No Mr. Romney, Rich People Do Not Create Jobs

I started my business with £50.

reply to post by detachedindividual

There-in lies the rub. There is no way that you could start a successful business in the US with $80 or so US dollars, unless you are insane. The liability insurance alone, would run into the thousands of dollars every year, and incorporating, taxes, record-keeping alone would double that, as recurring expenses. I did successfully start and run a business, and I did it right, by the book, and all I can say to you is "No way in the US could you do that, and sleep at night".

Originally posted by gladtobehere


Facts aside, how do you think jobs are created?

That's a good question. I'd like to know where these people think the jobs come from besides Uncle Sugar and Mc Donald's

I've never got a job from a poor person.

People belonging to the so-called upper class love to rail against 'class warfare' like its a bad thing. Seem that the only class warfare that's socially acceptable is when its the wealthy vs the working class.

If rich people don't create jobs then who does?

It certainly is not the people on Welfare..

Certainly is not the people standing in line for Obama Phones..

Certainly is not the start up mom & pop business.. Hell this is likely a two person operation after they sunk their life savings into getting off the ground.. If they fail it's game over.

Who else does that leave?

The Wealthy!


Don't be so naive.

reply to post by beezzer

Playing the "victim" card. If we're in this together, then everyone should be shouldering the tax burden, not just those with more money.

The middle class pays a higher percentage of their income in the form of taxes than the wealthy. So the tax burden lays heavier on them than it does on the wealthy. And please stop referring to the wealthy as successful the majority of them comes from inherited wealth they did nothing to earn it so they are in no way successful.

Originally posted by LightCraft
If rich people don't create jobs then who does?

It certainly is not the people on Welfare..

Certainly is not the people standing in line for Obama Phones..

Certainly is not the start up mom & pop business.. Hell this is likely a two person operation after they sunk their life savings into getting off the ground.. If they fail it's game over.

Who else does that leave?

The Wealthy!


Don't be so naive.

Most of the jobs are created by smaller companies and middle class operations. Don't be so naive do a little research.

reply to post by LightCraft


You're missing the point entirely. Yeah, these days the rich create a lot of jobs.. for overseas sweatshop workers. If we should revere and coddle the wealthy for being so awesome and employing the working class, then way are so many unemployed? Because its more cost effective for them to employ a dozen Chinese than half a dozen over here.

Honestly, if you don't see a problem with the way the elites are leading our society right down the crapper, then you're part of the problem.

The notion that only the wealthy create jobs and employ people is laughable at best and deliberately misleading at worst. I've worked for a few millionaires, and without fail each of them was an insufferable jackass. By contrast, my middle and upper-middle class employers have been, with a couple notable exceptions, decent people who actually give a damn about their employees.

Originally posted by beezzer
reply to post by Kokatsi

 

And do what? Loot? Steal? All I see is justification for taking something that hasn't been earned!

This obsession with people who have wealth (and they won't give it away, so lets take it!) astounds me.

What do you think the wealthy have done? They wrecked our economy for profit and have stolen over 700 billion from the taxpayers. They stole our money so why shouldn't we steal it back?

Originally posted by solidguy
I've never got a job from a poor person.

How do you know? Did every employer you have had provide you with financial statements?

I never really did understand the concept that rich people create jobs. Whatever money these people have to "create jobs", they get because they have customers. In a consumption based economy, it's the middle class that drives the consumption. AKA whatever money they have to create those jobs they got from the middle class by and large.

I don't get it. I really don't. The vast majority of these rich folks did NOT work for what they have. They were handed it on a silver platter by daddy and mommy. They don't deserve to pay 10 and 15% on their capital gains while that upper middle class employee of theirs pays twice that rate.

As for being jealous, how does that even matter? What does that have to do with anything at all? It still does not negate the fact that CEOs make 2 and 300 times their average worker, and you can argue until you're blue in the face, but no CEO works that much harder or has the much more talent. It still does not negate the fact that most of the people making money on capital gains are every bit as much leeches as the welfare queens.

If I'm a communist for trying to speak common sense, then so be it. But it's completely and utterly laughable to blabber about "welfare queens" taking your hard earned money when the biggest welfare queens on the planet are the ones running the show.

If the wealthy are over taxed and over regulated then they leave. If China floods the market with cheap steel or whatever then the company has to do something to stay in business.What needs to happen is Chinese goods need to have a tariff put on them so America can compete. Romney is correct when he says China is cheating. Clinton signed NAFTA into law which started the outsourcing of jobs. There needs to be some rules put into place on imported goods. Other countries tax the hell out of imported goods from America. We need to do the same.

If you've reall been reading you know there's a rush of jobs coming back into the US. I went for a closed factory tour in our town only to find all the for sale signs and construction being done on about 1/2 the places. 2 years there's going to be a jobs boom so whoever gets elected is going to get credit. The credit should go to the Chinese people that are demandinfg more money and losing their jobs to US

Originally posted by buster2010
reply to post by beezzer

 

Playing the "victim" card. If we're in this together, then everyone should be shouldering the tax burden, not just those with more money.

The middle class pays a higher percentage of their income in the form of taxes than the wealthy. So the tax burden lays heavier on them than it does on the wealthy. And please stop referring to the wealthy as successful the majority of them comes from inherited wealth they did nothing to earn it so they are in no way successful.

That is not true. The majority of the wealthy in the US are first generation.
www.fidelity.com... -investing/fidelity-2012-millionaire-outlook

Bill Gates started in his garage, Nicholas SParks was a salesman, etc, etc.

reply to post by MystikMushroom


The problems with trickle down economics can't be explained in a single or even many ATS posts. I think we need more non-liberal democrats. That particular party is dead. They've been killed off by the minority of pro-trickle down folks that label anyone a crybaby that even suggests our masters should have the same kinds of accountability that the common person has on a daily basis.

If people were good and just unleashed trickle down economics might work. I think we need to slow the speed of big business and corporatism. When I hear the numbers regarding outsourcing and how it has risen, that bothers me. It's only been four years yet the numbers have totally changed as if someone just packed up their chess board and set it up somewhere else.

I do not think business and economics should happen so quickly. In a free capitalist market a depression happens every so often. That would seem to suggest that having it speed up exponentially is a very bad idea.

keep in mind the amount of taxes the U.S extorts from individuals - corporations included.
to get companies back, the tax rate (the highest in the world) must be lowered.
and
the 80's did come back w/ trickle down economics, after the Carter years - trickle down government will never create any jobs - getting rid of regulations/taxes will.

Why do you even care this is stupid nothing will change anyways its like the difference between two types or crackers

Originally posted by beezzer
Why do people feel entitled to anything they didn't earn?

Many "wealthy" people started out working long hours with great risk to their financial security for years.

If the wealthy don't create jobs, I'm guessing that the answer would be government, yes?

If that's the case, then embrace big government. I, for one, will be working to make government accountable AND SMALLER.

Personal responsibility. Embrace it.

Beezzer, you are totaly correct on this issue.

Rich people is the only ones able to create jobs.
Because Poor people can't even handle their own economy.

reply to post by MystikMushroom

What other options should our country consider?

Thanks for this, OP, s/f.

What other options? Well, if not redistribution through taxing the ultra-rich, then limiting commerce to localities.

"Trickle down" only works if the employing rich are DEPENDENT on their workers. As long as they can find cheaper labor, thereby keeping more and more of their profits (which are NOT TAXED - capital gains are NOT TAXED appropriately) and sharing it NOT WITH THE WORKERS, but with INVESTORS (who are not doing the work, either), it fails.

That's why I think it got so out of control. The working classes don't have wealth to become INVESTORS. Their only contributions can be spending as consumers to survive, and using up life energy and time to do so. The wealthy don't work for their money, their money works for them. Therefore, they have NO CLUE what it is to WORK or how hopeless it feels to be in the rat race that feeds the wealthy and then distributes the profits to other people who can afford to invest.

If you have no extra money to "invest" after feeding and clothing and sheltering yourself and your dependents, you are OUT OF THE LOOP except as a slave. It's sickening.

For that reason, I would NEVER vote for a man like Romney who hasn't the foggiest notion of what it is to struggle or fear for one's ability to eat from day to day. He can't possibly know what it's really like, just like a childless graduate "case worker" for a struggling family can't know how it is to be a single parent struggling to survive and dependent on the system that lets them down at every turn.

This is who I want for a leader? Uh, no. Is this who will help everyone get back on their feet? No. He upsets my stomach. You want to be my leader? Then prove to me you lived like I do, EVER, and that you know what you're talking about. The man is a pariah.

reply to post by MystikMushroom


"we need to build a better mousetrap. We need to create something that the rest of the world will want, something that has lasting value and long-term job growth potential."

We did invent a better mouse trap.....one that works better than anything ever tried in the history of the world. One that the world wants and people try to get here from all over the world. Risking everything to get to America.

I don't see or hear of people trying to get into Cuba or Russia or China or any other country only the good ole U.S.of A.

You say that you have awesome ideas but will never be able to get them off the ground. "NO MONEY" Most of the richest men in the United States started with nothing out of their garages or basements.

If you have an idea quit your whining and get to work. The only thing stopping you from success is YOU.