Sorry, Folks, Rich People Actually Don't 'Create The Jobs'

Discussion in 'Too Hot for Swamp Gas' started by philnotfil, Nov 30, 2013.

  1. philnotfil
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    philnotfil Well-Known Member

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    Without demand, nothing happens.

    businessinsider.com

    How do we increase demand?
    Last edited: Nov 30, 2013
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  2. gatorman_07732
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    gatorman_07732 Well-Known Member

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    1) We don't have a healthy ecosystem right now
    2) Demand is a product by product and service by service scenario.
  3. DaveFla
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    DaveFla Well-Known Member

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    And how does the middle class get all that money to spend in order to create a healthy economic ecosystem?

    Pretty myoptic article. One would expect better analysis from "Business Insider" really.
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  4. HallGator
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    It's a symbiotic relationship. Each needing the other for long-term survival and health.
  5. g8orbill
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    cut the hell out of taxes and allow people to keep more of what they earn and they will spend it and that will drive the economy and that will create the need for more jobs
  6. philnotfil
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    philnotfil Well-Known Member

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    True and true.

    What solutions would you suggest to the problem of low demand for any product or service that you are familiar with?
  7. philnotfil
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    philnotfil Well-Known Member

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    From the article:
    It would seem that a part of the solution would be tax policies that don't reward the rich at the expense of the rest of us. I would have liked to have heard more possible solutions, but this was a solutions article, this was a "trying to get people to acknowledge that a particular set of solutions don't address the problem they claim to solve" article.

    Clearly the co-founder and CEO of Business Insider (that would be the author of the article) doesn't really know much about business?
  8. philnotfil
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    philnotfil Well-Known Member

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    Absolutely.

    From the article:
  9. gatorman_07732
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    gatorman_07732 Well-Known Member

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    I think above all right now we need healthier ecosystem on our hands right now. Unemployment has to go down first and foremost. I think a big part of this problem can be attributed to the healthcare legislation. I know there are going to be people here that don't want to hear that but it's 10,ooo lb. gorilla in the room. We may have reached a new normal n unemployment and if that's the case, don't look for anything to change anytime soon in terms of overall demand.
  10. philnotfil
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    philnotfil Well-Known Member

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    From the article:
    Cutting taxes on the rich doesn't actually do much to drive the economy. They already have more money than they can spend.

    Kind of perverse that what is best for our economy is incentivizing a lack of saving.
  11. philnotfil
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    philnotfil Well-Known Member

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    What leads you to believe that healthcare legislation is a big part of the unemployment problem?
  12. DaveFla
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    DaveFla Well-Known Member

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    Please define "extreme". It's obvious that the author either can't, or won't...

    There's really not enough fact in this opinion piece to determine if the author knows anything about business or not. For comparison, our president, the elected keeper of our Constitution, doesn't know squat about the constitution. Since when does a title suddenly mean that the holder is the undisputed, all-knowing, expert?

    The article wreaks of partisan politics....
  13. g8orbill
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    I THINK WE NEED TO CUT TAXES FOR THE 53% WHO PAY INCOME TAXES AND MAKE AT LEAST 25% OF THOSE WHO DON'T PAY INCOME TAXES PAY INCOME TAXES- of course I would prefer the Fair Tax or a flat tax
  14. philnotfil
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    philnotfil Well-Known Member

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    Which is interesting since the author, while a staunch fiscal conservative, takes a lot of shots at both the Democrats and Republicans in his writing. It's almost like he is more pragmatic than partisan.

    What in the article makes it seem partisan to you?
  15. philnotfil
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    philnotfil Well-Known Member

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    More than 25% of that 47% with no net federal income tax burden do in fact pay income taxes.

    But yes, the Fair Tax would be preferable to the abomination which is the current US tax code.
  16. JerseyGator01
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    JerseyGator01 Well-Known Member

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    The author is permanently banned from the securities industry per Wiki. I rest my case. Game, set, match ... again.

    Yep, he doesn't have a grudge against Wall Street. BWAHAHAHAHAHAHA!

    CORRUPTION RULES!!!!!
  17. sappanama
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    sappanama VIP Member

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    please define rich
  18. HallGator
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    Game, set, and match if you like ad Hominem arguments and have yet to address the topic. Which is exactly what has happened in your case.

  19. DaveFla
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    DaveFla Well-Known Member

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    The false assumptions, for starters...

    Is this guy a "conservative" like you are an "independent"? If so, I think we have found the problem.
  20. gatorman_07732
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    gatorman_07732 Well-Known Member

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    It's called overhead and the bit we were sold about cost containment is not true. Employers are as confused as everyone else right now and are waiting for the smoke to clear.
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