The Rich Don't Create Jobs

[OohPooPahDoo]

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.

Better to nickel and dime a 1000000 people for $35 each and give it all to one person.

 

[Mr.Nick]

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?

It cost money to print and handout money...

Buy the time it hits the economy the 10,000 that was handed out is now worth 5,000.

Nothing is free...

How is taking 10,000 from a person and giving them 5,000 back good for the economy?? Because that is exactly what the stimulus did..

Our government understands this and thats why they printed more money - which isn't a logical economic solution to the problem and the banks no this so they refuse to release all this funny money.

Not to mention the stimulus went to the unions (10% of the population) and union employees salaries are NOT based on supply and demand they're based on DEMANDS..

 

[RDD_1210]

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.

That's Mr. Fucking Ape to you.

And thanks for agreeing with me, that consumers create jobs. All that other shit you said doesn't change that fact.

 

[LordBrownTrout]

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.

Sure it is. It can be a one or two employee operation.

 

[OohPooPahDoo]

Yes, let's change the whole system right away. Get it done in a week.

The teabag party tried that.

 

[RDD_1210]

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.

Haha, holy shit talk about taking me literally. I was giving a hypothetical situation that looked at giving tax breaks for one group versus another. I have to remind myself that this site is full of uneducated idiots.

 

[LordBrownTrout]

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.

Better to nickel and dime a 1000000 people for $35 each and give it all to one person.

I have no idea of what y'all are arguing. I'm talking about business/economic practices.

 

[The Infidel]

oh my gawd we are in trouble...!!!​

 

[OohPooPahDoo]

What's sad is that someone has to even explain this. It should be OBVIOUS the rich don't create jobs - as they rich are richer than ever and enjoy the lowest tax burden in decades - but the jobs aren't being created

 

[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".

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 tun 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.

Why can't any of you lunatics make your case without arguing some extreme that no one is asking for. Probably because you have no other argument to make.

 

[Dragon]

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.

If they hadn't ordered the pizza, the person with all that money WOULDN'T have, though.

 

[The Infidel]

I have to remind myself that this site is full of uneducated idiots.

Count yourself as one of those idiots.

 

[lizzie]

All I can say is I sure as hell never got a job from a poor person.

 

[The Rabbi]

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?

He would give it to the owner who would:
invest in machinery to lower the cost of his product
invest in advertising to show people the product is worth the money
invest in marketing to offer discounts to people for buying his product
All of the above.

Note that all of these involve many people making money from the one million dollars. The other "solution" is only a benefit to the buyer and seller. And of course the fairy.
That's why Barney Frank is a liberal Democrat.

You are one fucking stupid-ass motherfucker. No wonder our economy is in the shape it's in.

 

[The Infidel]

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.

If they hadn't ordered the pizza, the person with all that money WOULDN'T have, though.

and there would be no pizza place to begin with

 

[thereisnospoon]

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.

The question you people will not or cannot answer is "who gets to do the spreading?"
Of course the pat answer is 'government'. That just isn't good enough.
It is clear that the Left has been outed on this issue. The Left views taxation as punishment of success.
They view taxation as a means to 'get even'.
35 million spread out over 1000 people. There ya have it. Take it from the rightful owner and just 'give' it to 1,000 random people. Just just ....give it to them.
Oh what are ya worried.....The guy with 3.5 million has enough....
Yeah, sure. That's .....logic?

 

[LordBrownTrout]

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.

Haha, holy shit talk about taking me literally. I was giving a hypothetical situation that looked at giving tax breaks for one group versus another. I have to remind myself that this site is full of uneducated idiots.

You're not for taking someone's money? Isn't your hypothetical scenario villifying certain groups? Or, do you simply enjoy proffering such nonsense?

 

[The Rabbi]

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".

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 tun 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.

Why can't any of you lunatics make your case without arguing some extreme that no one is asking for. Probably because you have no other argument to make.

Because your post is flat-out stupid. Just like you. The arguments go whizzing above your head because your brain is like a black hole that no knowledge can penetrate.

 

[LordBrownTrout]

oh my gawd we are in trouble...!!!​

Yeah, we are!

 

[The Rabbi]

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

Sounds like confiscation to me.

Haha, holy shit talk about taking me literally. I was giving a hypothetical situation that looked at giving tax breaks for one group versus another. I have to remind myself that this site is full of uneducated idiots.

You're not for taking someone's money? Isn't your hypothetical scenario villifying certain groups? Or, do you simply enjoy proffering such nonsense?

No, see, on Planet Liberal "tax breaks" are free money. No one has to pay for them. So they aren't taking money from anyone.