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The rich and jobs

February 16, 2014

A gentleman recently commented on a article of mine: “rich people and businesses don't create jobs, consumer demand creates jobs....

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(44)

GoBB62

Feb-16-14 12:55 AM

I saw the title & read the first paragraph and I thought "It's either Chuckie or Mannello."

But then I had a Hillary moment and said "What difference does it make?" They all drink the same kool-aid

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sideliner

Feb-16-14 6:22 AM

Well said, Tim. Well said.

If reduced taxes on the wealthy corporate interests generated job growth, we would not have seen recod unemployment. The Bush tax cuts were designed for job growth. But let me ask: Where in he ll are the jobs?

We have been waiting and waiting and waiting for those jobs. Reduced corporate tax rated did not, I repeat, did not create job growth. That is a myth perpetuated by special interest.

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Premier

Feb-16-14 6:34 AM

The passage of Obamacare is directly linked to job creation. Why do you think Obama keeps "moving the goal post" for businesses pass the upcoming elections. The ACA is a job killer just like the Republicans said it would be and now the Democrats are saying the same thing and running scared.

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gavinf56

Feb-16-14 6:53 AM

"Reduced corporate tax rated did not, I repeat, did not create job growth. That is a myth perpetuated by special interest." - sideliner

The corporate tax rate has been at 35% since 1993. Perhaps that's why you haven't seen that job creation.

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MrShaman

Feb-16-14 6:57 AM

"What we need for job creation is not more tax cuts for the rich to stash away, but more money for consumers to buy and spend and thereby make the richer, richer." - Tim Mannello

*

You're EXACTLY right!!! Now, we "only" need to merge that concept with the 1%ers'/high-roller$' preference for ZERO minimum-wage!!!

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MrShaman

Feb-16-14 7:08 AM

"The ACA is a job killer just like the Republicans said it would be and now the Democrats are saying the same thing and running scared." - Premier

*

That (excess) CO2, in your bunker, appears to be negatively-impacting your cognitive (or, quite possibly, reading) abilities.

*

"Now that the Congressional Budget Office has explicitly denied saying that Obamacare destroys jobs, some (though by no means all) Republicans have stopped lying about that issue and turned to a different argument. O.K., they concede, any reduction in working hours because of health reform will be a voluntary choice by the workers themselves — but it’s still a bad thing because, as Representative Paul Ryan puts it, they’ll lose “the dignity of work.”

So let’s talk about what that means in 21st-century America."

See:

Inequality, Dignity and Freedom - NYTimes

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MrShaman

Feb-16-14 7:10 AM

"I saw the title & read the first paragraph and I thought "It's either Chuckie or Mannello." - GoBB62

*

Too-many "big"-words, for you, huh??

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eriklatranyi

Feb-16-14 7:12 AM

If the ACA does not harm jobs, why the delays in getting it implemented?

Why use the power of the IRS to forbid large companies from reporting layoffs are associated with the ACA?

If gov't spending, more regulation and tax increases fuel the economy, why has this been the worst economic recovery in the history of this nation?

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sideliner

Feb-16-14 7:32 AM

35% may be true but the "effective" rate in 2011 fell to somewhere around 12%- the lowest since before WWI. So, yeah... it looks like they are taxed to the hilt, but what they really pay is far below what you believe they.

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enigma

Feb-16-14 7:32 AM

"What we need for job creation is not more tax cuts for the rich to stash away, but more money for consumers to buy and spend and thereby make the richer, richer."

And where will that money for consumers come from Tim? Are we just going to print it or borrow it from China? What a simple minded view of economics. The truth is that you can't consume what has not been produced and if what is produced is never consumed, production will stop. They depend on each other and that's why we have economic cycles. The undeniable fact is that if you pay people to not produce you will have less production and that will result in less consumption. The economy is not based on money, it is based on production it is only measured in money. Only working people produce, therefore paying people who are not working hurts the economy and inflates the currency.

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MimLogue

Feb-16-14 7:33 AM

Not the first time we cleaned out a house where we had to throw the people out because of non payment of rent. New boxes from more then 1 300$ game systems, discarded toys, clothes, shoes, dirty appliances discarded but no money to pay rent? I dont get it? People are spending not enough for corporate America thats why we have to democratize the rest of the world to open up new markets of stupid consumers.

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MimLogue

Feb-16-14 7:36 AM

We have 3 of everything, Go to the transfer station daily you could build a house and furnish it in a week.

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0futm2

Feb-16-14 7:53 AM

When government confiscates more than 50% of the consumer's earnings to fund nonproductive voters it doesn't leave much to spend on products.

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GoBB62

Feb-16-14 7:54 AM

"I saw the title & read the first paragraph and I thought "It's either Chuckie or Mannello." - GoBB62

"Too-many "big"-words, for you, huh??" - sham

My comment was meant to imply that you (so-called) "progressives" all sound the same. You don't even think about what you're saying. You just all march in lockstep without an inkling of independent thought.

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farmer

Feb-16-14 8:10 AM

GoBB62: "My comment was meant to imply that you (so-called) "progressives" all sound the same. You don't even think about what you're saying."

Agree with him or not, to suggest the Mr. Mannello did not put a considerable amount of thought into this letter is just babble. I wish more people here would put some thought into their comments. Liberal and/or Conservative.

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gavinf56

Feb-16-14 8:24 AM

35% may be true but the "effective" rate in 2011 fell to somewhere around 12%- the lowest since before WWI. So, yeah... it looks like they are taxed to the hilt, but what they really pay is far below what you believe they." - sideliner

The company I work for paid over $250 million in federal taxes last year. 35% of their profits. Parse as you want, it's still 35%.

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CMReeder

Feb-16-14 8:29 AM

Another excellent letter from Tim.

I would like to note that enigma did not chastise GoBB62 for their comment That after reading the title and first few lines that the letter must be from me or Tim.

You owe Kelaine an apology enigma and I owe you none. Your inaction here proved me right about you.

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spike2

Feb-16-14 8:38 AM

As GoBB62 chortled at his own snappy retort......

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Premier

Feb-16-14 10:05 AM

Wow, now the liberals want someone to apologize for another posters comment. Again WOW!

Now we have to have apology redistribution. You can't make this stuff up!

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underwood

Feb-16-14 10:35 AM

What we need is for government to take less out of the economy so there’s more left for job and business creation. It takes a healthy economy to create jobs and the prospect of a healthy economy looks bleaker as time goes on.

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Capricorn1

Feb-16-14 10:35 AM

I would like to note that enigma did not chastise GoBB62 for their comment That after reading the title and first few lines that the letter must be from me or Tim.

You owe Kelaine an apology enigma and I owe you none. Your inaction here proved me right about you. -Enigma

This is beginning to sound like a schoolyard fight between all involved. Perhaps if we all try and be more respectful, no one would need to apologize. Just a thought.

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Capricorn1

Feb-16-14 10:38 AM

Phil, I agree. Until this country makes it more attractive for businesses and manufacturing to return to this country, service jobs are going to be the bulk of employment. And that will take government and unions working together.

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underwood

Feb-16-14 11:22 AM

Cap, the only jobs government produces are government jobs and that takes ever more from the economy. The economy won’t recover until the cost of government and it’s regulation of the economy is reversed.

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Scott36

Feb-16-14 11:39 AM

Cap, the only jobs government produces are government jobs and that takes ever more from the economy.-underwood

What about schools, bridges, and much more. They are built with government people??-Scott

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Capricorn1

Feb-16-14 11:39 AM

Phil, I guess I should have been more clear. I wasn't suggesting government create jobs, I meant that government needs to do their part by relaxing restraints that contributed to manufacturing leaving in the first place. Just as unions need to work with these businesses to make moving back to this country cost effective. This doesn't mean working for nothing. It means working for a fair wage and benefits and not thinking you should be able to get rich for entry level or low skilled jobs.

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