Thursday, February 20, 2014

Gleaning Facebook: Job Creators

There are so many who hold "The wealthy are the job creators" as sacred truth. It ain't. They are not. As the rich have gotten richer unemployment has grown. The real job creators are the "masses" who, if they have good incomes, create demand.

There were rich folks in the fifties and sixties too, but they supported to a much higher degree the society that rewards them so richly. That's fair. It allows for incentives for hard work and invention and entrepreneurship among the wealthy, but also rewards hard work among the lower and middle classes.



Howard Smith
Greed, pure and simple


Rob Friar
I call it the economic "sweet spot"...we were there in the 50's, somewhat in the '60s, and to a lesser extent in the '90s...but what kills me with the "job creator" bit is, folks who fall for that fail to look at what has happened each time the "cut the taxes on corporations so they can create jobs" path was chosen, the exact opposite has happened. Sure, they have more money, but jobs are actually lost instead of "created"...

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