Why does this go forever unchallenged? Truly, what’s the real deal breakdown on these wealthy people who supposedly create all these jobs for us plain folk? I need a job, where’s my wealthy job creator, I need an address.
How many of these nameless wealthy people needing tax breaks inherited their wealth, never worked for it, never actually built a company with employees, just had it transferred to them at the reading? Maybe changed brokers; the end.
How many of these oh so vital job creators don’t even get their income from any kind of tangible business source at all but live, very well thank you, off of stock piled dollars, money making money? Making money off of money in and of itself does not create jobs but it does grow personal wealth. One does not invest in order to create jobs, one invests to net a return, the gain or loss of jobs is irrelevant. Not illegal but not job creation either, and certainly not noble.
Seriously, how many of these so called job creators have sought out and invested in start-ups that do employ people but are both risky and often don’t pay out anything for years if at all? And even when these investments are made, how many are initially calculated as losses to offset tax liabilities?
If republicans are going to constantly refer to wealthy people as the job creators then these wealthy people need to be thrown into a spreadsheet . . . . break it down for us plain folk, slap a pie chart on it, show us the money, where it came from, where it went and who got a god damn job out of it.
And the progressives and the media need to quit letting this job creators propaganda slide by day after day unchallenged, demanding no proof. Where’s the fact checking? The legitimacy of the job creators argument is paramount in the tax/budget debate being shoveled at the electorate.
Footnote:
How many years has Romney benefited from capital gains tax breaks?
When was the last year Romney started a company that created jobs?
Power to the People
Port Tack 
Uncertainty My Ass
19 OctThere’s a nasty myth being promoted by the right wing, being heavily circulated and co-signed by the media, and going undisputed by elected democrats.
This is the myth that businesses are hoarding dollars on their Balance Sheets and refusing to hire because the poor darlings are wrought with uncertainty about the economy. Pure crap.
First, with regard to the campaigns: both republicans and democrats have been falling all over each other with vows to maintain or exceed existing aids for businesses (such as tax breaks) and promises to create additional ones (such as reduced or revised regulations). Assurances that businesses are held as a protected class abound and are well advertised. By all, businesses are currently being touted as the very saviors of the America way of life. A business owner, big or small, would have to be brain dead to have missed these positive and well disseminated pledges.
Second where’s the need, just for example, to make capital expenditures when the margin can simply be grown by squeezing the workforce? This is not just people being replaced by automated machinery or computers, this is people being laid off in droves and the remaining work force made to do their work too with no additional compensation; doing it just for the privilege of remaining employed (for now). Albeit lazy, this is hardly a revolutionary approach to growing margin and collecting bonus. Laying people off is a hell of lot easier than hustling market share . . . . margin remains steady or even increases, where’s the uncertainty in that?
This “uncertain economic future” ruse has been cultivated to both explain away increased profits while keeping the work force in a constant state of gratitude for having even the crappiest jobs. Workers are afraid to take sick days, afraid to take vacation days, afraid to take lunch hours, and above all, afraid to complain about anything. Hoorah.
Power to the People
Tags: Balance Sheets, business, capitalism, politics, progressive commentary, the economy