The Rich Aren’t Job Creators

An article on the WSJ that throws the 'job creator' joke under the bus. Finally... I'm getting tired of hearing the Republicans spout that out whenever anyone suggests taxing the rich more... Oh I'm sorry, I mean't taxing the 'Job creators' more, because they're not doing anywhere near a decent job of creating said jobs...

“I’ve never been a ‘job creator,’ ” writes Nick Hanauer, who helped start several start-ups, including aQuantive, which was sold to Microsoft for $6.4 billion. “I can start a business based on a great idea and initially hire dozens or hundreds of people. But if no one can afford to buy what I have to sell, my business will soon fail and all those jobs will evaporate.”

It’s this “feedback loop” between mass consumers and businesses that creates jobs.

“When businesspeople take credit for creating jobs, it is like squirrels taking credit for creating evolution,” he writes. “In fact, it’s the other way around.”

The Rich Aren't Job Creators...

the rich are job creators. they create jobs in china, south korea, mexico, canada etc. anywhere but america.

I'd just like to note that in my many years in the work force, I never once worked for a business run or owned by poor people. I'd also tend to think the rich become richer by expanding their business and raising profits through that expansion. It seems to me that in considering that, job creation is at least a by product that can't help but come from the whole thing.

So...while I am sure the rich aren't starting new business (Or NOT starting...in the current climate) for the purpose of creating jobs, it's also fair to say that by their own actions in self interest, they ARE the job creators in the end.

Over-Taxing and Over-Regulating the Rich doesn't make them poorer...thats foolish to think. It just makes them get out of those things which cause more headaches than it's worth. Oh..like starting or even maintaining new business, which would have created those jobs we're taking about.

That is also what makes leaving the United States MORE attractive..not less so, since you mention it.

Maybe the're not, but they still have a better chance of creating jobs than poor people.

Yet, poor people still have a better chance of creating jobs than another Obama speech ever will.

No. Wealthy people are not job creators like the GOP makes them out to be. At least the ones that I've lived around for the last 15 years.

My family sits in that top 90%, yes they own their own business, but only employ 7 people.

Could they turn around and start a much larger company and 'create' a lot more jobs? Yes.

Will they? Hell no, they like their money and they like keeping it and spending it on their expensive toys.

Same goes for most everyone in the hoity toity rich neighborhood they live in. The only notable exceptions are the Harrah's and the Ascguaga's who own Hotel/Casinos and employ more than a handful of people.

reply to post by ArrowsNV


Yeah you said it. But you know, they are creating jobs.................. in China and India.

So you gonna vote for some jerk who gives incentives to send American Jobs overseas?

Me neither.

The only jobs that I've ever heard of rich people creating are when they invest in a chain franchise. You know, jobs that have pretty much everybody who works there making poverty level wages and people who've been there for 5 years making the same as brand new employees?

Most of the people that I've heard of who actually start businesses that create halfway decent jobs are middle and upper-middle class.

It is the owners who create the jobs.

The GOP seems to confuse rich people being in control of large corporations that create lots of job as "the rich create jobs". Yet again, it's ultimately the company owner who creates those jobs, and the company owner is shareholders, a great many of whom are not rich.

Originally posted by AnIntellectualRedneck
The GOP seems to confuse rich people being in control of large corporations that create lots of job as "the rich create jobs". Yet again, it's ultimately the company owner who creates those jobs, and the company owner is shareholders, a great many of whom are not rich.

Ding ding ding! We have a winner!

Exactly the point I was trying to make!

Originally posted by ArrowsNV
An article on the WSJ that throws the 'job creator' joke under the bus. Finally... I'm getting tired of hearing the Republicans spout that out whenever anyone suggests taxing the rich more... Oh I'm sorry, I mean't taxing the 'Job creators' more, because they're not doing anywhere near a decent job of creating said jobs...

“I’ve never been a ‘job creator,’ ” writes Nick Hanauer, who helped start several start-ups, including aQuantive, which was sold to Microsoft for $6.4 billion. “I can start a business based on a great idea and initially hire dozens or hundreds of people. But if no one can afford to buy what I have to sell, my business will soon fail and all those jobs will evaporate.”

It’s this “feedback loop” between mass consumers and businesses that creates jobs.

“When businesspeople take credit for creating jobs, it is like squirrels taking credit for creating evolution,” he writes. “In fact, it’s the other way around.”

The Rich Aren't Job Creators...

Agree
... Even more self-debt-enslavement... is when the 'Trilateralist'(CONspiracy... yep!)
... tell the $heeple that going out and $pending more debt FRN'$
... buying more 'made in China' products... (Buy the way
... the People's Republic THANX all USAers for their new nukes & D.U.M.B's)
helps the *AmericChina economy(we have no choice but to come together now)
... So... Can the smart ATSers say 'Digi-Money Mechanics'... *Edgar Cayce was right too
... Other ATSers... *GET A CLUE... before WW3 is reality... WAKE UP!!!
... made in Amer-I-cans of every race of people on earth now
... is its own worst paranoid enemy
... & Ur scaring Ur other bio-ship earthling brothers/sisters
... who are mostly YE-ALL too... into a WW3 Corner

Big firm comes to town under the agreement that they pay zero taxes. Theres even a fancy word for it, "tax abatement". Hay but they say they will hire 200 workers and the locals can collect tax from them! This ends up really not being much so to make up they allow all sorts of firms in to hire hundreds of tax payers.

What it is really is government subsidized industry by way of a tax exemption with the attraction on the pockets of the workers. Yea, your government and industry working together for the common good.

Hay and if the city dont like it the firm can always go to China. And if the workers dont like it the firm by way of the government will ship in folks from all over the world to take those jobs!

Any person who cannot see that a rich person is far, far more likely to own a business and/or employee people than a poor person, or a middle class person, is truely someone to be frightened of. Especially if they get elected to office.

reply to post by ArrowsNV


Really?

I bet you could get a job tomorrow at one of those "Rich" companies Wal-Mart and McDonalds.......

infact i bet my next paycheck you could do it in a heart beat at one of those.......


OOOOO wait.........you mean a job that you feel you deserve........

Sorry, I guess sometimes entitled people feel they are better then the lowly jobs at those places.......

Those who want jobs will get them........I challenge you to look at how many people those two companies employ

And then carry on with your rant............

You may not like them, and you may feel "above" that sort of work...........but my point still stands, compare their employment numbers to the bum on the side of the road, or Grandpas Nik Nak Emporium down the street......

All you have to do is look at the statistics to realize the entire "the rich are job creators" claim is complete and utter nonsense. Just look at those Bush tax cuts for the rich for example...since they were introduced (even before the crisis), unemployment actually INCREASED!

The figures don't lie, and they clearly prove that they are NOT the job creators the GOP tries so hard to paint them as

“I’ve never been a ‘job creator,’ ” writes Nick Hanauer, who helped start several start-ups, including aQuantive, which was sold to Microsoft for $6.4 billion. “I can start a business based on a great idea and initially hire dozens or hundreds of people. But if no one can afford to buy what I have to sell, my business will soon fail and all those jobs will evaporate.”

It’s this “feedback loop” between mass consumers and businesses that creates jobs.

“When businesspeople take credit for creating jobs, it is like squirrels taking credit for creating evolution,” he writes. “In fact, it’s the other way around.”

What a doofus. In the same paragraph this Einstein says "I've never been a job creator" and also says "initially hire dozens or hundreds of people."

I think we got it all wrong in thinking rich people create jobs, next time I'm looking for work, I'm heading to the nearest welfare office and pass our resumes to them people waiting in line, might pass out a few at the nearest homeless shelter to cover all the bases.

Originally posted by Carseller4

“I’ve never been a ‘job creator,’ ” writes Nick Hanauer, who helped start several start-ups, including aQuantive, which was sold to Microsoft for $6.4 billion. “I can start a business based on a great idea and initially hire dozens or hundreds of people. But if no one can afford to buy what I have to sell, my business will soon fail and all those jobs will evaporate.”

It’s this “feedback loop” between mass consumers and businesses that creates jobs.

“When businesspeople take credit for creating jobs, it is like squirrels taking credit for creating evolution,” he writes. “In fact, it’s the other way around.”

What a doofus. In the same paragraph this Einstein says "I've never been a job creator" and also says "initially hire dozens or hundreds of people."

I think we got it all wrong in thinking rich people create jobs, next time I'm looking for work, I'm heading to the nearest welfare office and pass our resumes to them people waiting in line, might pass out a few at the nearest homeless shelter to cover all the bases.

Oh, they are creating new jobs...overseas!!! Exxon for example has been receiving MASSIVE tax breaks, and often paid no taxes, yet they hired more people overseas and laid off people in the US at the same time.

And yeah, Walmart is hiring, and so is McD...but people working there are often part of the WORKING POORS. As in, they have a job, but the salary isn't enough to actually move above the poverty line. Before the crisis, 24% of Americans who worked didn't earn enough to actually move above the poverty line. That was BEFORE the crisis...how bad do you think it is now?

LINK

Again, the figures don't lie

Originally posted by MrXYZ
All you have to do is look at the statistics to realize the entire "the rich are job creators" claim is complete and utter nonsense. Just look at those Bush tax cuts for the rich for example...since they were introduced (even before the crisis), unemployment actually INCREASED!

The figures don't lie, and they clearly prove that they are NOT the job creators the GOP tries so hard to paint them as

This is fairly impossible to refute, but it doesn't have to do with the tax rate. And before I even get to that, corporate taxes and personal taxes are two different things.

Anyway, you could drop the corporate tax rate to zero and that still doesn't change the fact that you can throw a Chinaman a quarter and he'll make you 20,000 pairs of Air Jordans, so why would you keep your business here?

As for the tax cuts, I don't see how lowering personal income taxes is going to make more jobs.

I think the rich business people do create jobs.....when there is demand for whatever product or service they provide.

The problem is as technology and cheap foreign labor wiped out the need for certain jobs in the USA, people began losing jobs, people got scared, so they stopped buying. Strike 1.

Then the housing bubble burst and suddenly people's homes began to lose their value, their variable interest rates on their mortgages spiked, so again people got scared and stopped buying stuff. Strike 2.

Then people who had lost their jobs or got behind on their mortgages began using more credit cards, 401ks and savings to stay afloat, pretty soon that was maxed out and they couldn't pay off their debt, the banks got scared, began calling in everyone's debts, including business owners and SHTF. strike three....we are out.

We ( and by this i mean the majority of americans, but certaintly not all americans) have maxed ourselves out on every level, we have no disposable income to burn through anymore. So we stopped buying stuff, and every month we bought less, more people were laid off or fired, more businesses got worried and prices continued to go up which just created a snowball effect......

I know this is a simple explanation to a complex problem, and I am sure I have oversimplified it, but the whole things goes back to basic supply and demand.....there is no demand for stuff because people have no money to buy said stuff. Vicious cycle.

I watched this all unfold back in the early 2000s....it started small, and now it is just a big ugly monster of a problem, and it is going to take more than some fancy speeches and campaign promises to fix it.