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

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

  1. busigator96
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    busigator96 Moderator

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    In a capital system you make money on debt (claim on future labor) and equities (ROI from the backs/minds of workers). Owners of these do NOTHING to contribute to the economy. Land (and resources from), labor, and entrepreneuship abilty are what allow rich people to become richer.
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  2. OklahomaGator
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    OklahomaGator VIP Member

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    I didn't say solely. Some of the things that you mention hurt as well.

    Look at the US auto industry, they sat on their hands and let the Japanese and Europeans get ahead of them in quality and innovation. The US auto industry had excellent wages, a trained workforce, and income equality. What did that get them? Toyota produced a better product and it kicked the US auto industry's a** for decades until they finally got back in the game. (all our company autos and trucks are Ford's btw).
  3. MichaelJoeWilliamson
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    MichaelJoeWilliamson Well-Known Member

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    Goodness. This kind of thing always amuses me. It is also a false premise.

    There was no demand for PCs until they were invented. There was no demand for calculators until they were invented. There was no demand for airplanes until they were invented.

    Then after those products were invented, they were so expensive, few people could afford them. But of course, there were countless entrepreneurs that found better and better ways to manufacture the above products, driving prices further and further down the curve, thereby increasing the number of people able to afford the products. Thereby increasing demand.

    Entrepreneurship has been the engine the drives a market economy. A market economy has done more to life human out of poverty than anything else.
  4. 108
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    108 Premium Member

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    But that's more of a failure of our domestic car manufactures, and not on a plateau of innovation itself within an industry, as seen by them starting to gain ground again
  5. 108
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    108 Premium Member

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    Untrue, the greatest demand that fuels are economy comes from need based products/services and outwards

    The things people need to buy everyday, whether rich or poor

    Shelter, Food, Transportation, Health Care, Insurance, and down the line

    http://money.cnn.com/interactive/news/economy/us-spending/

    When you have decaying economic conditions like we've had, the working class consumers are forced to reduce that net of what they consider necessary
  6. MichaelJoeWilliamson
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    MichaelJoeWilliamson Well-Known Member

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    Simply, and demonstrably not true.

    However, even if it is true, then it has been the entrepreneurs working in a market economy that has taken the demand for common goods and created situations where the wealth of humans is at an all time high, coupled with all the good that comes form that increase in wealth.
  7. 92gator
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    92gator Well-Known Member

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    This is so elementary, I have a hard time believing it has gotten as much play from the educated classes as it apparently has; it's a punchline to a mean-spirited joke.

    I'll answer the question with the same rhetorical question I always answer it with (back when Row 6 was charging with this stupid flag, then some other published new-libby):

    *********Did people suddenly stop wanting sh*t????***************

    Did folks globally, just spontaneously wake up sometime mid-late last decade, and just suddenly decide "...we don't like fancy stuff anymore!....we're going to settle for crap!"

    How do you increase demand?

    ...by increasing the consumers' ability to purchase.

    Demand will naturally follow.

    So...the real question then, is how do we increase consumer's ability to purchase?

    Begin, by rejecting liberalism.

    It is not a coincidence that every time, every damn where liberalism is attempted...

    ...demand just mysteriously takes a flipp'n nose dive.


    ****HINT: Folks with jobs tend to buy more stuff than folks without jobs.****
    Last edited: Dec 2, 2013
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  8. 92gator
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    92gator Well-Known Member

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    ....so let's just tax and regulate every business to death....then wonder where the hell *demand* went...

    LOL!

    Y'all just flippn' kill me...
  9. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    This isn't true, though. In fact, demand is what incited their respective invention.
  10. fredsanford
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    fredsanford VIP Member

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    When American companies start hiring Americans and paying them decent wages, this problem takes care of itself.

    It also takes care of the phony "47%" problem that doesn't really exist, whatever the real number is.
  11. chemgator
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    chemgator Well-Known Member

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    Yes, the problem takes care of itself. And then a new problem occurs. Many of the companies go bankrupt. And another problem occurs--costs for products sold by the companies that don't go bankrupt increase, eroding the purchasing power of the people you were trying to help. Then what do you do, smart-guy?

    This is why liberals are not smart enough to handle money. They do not seem to understand that money does not grow on trees. That companies, just like wealthy individuals, do not have endless supplies of money. And robbing the wealthy only goes so far towards improving the lives of the non-wealthy. And robbing people in general is not a smart policy, as sooner or later people get tired of being robbed and find ways to hide their money from robbers.

    What liberals, in their dimwittedness, seem to be saying is that all Americans have a RIGHT to be middle-classed, and America should not stop robbing people and organizations with money until all Americans have what is rightfully theirs.
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  12. Minister_of_Information
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    Minister_of_Information I'm your huckleberry Premium Member

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    Demand itself is a function of production, as without bilateral production no exchange can take place. And production requires concentrated capital, aka "the rich."
  13. chemgator
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    chemgator Well-Known Member

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    It is true that the rich spend a smaller percentage of their income on consumer goods than the poor. But the things they do buy are far more likely to be high-end toys like yachts or jets. This helps create an industry to support the manufacture of these things, which creates jobs. And the good thing about these jobs is that they create products that can be sold overseas, to other wealthy people. Exporting expensive products = importing cash. Cash imported into our economy is a good thing, especially when we are exporting so much cash to Saudi and China for oil and everything that China manufactures. What happens when you continue to buy things from other countries but don't sell to them? You eventually run out of money and have to print more. Printing too much money = inflation.

    That is what makes the banishment of luxury boat building in the U.S. under Clinton so embarrassing. People still bought yachts--but they bought them from other countries.

    So, if you want to continue to support Chinese manufacturing and Saudi oil drilling, keep on supporting handouts to the poor. They didn't need a job anyway.
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