As everyone in this country keeps blaming everyone else for our high unemployment rate, one assertion gets repeated so often that it is now regarded as fact:Rich people create jobs.
Specifically, the argument goes, entrepreneurs and investors create jobs.
So if we want to create more jobs, the argument continues, we need to cut taxes on entrepreneurs and investors--to increase their incentive to create jobs.
Now, I'm an entrepreneur, and Business Insider employs about 75 people, up from zero four years ago. So if this assertion were true, I'd happily espouse it. It would make me feel great, believing that I had created all those jobs. And it would make me feel perfectly justified in paying historically low tax rates. (After all, I created these jobs!). Read more....
Of course you are right! Poor people create jobs. They take their welfare and EITC and hire people to wait on them hand and foot. Obviously the rich with there investments that build companies don't create jobs. Any fool can see that...
ReplyDeleteU EVER GET A JOB FROM A P0000R BOY? ALL THIS ARTICLE DOES IS PUT ONE GROUP AGAINST ANOTHER. GO AFTER THOES DAMN BANKSTERS AND CONGRESS CRITTERS (GOVERNMENT) THAT'S THE BLAME!!!! BUY AU and AG, FOOD/WATER/GUNS etc.
ReplyDeleteTypical flapdoodle from the 99% know nothings that never created a single thing, at least something that does not get flushed down a toilet... if they are not crapping in public parks that is.
ReplyDeleteThis article is pretty stupid. I never had a boss to this date that was poor. Yeah, demand creates jobs. That is demand if it's backed with money.
ReplyDelete