.

 

[OnePercenter]

Jobs are created through middle class spending and the government.

 

[bripat9643]

And Obama's commerce secretary, penny pritzker who FORGOT to declare $80million of income on her disclosure and whose Hilton Hotel proudly pays most of their workers minimum wage

I can't speak for "penny pritzker" or most of the 1%, but within the top 10 richest Americans are the Brother's Koch, who got started by an inheritance from their daddy, as did all of the Walton kids.

A substantive post which CrusaderFrank might have posted is to ask why there are so many Millionaires serving in Congress.

The money they inherited from their father comprises about 0.1% of their current net worth, so that theory doesn't hold water. Most people who inherit money piss it all away. The grand children of Cornelius Vanderbilt, at one time the richest man in the world, were all bankrupt by the time they died.

LOL, is this ^^^ the best you can do? You're even more limited than even I would have thought.

What is hardest to make: The first million, or the next ten million dollars (I hope that's not too abstract for you to understand)? I notice you left out the Waltons, and WTF do the children of Vanderbilt have to do with my point.

If you're theory was true, then there would be very few millionaires. We would have hundreds of thousands of billionaires.

Your theory is a myth revered by those who can't scratch together $5,000.

Bullshit, your reasoning - lol, um your comments are absurd.

Based on what? If it was absurd, then you could explain why. Obviously you can't.

 

[bripat9643]

Jobs are created through middle class spending and the government.

Only an economic ignoramus would believe such a stupid theory. How does the government create jobs without destroying other jobs? How does the middle class create jobs, through demand? I've already explained the idiocy of that theory.

Stupid turds like you just can't give up the idea that there's no harm in government looting the wealthy. You're like children who cry when mommy won't let them stick their fingers in the light socket.

 

[Jomama]

Jobs are created through middle class spending and the government.

If we look at a bell curve of spending and assume the meat of it explains something, then you are correct.

Job creation is simple, private sector jobs are largely created by existing companies who need to add labor to accomplish some goal which is determined to deliver a specific ROI. It's a financial investment with either your money or your emplyer's. Entrepreneurs take risks to satisfy demand they perceive in the economy... customers want to order more, you steal a customer from someone else, the general economy is growing. A small part of consumer products (usually tech or fashion) are so cool, that their mere existence will create demand. When the entrepreneur feels safe enough investing into growth, they'll take a calculated risk, spend working capital and ... create a job. When demand drops jobs disappear.

 

[OnePercenter]

Jobs are created through middle class spending and the government.

If we look at a bell curve of spending and assume the meat of it explains something, then you are correct.

Job creation is simple, private sector jobs are largely created by existing companies who need to add labor to accomplish some goal which is determined to deliver a specific ROI. It's a financial investment with either your money or your emplyer's. Entrepreneurs take risks to satisfy demand they perceive in the economy... customers want to order more, you steal a customer from someone else, the general economy is growing. A small part of consumer products (usually tech or fashion) are so cool, that their mere existence will create demand. When the entrepreneur feels safe enough investing into growth, they'll take a calculated risk, spend working capital and ... create a job. When demand drops jobs disappear.

So middle class spending makes the economy prosper, and government placed infrastructure helps entrepreneurs take calculated risks to provide products and services.

 

[bripat9643]

Jobs are created through middle class spending and the government.

If we look at a bell curve of spending and assume the meat of it explains something, then you are correct.

Job creation is simple, private sector jobs are largely created by existing companies who need to add labor to accomplish some goal which is determined to deliver a specific ROI. It's a financial investment with either your money or your emplyer's. Entrepreneurs take risks to satisfy demand they perceive in the economy... customers want to order more, you steal a customer from someone else, the general economy is growing. A small part of consumer products (usually tech or fashion) are so cool, that their mere existence will create demand. When the entrepreneur feels safe enough investing into growth, they'll take a calculated risk, spend working capital and ... create a job. When demand drops jobs disappear.

So middle class spending makes the economy prosper, and government placed infrastructure helps entrepreneurs take calculated risks to provide products and services.

The employers of the middle class make the economy prosper. They provide the cash the middle class spends. Private firms can build all the infrastructure we need at a much lower cost. Meanwhile, government social programs suck trillions of dollars away from productive people and towards ticks on the ass of society.

 

[OnePercenter]

The employers of the middle class make the economy prosper. They provide the cash the middle class spends.

Who came first, the employer, or the employee?

Private firms can build all the infrastructure we need at a much lower cost.

Who pays for it?

Meanwhile, government social programs suck trillions of dollars away from productive people and towards ticks on the ass of society.

Ticks? Like the Walmart seven?

 

[CrusaderFrank]

Jobs are created through middle class spending and the government.

Are you sure about that?

Greece has both a middle class and a government correct?

 

[Bombur]

Who came first, the employer, or the employee?

In our modern economy that is like asking what point in the circle is the first. It demonstrates a fundamental misunderstanding of the way our economy works and an inability to look at economic problems effectively.

The US has a rather obvious economic problem. We have a trade deficit of hundreds of billions of dollars which represents a significant weakness in the demand for US production. These deficits are in large part directly due to the fact that the US producers lack access to other markets that would demand US production while at the same time the US consumer market is able to demand goods from these markets.

 

[OnePercenter]

Jobs are created through middle class spending and the government.

Are you sure about that?

Greece has both a middle class and a government correct?

Yes.

 

[OnePercenter]

Who came first, the employer, or the employee?

In our modern economy that is like asking what point in the circle is the first. It demonstrates a fundamental misunderstanding of the way our economy works and an inability to look at economic problems effectively.

The US has a rather obvious economic problem. We have a trade deficit of hundreds of billions of dollars which represents a significant weakness in the demand for US production. These deficits are in large part directly due to the fact that the US producers lack access to other markets that would demand US production while at the same time the US consumer market is able to demand goods from these markets.

The first point of a circle is where the pen (money) was laid first.

 

[EdwardBaiamonte]

Who came first, the employer, or the employee?

In our modern economy that is like asking what point in the circle is the first. It demonstrates a fundamental misunderstanding of the way our economy works and an inability to look at economic problems effectively.

The US has a rather obvious economic problem. We have a trade deficit of hundreds of billions of dollars which represents a significant weakness in the demand for US production. These deficits are in large part directly due to the fact that the US producers lack access to other markets that would demand US production while at the same time the US consumer market is able to demand goods from these markets.

 

[EdwardBaiamonte]

The US has a rather obvious economic problem. We have a trade deficit of hundreds of billions of dollars

dear how is that possible unless the Chinese and Indians burn the money we send them for their exports???

 

[CrusaderFrank]

Jobs are created through middle class spending and the government.

Are you sure about that?

Greece has both a middle class and a government correct?

Yes.

So why don't they have a rocking economy?

 

[EdwardBaiamonte]

US producers lack access to other markets.

how is that possible? do they burn our dollars???