I've been cruising message boards for a decade and NEVER have I run across such an elaborate misconception of markets, innovation, risk capital, and technology all in one place. Congrats. Let's blow this thing up...
Sooo, seeing that we have had it your way for a long ass time, when do we get to try something else?
BTW, great job at not answering the question.
Wealthy people create wealth and jobs in many different ways. Personal wealth allows people to invest in ideas they like, or just think will be profitable, or even just for fun... That creates jobs and wealth.
Another way wealthy people create more wealth and jobs is by buying things that interest them, like one of a kind custom boats, cars, planes, musical interments, houses and so on... Things that a company would never make, things a company could never afford to push their limits on because there would otherwise be no profit in doing so and the overhead would kill that project.
The greatest example of wealthy people helping the US and world is in Healthcare, where rich people in America are by definition the reason why all other countries on planet earth are not currently using HC "solutions" that of a third world country of today. Wealthy people can afford to buy HC products that later become affordable by the middle class and lastly Governments around the world, after our poor have access to them. The US still produces something like 40% of the worlds new medicines and that number used to be much higher, before we became a welfare state. Lucky for all the other countries in the world that creating almost all meaningful drugs and surgeries ever discovered is not placed on their shoulders, the cost that our wealthy pay for development would have bankrupted all of these countries overnight, meaning it would have never been discovered.
The US, through wealthy people allows industries to create prototypes, build dreams and in the process offer the chance for others to become wealthy. Almost everything you own was once completely unaffordable by you, do you ever wonder how you own a TV that once would have costed you 10 thousand dollars but now get it for 500$? Or a phone that can play games, has voice recognition, has a HD of 100gig and plays movies in 3D? Here is a guess, it was not created by people on welfare for other people on welfare.
Wealthy people do not "create jobs". Jobs become necessary to fill when people become interested in buying a product.
Nope.. A THOUSAND people can SAY "Gee it would be nice if I had a map in my car that guided me exactly to my destination". But only a HANDFUL will have the talent, conviction, and risk tolerance to DO anything about it. To START -- you determine tech feasibility, competition, costing, AND as another component "market acceptance". How many can I sell? That's just part of the initial due diligience. Face it Lefty, YOU DON'T KNOW what kind of cardiac lab equipment you need. YOU DON'T KNOW what kind of Christmas toy is gonna be the rage this year.
You're jumping the gun here.. By a lot.. The first thing you have to do is find a champion to take the RISK of developing said product. NOBODY gets hired til the funding is in place. SOMEBODY has to beg and plead the case to Venture or Angel Capital or your Father in Law to get things rolling. Those would be those pesky evil INVESTORS you say have no bearing on the market.
THis USED to be the case when manufacturing required a lot a labor. Today, demand for a product just means more ships coming into LA from Asia and want ads in the ShenZhen Times.
Really? You got a janitor that can manage the 28 business units of Caterpillar and the 12 factories that they have worldwide employing 160,000 people? They make everything from shoes to giant 80 ton crawlers. You think Jane in reception is up to task of funding that? Want to have employees pay based on cash flow?
Without the investors -- there is no Caterpillar.
Correct -- you get that part. Make sure you understand -- there are gonna be far less jobs for the UNTALENTED in the future.
Just teachers? Like all Ethnic Studies grads? No -- what education is required is DICTATED by the market. ((If you objective is to have your students prosper -- otherwise, any ole teacher will do)) The talent that THIS MARKET needs is lacking in the STEM (science, tech, engineering, and math) fields. Those are the areas that LEAD innovation and job recovery. Other jobs follow.
In addition, in order to transport materials efficiently, etc, there needs to be a viable infrastructure in place. Roads need to be there, railroads, airports, etc etc.
Public Safety is needed to protect the company's assets, as well as firemen, insurance brokers, etc, etc.
All of these things are paid for by the taxpayers. All the taxpayers.
Not all the taxpayers pay EQUALLY however. And as witnessed by the dozen cities and counties at the edge of bankruptcy right now --
Remove the folks who DO pay -- and all that public service isn't neccessary anymore.
Taxpayers also can't afford to pay for TWICE that amount of public service. One retired road worker for every working one. With folks retiring at 80% at age 55.. THUS the point of the OP...
And all of these jobs are performed by "regular Joe" middle class and poor workers.
Therefore, to call investors "the job creators" is absurd.
Nope.. Regular joes play a role. A supporting role. They go home at 5PM, never have to spend their weekends flying and spending hotel time (unpaid). THey don't manage thousands of people and direct Millions of dollars everyday. THey don't even have to understand the thingamabob that they put the whoodidoodle on.
They don't have to 2nd mortgage their house to build their dream product. They don't have to answer to the folks they borrowed MIILLLIONS from to get the product made. They don't have to anticipate changes in the competition, the market, the LAW, or worry about hurting anyone with their product. If regular Joe wants to EMPLOY PEOPLE --- they better under the process.. And hopefully understand it a whole lot better than you do...