The Rich Don't Create Jobs

[Katzndogz]

According to Nancy Pelosi, the biggest engine of job creation is welfare!

No one has to make a profit to invent or expand, it just -is. like democrat magic.

 

[RDD_1210]

Straight from the horses mouth. A multi-millionaire describing how backwards it is to give the rich tax breaks to create jobs. It's a terrible idea that has never been shown to work anywhere but the parrots continue to refer to it.

Raise Taxes on Rich to Reward True Job Creators: Nick Hanauer - Businessweek

"That’s why I can say with confidence that rich people don’t create jobs, nor do businesses, large or small. What does lead to more employment is the feedback loop between customers and businesses. And only consumers can set in motion a virtuous cycle that allows companies to survive and thrive and business owners to hire. An ordinary middle-class consumer is far more of a job creator than I ever have been or ever will be."




Bonus points to the first idiot who says, "nothing is stopping him from sending more money to the government".

Of course they create jobs - who the fuck do idiots think has all the money to invest?? the idiot that makes 17k a year???

I suppose one could argue demand creates jobs, however at the end of the day its the rich who have the money to meet those demands. That demand for a product or service creates the jobs and its the wealthy individual that has the money to supply those goods and services...

Even Mr. Nick gets it and he's as an idiot. The rest of you should take note, there is hope for you after all.

 

[The Infidel]

This class warfare shit has got to stop!

Why are you liberals so intent on hating the rich?

I will say for the thousandth time..... when is the last time a poor man gave any of you a job?

Oh nevermind.... dont answer, bc I could really care less.
You are all a bunch of idiots as far as I am concerned.

Tell us about the company you created and sold for a billion dollars. This should be a riveting story.

You stupid fuck.... what planet do you live on?

 

[RDD_1210]

Not surprising that the point went right over your head.

Take 35,000,000 and give it to in one person or spread it out among 1000 people. The single person only needs so much and will only spend a fraction of what the 1000 people will spend with the same amount of money. That wealth spread across the consumers is what will drive spending which is what will spur the economy and create jobs.

Well SHIT.... lets just kill the rich people and take ALL OF THEIR MONEY!!!

You fucking jackass!

Shit, let's give millionaires all of the income earned by the middle class, that will create endless jobs!

Woohoo! Taking arguments to the extreme is fun!

 

[Mr.Nick]

Capital can be taken for granted. Consumer demand can't.

Capital accumulation and consumer demand are inversely proportional. The more nearly equal income becomes, the more consumer demand exists. The more UNequal income is, the more capital accumulates.

Capital will be invested in productive investments only to the extent that consumer demand justifies it. Capital that accumulates above that amount is invested in financial instruments that shuffle money around from one person to another, but do not create any actual wealth.

In a capitalist economy, the tendency is for capital accumulation to outstrip consumer demand.

Government policy therefore needs to be aimed at narrowing income gaps, not widening them.

You're right but wrong...

The bold would be correct if wealth was finite but it's not...

Not to mention demand dictates the value of the dollar...

Some act like if the rich get all the money everyone else will have none hence the rich will have everything...

If the "1%" had all the wealth and everyone else had nothing - the "1%" wealth would be worth nothing because there would be no demand making what they have useless..

The only reason why a product or service has a value is because someone wants it - it has a demand..

Wealth gaps don't even matter - its not exactly like the wealthy are preventing people in a free country from taking risks like starting their own business and building it from the ground up. Hell as a matter of fact thats how ALL SUCCESSFUL BUSINESSES in the US first started - SMALL.

MacDonalds and Ray Croc is a good example... A fucking blender salesman buys the rights to a burger joint and turns it into an empire...

 

[The Infidel]

Not surprising that the point went right over your head.

Take 35,000,000 and give it to in one person or spread it out among 1000 people. The single person only needs so much and will only spend a fraction of what the 1000 people will spend with the same amount of money. That wealth spread across the consumers is what will drive spending which is what will spur the economy and create jobs.

Well SHIT.... lets just kill the rich people and take ALL OF THEIR MONEY!!!

You fucking jackass!

Shit, let's give millionaires all of the income earned by the middle class, that will create endless jobs!

Woohoo! Taking arguments to the extreme is fun!

Fuck off... Im not debating an idiot troll.

 

[RDD_1210]

This class warfare shit has got to stop!

Why are you liberals so intent on hating the rich?

I will say for the thousandth time..... when is the last time a poor man gave any of you a job?

Oh nevermind.... dont answer, bc I could really care less.
You are all a bunch of idiots as far as I am concerned.

Tell us about the company you created and sold for a billion dollars. This should be a riveting story.

You stupid fuck.... what planet do you live on?

The same one where you've never created a multi-million dollar business and are most likely broke and living paycheck to paycheck yet somehow are an economic expert.

 

[RDD_1210]

Well SHIT.... lets just kill the rich people and take ALL OF THEIR MONEY!!!

You fucking jackass!

Shit, let's give millionaires all of the income earned by the middle class, that will create endless jobs!

Woohoo! Taking arguments to the extreme is fun!

Fuck off... Im not debating an idiot troll.

Thanks for realizing that, but apparently I am.

 

[LordBrownTrout]

It should be so obvious

What family owns 3,000 cars? His income might be $35,000,000?

Not surprising that the point went right over your head.

Take 35,000,000 and give it to in one person or spread it out among 1000 people. The single person only needs so much and will only spend a fraction of what the 1000 people will spend with the same amount of money. That wealth spread across the consumers is what will drive spending which is what will spur the economy and create jobs.

You're willing to confiscate 35M from someone who has risked everything, employed hundreds or thousands, provides medical and 401k matches, benefits, provides a product or service that is superior to his competition to his consumer for a lower price?

What gives you or the government the right to confiscate what another man has honestly earned? In your scenario, you have bankrupted the company and thrown thousands of employees out on the streets without pay, benefits, and retirement plans. I can't wrap my head around your thinking.

 

[Dragon]

It's amazing how hard some people have understanding this. It's really not rocket science.

A business owner has a million dollars he could invest to expand his business, but business is slow. He barely makes a profit as it is. People want his products, but they can't afford them.

A good fairy comes along with a magic spell that can do one of two things. Either it can give the business owner another million dollars, or it can give 100 people $10,000 each. The fairy wants to see the business expand, but can do only one of those two things.

Which one would work better?

 

[GHook93]

Depends on which rich person you are talking about:

(1) Executives at a large C-Corp: They get paid tradition income tax. Some buck the system, like Buffet, and issue stock options instead. For C-Corps the corporate, payroll and capital gains taxes effects their employment decisions not the income tax.

(2) The Rich Personal Investor: Income tax won't effect this guy since he is just investing his own money. HOWEVER, capital gains will. Say he is a venture capitalist. Capital gains will take away the amount he can invest in business or product he wants to invest in. Its also is disincentive to invest in the first place. Herman Cain is 100% right when he says capital gains are barrier between the business and the investor. Raise CG and you hurt people with big great ideas needing an investor.

(3) The Trust Fund Baby: They have other people manage their money. Not going to help or hurt them no matter where their taxes are at.

(4) SUCCESSFUL Small Business NON-C-Corps: This is 60% of the employers. Small businesses are defined as companies that employee <500 employees. Some small business aren't so small. These business can be SP, Partnerships, LLC, LLP and S-Corps. All these organizations have flow through taxation. So unlike the C-Corps they are not taxed at the entity level (Corporate tax) they are taxed on income by the owners. That mean they get hit with the income tax. Any raising in the income tax takes money away from the business. Take money away from the business mean cuts in other place (usually employment) and less hiring. Raising income tax hurts big time on employment here.
Then you have the payroll tax. While the payroll tax hurts C-Corps its a small business killer!

It also depends what you mean by rich. If you think rich is, as Obama thinks rich is, $250K and above then you are going to hit alot of Successful Small Business employers. If you think rich is $1 mil and above then you are probably save in that fact that it will hit mostly executive and highly compensated key employees in C-Corps, hence no effect on hiring.

 

[OohPooPahDoo]

I will say for the thousandth time..... when is the last time a poor man gave any of you a job?

Back before I worked at the Naval Observatory I delivered pizza. Plenty of poor people order pizza. Wouldn't have that job if no one ordered pizza - I doubt Papa Johns would have paid me just to drive around for fun.

 

[Oddball]

The Rich Don't Create Jobs

I'm sure this is news to Bill Gates.

 

[RDD_1210]

What family owns 3,000 cars? His income might be $35,000,000?

Not surprising that the point went right over your head.

Take 35,000,000 and give it to in one person or spread it out among 1000 people. The single person only needs so much and will only spend a fraction of what the 1000 people will spend with the same amount of money. That wealth spread across the consumers is what will drive spending which is what will spur the economy and create jobs.

You're willing to confiscate 35M from someone who has risked everything, employed hundreds or thousands, provides medical and 401k matches, benefits, provides a product or service that is superior to his competition to his consumer for a lower price?

What gives you or the government the right to confiscate what another man has honestly earned? In your scenario, you have bankrupted the company and thrown thousands of employees out on the streets without pay, benefits, and retirement plans. I can't wrap my head around your thinking.

Who the hell said anything about confiscating anything?

The point is that tax breaks for a single person with money would do nothing compared with helping 1,000 people who will all be making purchases. The same purchases x1000. That has a much larger affect on the economy and job creation than a tax break for a millionaire.

 

[Mr.Nick]

Straight from the horses mouth. A multi-millionaire describing how backwards it is to give the rich tax breaks to create jobs. It's a terrible idea that has never been shown to work anywhere but the parrots continue to refer to it.

Raise Taxes on Rich to Reward True Job Creators: Nick Hanauer - Businessweek

"That’s why I can say with confidence that rich people don’t create jobs, nor do businesses, large or small. What does lead to more employment is the feedback loop between customers and businesses. And only consumers can set in motion a virtuous cycle that allows companies to survive and thrive and business owners to hire. An ordinary middle-class consumer is far more of a job creator than I ever have been or ever will be."




Bonus points to the first idiot who says, "nothing is stopping him from sending more money to the government".

Of course they create jobs - who the fuck do idiots think has all the money to invest?? the idiot that makes 17k a year???

I suppose one could argue demand creates jobs, however at the end of the day its the rich who have the money to meet those demands. That demand for a product or service creates the jobs and its the wealthy individual that has the money to supply those goods and services...

Even Mr. Nick gets it and he's as an idiot. The rest of you should take note, there is hope for you after all.

Hey you fucking ape - don't forget reward.

Someone isn't going to supply your needs and demands without getting something out of it themselves.

Meeting YOUR demand is the rich guys job.

Do you really think a fucking person is going to open a store and sell you your useless shit for no profit???

The rich guy eats because layman make him shit to sell, and the laymen eat because the rich guy buys it from another rich guy that pays the idiot layman to make the shit.

It's not very difficult to understand.

 

[OohPooPahDoo]

Depends on which rich person you are talking about:

(1) Executives at a large C-Corp: They get paid tradition income tax. Some buck the system, like Buffet, and issue stock options instead. For C-Corps the corporate, payroll and capital gains taxes effects their employment decisions not the income tax.

(2) The Rich Personal Investor: Income tax won't effect this guy since he is just investing his own money. HOWEVER, capital gains will. Say he is a venture capitalist. Capital gains will take away the amount he can invest in business or product he wants to invest in. Its also is disincentive to invest in the first place. Herman Cain is 100% right when he says capital gains are barrier between the business and the investor. Raise CG and you hurt people with big great ideas needing an investor.

(3) The Trust Fund Baby: They have other people manage their money. Not going to help or hurt them no matter where their taxes are at.

(4) SUCCESSFUL Small Business NON-C-Corps: This is 60% of the employers. Small businesses are defined as companies that employee <500 employees. Some small business aren't so small. These business can be SP, Partnerships, LLC, LLP and S-Corps. All these organizations have flow through taxation. So unlike the C-Corps they are not taxed at the entity level (Corporate tax) they are taxed on income by the owners. That mean they get hit with the income tax. Any raising in the income tax takes money away from the business. Take money away from the business mean cuts in other place (usually employment) and less hiring. Raising income tax hurts big time on employment here.
Then you have the payroll tax. While the payroll tax hurts C-Corps its a small business killer!

It also depends what you mean by rich. If you think rich is, as Obama thinks rich is, $250K and above then you are going to hit alot of Successful Small Business employers. If you think rich is $1 mil and above then you are probably save in that fact that it will hit mostly executive and highly compensated key employees in C-Corps, hence no effect on hiring.

If your small business profits more than 250k a year its probably not small.

 

[Oddball]

I will say for the thousandth time..... when is the last time a poor man gave any of you a job?

Back before I worked at the Naval Observatory I delivered pizza. Plenty of poor people order pizza. Wouldn't have that job if no one ordered pizza - I doubt Papa Johns would have paid me just to drive around for fun.

The people who ordered the pizza didn't buy the ingredients and the ovens, didn't rent or buy the store front, didn't get the business licenses and tax permits, didn't obtain the insurance or hire you....Somebody with one helluva lot more money than them did.

 

[LordBrownTrout]

Not surprising that the point went right over your head.

Take 35,000,000 and give it to in one person or spread it out among 1000 people. The single person only needs so much and will only spend a fraction of what the 1000 people will spend with the same amount of money. That wealth spread across the consumers is what will drive spending which is what will spur the economy and create jobs.

You're willing to confiscate 35M from someone who has risked everything, employed hundreds or thousands, provides medical and 401k matches, benefits, provides a product or service that is superior to his competition to his consumer for a lower price?

What gives you or the government the right to confiscate what another man has honestly earned? In your scenario, you have bankrupted the company and thrown thousands of employees out on the streets without pay, benefits, and retirement plans. I can't wrap my head around your thinking.

Who the hell said anything about confiscating anything?

The point is that tax breaks for a single person with money would do nothing compared with helping 1,000 people who will all be making purchases. The same purchases x1000. That has a much larger affect on the economy and job creation than a tax break for a millionaire.

"Take 35,000,000 and give it to a thousand people"

Sounds like confiscation to me.

 

[OohPooPahDoo]

I will say for the thousandth time..... when is the last time a poor man gave any of you a job?

Back before I worked at the Naval Observatory I delivered pizza. Plenty of poor people order pizza. Wouldn't have that job if no one ordered pizza - I doubt Papa Johns would have paid me just to drive around for fun.

The people who ordered the pizza didn't buy the ingredients and the ovens,

Stop right there...

LOL

They are in fact paying for the ingredients, overhead, and other expenses when they buy the pizza.

Plus a little extra. we call that "profit"

 

[thereisnospoon]

Straight from the horses mouth. A multi-millionaire describing how backwards it is to give the rich tax breaks to create jobs. It's a terrible idea that has never been shown to work anywhere but the parrots continue to refer to it.

Raise Taxes on Rich to Reward True Job Creators: Nick Hanauer - Businessweek

"That&#8217;s why I can say with confidence that rich people don&#8217;t create jobs, nor do businesses, large or small. What does lead to more employment is the feedback loop between customers and businesses. And only consumers can set in motion a virtuous cycle that allows companies to survive and thrive and business owners to hire. An ordinary middle-class consumer is far more of a job creator than I ever have been or ever will be."


Bonus points to the first idiot who says, "nothing is stopping him from sending more money to the government".

Gee, just the words you lefties were looking for.
Some douche bag with a couple extra bucks and apparently too much time on his hands spouts off because he is displeased with the world and you people take it and run with it.
Yes, let's change the whole system right away. Get it done in a week. Let's become a socialist or even communist country. Yeah that will work just as well as the Soviet Union or China.