Actually, “the Rich” Don’t “Create Jobs,” We Do
Demand creates jobs.
Not corporate tax cuts or decreased taxes on the wealthy. A 3-4% tax increase will not hurt job production, but a decrease in overall demand for products will. If the middle class, working class and the poor are unemployed and have markedly reduced paychecks and disposable income…demand for products is reduced. Ask any businessman worth his salt, that is not a partisan, and they will tell you that they hire more people if, and only if, the demand “demands” it. But the fact that some of you buy the Republican argument that tax cuts spur job creation, shows just how effective the right-wing is in propagating a meme that is not only false philosophically and economically but is also counter to common sense and counter to the formation of a strong middle class. Just because someone makes an “argument” doesn’t mean the argument is a legitimate one that needs to be weighed in a balanced discussion. Tax cuts do not create more jobs. Only increased demand will spur job creation.
And to a great extent, the Republicans have made a cottage industry of having the very people that are most hurt by “supply-side” or “trickle down” economics advocate for this position, politically.
Here is a recent typical example, Obama Touts Job-Killing Tax Plan, written by a “senior fellow at the Cato Institute and chairman of the Institute for Global Economic Growth,”
Some people, in their pursuit of profit, benefit their fellow humans by creating new or better goods and services, and then by employing others. We call such people entrepreneurs and productive workers.
Others are parasites who suck the blood and energy away from the productive. Such people are most often found in government.
Perhaps the most vivid description of what happens to a society where the parasites become so numerous and powerful that they destroy their productive hosts is Ayn Rand’s classic novel “Atlas Shrugged.” …
Producers and Parasites
The idea that there are producers and parasites as expressed in the example above has become a core philosophy of conservatives. They claim that wealthy people “produce” and are rich because they “produce.” The rest of us are “parasites” who suck blood and energy from the productive rich, by taxing them. In this belief system, We, the People are basically just “the help” who are otherwise in the way, and taxing the producers to pay for our “entitlements.” We “take money” from the producers through taxes, which are “redistributed” to the parasites. They repeat the slogan, “Taxes are theft,” and take the “money we earned” by “force” (i.e. government.)
Republican Speaker of the House John Boehner echoes this core philosophy of “producers” and “parasites,” saying yesterday,
“I believe raising taxes on the very people that we expect to reinvest in our economy and to hire people is the wrong idea,” he said. “For those people to give that money to the government…means it won’t get reinvested in our economy at a time when we’re trying to create jobs.”
“The very people” who “hire people” shouldn’t have to pay taxes because that money is then taken out of the productive economy and just given to the parasites — “the help” — meaning you and me… – Dave Johnson
- Dave Johnson: Actually, “The Rich” Don’t “Create Jobs,” We Do (huffingtonpost.com)
- Paul Ryan’s “Inverted Marxism” (crooksandliars.com)
- Who’s Shrugging Now?: A Post about Rep. Paul Ryan, Ayn Rand, and the GOP Path to Prosperity (jonathanturley.org)
- Pushing back against regressive taxes (dailykos.com)