If all the 1%ers suddenly disappeared...

[Jackson]

What would the unemployment rate be today?

How much in campaign fund losses would Obama suffer from corporate interests and unions?

Let's keep handing out those pell grants so these OWSers learn some economics.

 

[Dragon]

I assume you mean "if" not "id." Might want to get a mod to edit the title.

What would the unemployment rate be today?

About the same. The idea that rich people are "job creators" is a myth.

How much in campaign fund losses would Obama suffer from corporate interests and unions?

From corporate interests, it depends on how robotic the corporate machinery is. There would be no reason for corporations to hand out cash to politicians, since those on whose behalf they do it would be mysteriously gone, but that might not stop them.

From unions, not a penny.

Let's keep handing out those pell grants so these OWSers learn some economics.

What Pell grants?

I approve of people learning economics, as long as they learn real economics and not the right-wing ideology that is often confused for it.

 

[Jackson]

I assume you mean "if" not "id." Might want to get a mod to edit the title.

What would the unemployment rate be today?

About the same. The idea that rich people are "job creators" is a myth.

How much in campaign fund losses would Obama suffer from corporate interests and unions?

From corporate interests, it depends on how robotic the corporate machinery is. There would be no reason for corporations to hand out cash to politicians, since those on whose behalf they do it would be mysteriously gone, but that might not stop them.

From unions, not a penny.

Let's keep handing out those pell grants so these OWSers learn some economics.

What Pell grants?

I approve of people learning economics, as long as they learn real economics and not the right-wing ideology that is often confused for it.

Thank you for the tip. My bad.

 

[occupied]

No real difference right now, they are sitting on their money or hiding it overseas, as far as the US economy is concerned it might as well not exist. However the disappearance of their monopolies and non competitive practices would probably be a net benefit.

 

[Jackson]

No real difference right now, they are sitting on their money or hiding it overseas, as far as the US economy is concerned it might as well not exist. However the disappearance of their monopolies and non competitive practices would probably be a net benefit.

Interesting take...

 

[DiamondDave]

I assume you mean "if" not "id." Might want to get a mod to edit the title.

What would the unemployment rate be today?

About the same. The idea that rich people are "job creators" is a myth.

Yeah... because of all those corporations, companies, businesses, firms, etc that are owned and run by the poor

Seriously... you can't make this shit up that these wingers spew

 

[Againsheila]

What would the unemployment rate be today?

How much in campaign fund losses would Obama suffer from corporate interests and unions?

Let's keep handing out those pell grants so these OWSers learn some economics.

There'd be fewer chauffeurs and maids...but a lot more small mom and pop grocery stores and small businesses.

And our politicians might actually be doing what's good for the country instead of what's good for the wealthy.

 

[Dragon]

Yeah... because of all those corporations, companies, businesses, firms, etc that are owned and run by the poor

Because those who own the corporations, companies, businesses, firms, etc. are not the ones who create jobs. They're just the ones who (at the moment) OWN the jobs. Consumers create jobs. If the rich disappeared, the jobs would still exist, they would just have new owners.

 

[DiamondDave]

Yeah... because of all those corporations, companies, businesses, firms, etc that are owned and run by the poor

Because those who own the corporations, companies, businesses, firms, etc. are not the ones who create jobs. They're just the ones who (at the moment) OWN the jobs. Consumers create jobs. If the rich disappeared, the jobs would still exist, they would just have new owners.

Yes... they are... to have the investment to pay, hire, provide resources, etc.... whether it be directly thru ownership or investment into the corporate structure

You have to have the resources to own or provide... it's not like they magically appear to those who are the new 'top'... you have to assume if the 1% disappear, their capital, etc goes too

Consumers create demand... but demand does not inherently give what is needed to create a job

 

[Dragon]

Yes... they are... to have the investment to pay, hire, provide resources, etc.... whether it be directly thru ownership or investment into the corporate structure

No, they are not. Here's how I know this.

An investor has X amount of money to invest. Demand is Y, which justifies the investment of X/10 to expand business.

Double X, and no new jobs are created because there will be no demand to justify it.

Cut X in half, and no new jobs are created because there will be no demand to justify it.

Double Y, and another X/10 will be invested to create jobs.

Double Y AND cut X in half, and another X/10 will be invested to create jobs.

Consumers are the ones who create jobs, because consumer demand is the variable that matters. There is always excess capital accumulated, so capital is something we can take for granted. In fact, if all of the rich disappeared, capital would still be available in the money they leave behind, and in the banks and in tangible liquid assets such as stocks.

The rich do not create jobs.

 

[DiamondDave]

Yes... they are... to have the investment to pay, hire, provide resources, etc.... whether it be directly thru ownership or investment into the corporate structure

No, they are not. Here's how I know this.

An investor has X amount of money to invest. Demand is Y, which justifies the investment of X/10 to expand business.

Double X, and no new jobs are created because there will be no demand to justify it.

Cut X in half, and no new jobs are created because there will be no demand to justify it.

Double Y, and another X/10 will be invested to create jobs.

Double Y AND cut X in half, and another X/10 will be invested to create jobs.

Consumers are the ones who create jobs, because consumer demand is the variable that matters. There is always excess capital accumulated, so capital is something we can take for granted. In fact, if all of the rich disappeared, capital would still be available in the money they leave behind, and in the banks and in tangible liquid assets such as stocks.

The rich do not create jobs.

C'mon consumer... create one

No... for the job to come into being, it is not simple demand that makes it poof into existence... for unless there is investment in resources, capital, etc BEFORE the demand can be met, there IS NO FUCKING JOB

And no... you cannot assume that if the rich 'disappear', that all there resources are left behind... unless you are looking at some rapture style event.... then you would have to deal with the chaos that ensues as people scramble to take possession of piles of stuff left behind, but that is a whole other monkeywrench in the gears

 

[Dragon]

No... for the job to come into being, it is not simple demand that makes it poof into existence... for unless there is investment in resources, capital, etc BEFORE the demand can be met, there IS NO FUCKING JOB

As I said, you can take investment capital for granted. There is always more of it than demand can justify. The variable in short supply is always the controlling variable, and that variable is always consumer demand.

Consumers create jobs.

And no... you cannot assume that if the rich 'disappear', that all there resources are left behind.

Doesn't matter whether all of the resources are left behind or some go with; in fact, it doesn't matter if ALL of the individually-owned resources go with. There will still be sufficient capital in banks and in liquid assets in corporate ownership to meet all the investment needs justified by consumer demand. We are WAY over-capitalized at this point. Corporations are sitting on piles of cash that they can't invest productively in expansion because the consumer demand isn't there to justify it.

The rich do not create jobs. They're just the middlemen.