Reid: Millionaires don't create jobs

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Fact Check: Harry Reid‘s Claim That ’Millionaire job Creators…Don’t Exist’ Thoroughly Debunked

Millionaire job creators are like unicorns. They’re impossible to find, and they don’t exist…Only a tiny fraction of people making more than a million dollars, probably less than 1 percent, are small business owners. And only a tiny fraction of that tiny fraction are traditional job creators…Most of these businesses are hedge fund managers or wealthy lawyers. They don’t do much hiring and they don’t need tax breaks.

http://www.theblaze.com/stories/fac...ob-creators…don’t-exist’-thoroughly-debunked/

this is as dumb as dixie's claim that bringing taxes back to clinton levels will cause the rich to work less in order to make less money
 
The Dude said:
Of course they don't, poor people do. I'm hard left and want to punch Harry in the face.
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If you were 'hard left', your stupidity alone would demand you agree with Harry as I'm sure Christiefan, Darla, Zappa and onecell will....

so maybe you're not a hard left as you think....
 
bravo said:
If you were 'hard left', your stupidity alone would demand you agree with Harry as I'm sure Christiefan, Darla, Zappa and onecell will....

so maybe you're not a hard left as you think....
Click to expand...
According to every test someone links I am. With the exceptions of being pro energy independent, pro investor, and anti giveaway which applies to wall street and unemployed hand out moron street.
 
[h=1]Simple Example Of Why 'Rich People' Don't Create Jobs[/h][h=2]MILLIONAIRE'S ISLAND: A[/h]
Henry Blodget|December 15, 2011|
16,846|http://www.justplainpolitics.com/#comments120

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An unspoiled wilderness with no poor people. Paradise! (wikipedia commons)

As everyone in this country keeps blaming everyone else for our high unemployment rate, one assertion gets repeated so often that it is now regarded as fact:
Rich people create jobs.
Specifically, the argument goes, entrepreneurs and investors create jobs.
So if we want to create more jobs, the argument continues, we need to cut taxes on entrepreneurs and investors--to increase their incentive to create jobs.
Now, I'm an entrepreneur, and Business Insider employs about 75 people, up from zero four years ago. So if this assertion were true, I'd happily espouse it. It would make me feel great, believing that I had created all those jobs. And it would make me feel perfectly justified in paying historically low tax rates. (After all, I created these jobs!).



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Unfortunately, as I explained in detail here, this assertion is wrong: Entrepreneurs and investors actually don't create jobs, at least not by themselves. What creates jobs is a healthy economic ecosystem, of which entrepreneurs and investors are only parts. The more important part of the job-creation engine is a huge base of people and companies with plentiful disposable income. Specifically, millions upon millions of customers with money to spend.
Without our generous readers and sponsors and dedicated team, all the jobs I "created" at BI would immediately cease to exist (including mine). I'm patient and determined, but I'm not Sisyphus. And our investors are good people, but they're also, justifiably, impatient (they, too, have clients to serve and jobs to keep). And I certainly couldn't produce BI by myself. So if BI hadn't quickly gained traction with readers and sponsors and hired a great team, my investors and I would have switched the lights off. And all those jobs would have gone "poof."
Without healthy customers, in other words, entrepreneurs and investors can create prototypes, or do R&D, but they can't create self-sustaining jobs. To create self-sustaining jobs, companies need to sell their products and services into a marketplace that 1) wants them, and 2) can afford them. The marketplace also needs laws, law-enforcement, property rights, transportation systems, resources, rules, and other attributes of healthy free-market economies that help companies and society function. Without all those things, entrepreneurs and investors can't create jack.




Read more: http://articles.businessinsider.com...-investors-jobs-property-rights#ixzz1hgz1MpoF​
 
Millionaires take jobs. They could've hired more people with the money they chose to instead stuff into their fat pockets. They chose not to.
 
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