Johnny Morales
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Fri Apr-22-11 03:37 AM
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| DEMAND, any type of DEMAND CREATES JOBS - Not the Rich nor the Corporations |
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People create a demand for food, clothing and shelter the same as anyone - that leads to entities trying to fill those needs and in doing so create jobs for people who will work to fill the need.
Merely being wealthy has NO additional impact on the level of demand and in fact too many wealthy people squelch demand, because as a small group their "demands" can be easily filled no matter how extravagant most of the time (things like demand for caviar are excluded). In other words 100 wealthy people can only eat so much, and only a fraction of what 100,000 people can. Thus meeting the food needs of 100,000 non-rich people will create many times the # of jobs meeting the food needs of 100 extremely wealthy people.
Being wealthy does NOT mean you are involved in any sort of manufacturing, innovation or problem solving activities that might create lots of jobs.
Only a fraction of the wealthy actually result from work done like that done by Bill Gates, Steve Jobs.
How many "jobs" do you think Donald Trump creates in his "mostly financially based" wealth vs. a vs. the jobs hard goods create?
It's a miniscule fraction of the jobs say created by making things.
Yet the vast majority of the extremely wealthy have their wealth involved in creating more money in the financial world, where unless you are a banker or trader there is NO need for you, and in that world there aren't that many in total financial types needed to keep it running smoothly racking up the billions, but MAKING VERY FEW JOBS.
It's time to put the nail in the coffin of the oft repeated lie - that the wealthy create jobs.
DEMAND CREATES JOBS, and any group the poor, the middle class and the wealthy all have demands. One thing is certain there is far greater demand created by large groups than small groups if they are allowed a FAIR SHARE of the wealth instead of letting the extremely wealthy sequester so much.
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