Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Actually, "the Rich" Don't "Create Jobs," We Do

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-11 02:21 PM
Original message
Actually, "the Rich" Don't "Create Jobs," We Do
You hear it again and again, variation after variation on a core message: if you tax rich people it kills jobs. You hear about "job-killing tax hikes," or that "taxing the rich hurts jobs," "taxes kill jobs," "taxes take money out of the economy, "if you tax the rich they won't be able to provide jobs." ... on and on it goes. So do we really depend on "the rich" to "create" jobs? Or do jobs get created when they fill a need?

http://www.truthout.org/actually-rich-dont-create-jobs-we-do/1305380742
Printer Friendly | Permalink |  | Top
geckosfeet Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-11 02:22 PM
Response to Original message
1. rec'd it earlier, rec'ing it again
Edited on Sat May-14-11 02:33 PM by geckosfeet
Actually, "the Rich" Don't "Create Jobs," We Do

In a de­moc­ra­cy the rich are sup­posed to pay more to cover th­ings like build­ing and main­tain­ing the roads and schools be­cause these are the th­ings that en­able their wealth. They ac­tual­ly do use the roads and schools more be­cause the roads en­able their busines­ses to pro­sp­er and the schools pro­vide educated em­ployees. But it isn't just that the rich use roads more, it is that every­one has a right to use roads and a right to trans­por­ta­tion be­cause we are a de­moc­ra­cy and every­one has the same rights. And as a citiz­en in a de­moc­ra­cy you have an ob­liga­tion to pay your share for that.

A de­moc­ra­cy is sup­posed have a pro­gres­sive tax struc­ture that is in pro­por­tion to the means to pay. We do this be­causethose who get more from the sys­tem do so be­cause the de­moc­ratic sys­tem of­f­ers them that ab­il­ity. Their wealth is be­cause of our sys­tem and therefore they owe back to the sys­tem in pro­por­tion. (Plus, his­to­ry has taught the les­son that great wealth op­poses de­moc­ra­cy, so de­moc­ra­cy must op­pose the ac­cumula­tion of great, dis­propor­tion­al wealth. In other words, part of the contra­ct of li­v­ing in a de­moc­ra­cy is your ob­liga­tion to pro­tect the de­moc­ra­cy and high taxes at the top is one of those pro­tec­tions.)
Printer Friendly | Permalink |  | Top
 
Buzz Clik Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-11 02:22 PM
Response to Original message
2. ..
Printer Friendly | Permalink |  | Top
 
liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-11 02:23 PM
Response to Reply #2
3. Thanks I was just abou to do that
Edited on Sat May-14-11 02:23 PM by liberal N proud
Missed the original post
Printer Friendly | Permalink |  | Top
 
dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-11 02:27 PM
Response to Original message
4. So we don't have a need then? Well I guess it's game over.
Printer Friendly | Permalink |  | Top
 
Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-11 02:28 PM
Response to Original message
5. Republican dogma says the economy works from the top down
and they have never changed this dogma and it's just as wrong now as it was in the days of the Robber Barons and before and during the early years of the Great Depression.

I'm sick of reading Republican economic boilerplate on this forum. Thank you for posting this. Demand creates jobs. Once a demand is identified, investment will be made to satisfy it. Investment doesn't create demand and never will although the increasing amount of time on broadcast TV devoted to commercials means they never stop trying.
Printer Friendly | Permalink |  | Top
 
cantbeserious Donating Member (270 posts) Send PM | Profile | Ignore Sat May-14-11 02:37 PM
Response to Reply #5
7. 60% to 70% Of All US Economic Activity Is Consumer Driven - Consumers Create Jobs - Not Republicans
eom
Printer Friendly | Permalink |  | Top
 
Harmony Blue Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-11 03:16 PM
Response to Reply #7
11. Absolutely!
When will Americans accept this reality instead of the narrative set up by the Republicans?
Printer Friendly | Permalink |  | Top
 
Mz Pip Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-11 02:28 PM
Response to Original message
6. Some do, some don't
I think the rich who do create jobs probably have all kinds of tax breaks, write-offs and incentives. The ones who are just rich and just sit on their money shouldn't have any problem with paying an addition 3% over whatever inciome they have over $250,000.
Printer Friendly | Permalink |  | Top
 
starroute Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-11 03:00 PM
Response to Reply #6
8. Even the rich who invest don't "create" jobs
You will never see a wealthy person or business owner saying, "Gee, I'm earning more money than I need. I think I'll hire some more employees."

Every additional person who is hired is added because the employer believes there is untapped demand for their product that they can take advantage of by expanding their operations. Period.

It's true that some wealthy people would rather put their money into derivatives and other get-rich-quick schemes than into business expansion -- so there is a moral difference. But even those who invest in expansion could not do so if the consumers weren't ready and able to buy their product.

Printer Friendly | Permalink |  | Top
 
Gregorian Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-11 03:01 PM
Response to Original message
9. It has nothing to do with wealth. A janitor at my dad's workplace invented the flexible straw.
Ebay was code written by some young guy. He wasn't wealthy.


As someone who has been involved in creating products, and a business, I can say that the people with the ideas are the ones who open the door for production. The workers are the ones who facilitate the manufacturing and production. They're all important. Without the idea, nothing happens. Without the workers, very little to nothing can happen. They have the expertise in each arena.

I think the one thing that can be generalized upon is that if those in power are greedy, really bad things can happen.
Printer Friendly | Permalink |  | Top
 
soupkitchen Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-11 03:15 PM
Response to Original message
10. Think of it as a lava lamp economy, not a trickle down economy
The more money that flows to the bottom will invariably flow back to the top.

That was the genius of the post-war American economy.

We more or less had it right, but the urge to destroy, destroy the economy, the society, the planet, their fellow citizens, but basically destroy themselves (for history teaches us the end game of inequality is destruction of the ruling class) makes it so they can stop themselves.

Stupid, stupid people impoverished by their riches. Thinking, as one of the Gailbraiths facetiously put it: the problem in America is that the rich don't have enough money while the poor have too much.

Social stability is so much more cost effiecent and sustainably profitable than economic chaos. Share the wealth and sleep well at night. Or, ignore history and find out one day that mercy can not be purchased at any cost.







Printer Friendly | Permalink |  | Top
 
rfranklin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-11 03:43 PM
Response to Original message
12. Actually the fewer people they have to employ the happier they are...
because every worker is an expense, a drain on their bottom line. They would rather beat the workers they have until they drop dead in the harness because, as we all know, the workers never really work that hard, they're always slacking.
Printer Friendly | Permalink |  | Top
 
unblock Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-11 03:49 PM
Response to Original message
13. at best, rich people provide the seed money to get a hiring business started, HOPING FOR A PROFIT
but the ongoing wages of employees, as well as the profit for the rich people are paid BY CONSUMERS (and/or businesses passing on consumers' money).

Printer Friendly | Permalink |  | Top
 
FarLeftFist Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-11 03:51 PM
Response to Original message
14. Actually the rich don't "PRODUCE" anything, WE DO!
I love how the RW is always talking about "producers" and "non-producers" when in reality, the NON-PRODUCERS are the billionaire CEOs who just push around paper all day while trying to sleep with their secretaries. Meanwhile, the PRODUCERS are the ones working on the factory floor and being constantly threatened with lay-offs, slashed benefits, and pay cuts.
Printer Friendly | Permalink |  | Top
 
Lucky Luciano Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-11 04:08 PM
Response to Reply #14
16. Pushing papers to you is the strategizing to optimize profits.
Some of the CEOs are more clever than others, so they do some things clearly. Do they get their hands dirty? No. Are they moral? Likely not. They are good generals though in their battles. In other words, I doubt the vast majority of people have the management capabilities to run a large business.
Printer Friendly | Permalink |  | Top
 
Zax2me Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-11 03:52 PM
Response to Original message
15. The people create everything - except poverty.
see the rich for that.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sun May 12th 2024, 05:23 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC