Skip to main content

The other side is deep in thought. All the time, they are in their tank thinking, thinking, thinking.

”What concept, term or catchphrase can we invent to get the poor to give us more money? How can we protect our piles and piles of money—and make more?

What can we call filthy rich people that won’t make them sound filthy or rich? Let’s call them ‘job creators’! Yes! After all, this makes them sound like they run businesses instead of sitting around the pool. We can pretend that if we just give them more money they’ll hire the unemployed.

But, rich people aren’t job creators. The people that create jobs are workers. Workers create jobs. And it’s time we helped our job creators create some jobs.

It grates on my nerves every time I hear some ’Publican on the tube talk about how raising taxes will hurt the “job creators”. Let’s think hard ourselves about this. Who creates jobs?

Here’s how it really works: A guy with an idea decides he needs work done in order to turn his idea into a reality. He goes begging to people with money and they loan it to him at exorbitant rates. Then he gets a facility and buys supplies and materials and advertises a job opening. If he’s lucky, a job creator (we call them “workers”) shows up and agrees to do the job. When that laborer agrees to do the work, that’s what creates the job. Until then, the guy with the idea doesn’t have a job. He only has a job opening. He has a job opportunity. He has a position. But he doesn’t have a job.

Once, I’d like to turn on the tube (which I actually get on the Intertubes these days) and hear someone from our side say:

We need to help the job creators. The government hasn’t done anything for job creators for thirty years. The workers are the job creators. When do they get their due?

It doesn’t take money to think. We don’t need our own think tanks. All we need is to look at what they say and tell the truth about it. John Hanley said, “The only way to make a difference is to look out there and tell the truth about what you see.”

The truth is that people with money don’t create jobs. The jobs come only when someone agrees to do the work. Talking as if the rich create jobs leaves out half of the equation. And, the factor on the other side of that equation is the 90% of people in this country that get their income from a paycheck.

And furthermore, as Jeremyzerbe points out in The Myth of Job Creation, no one is a job creator without demand:

Rich people … are simply the tools, not the catalyst. The catalyst that creates jobs is a basic principle of economics…. It's called supply and demand.

But the policy of the federal government is to ship wealth-producing jobs overseas and keep wages down. That’s why wages have dropped 8% since the 1970s while a quarter of our manufacturing jobs have been outsourced to other countries. That’s why you make less even through worker productivity has climbed 80% since then. That’s why unemployment is 0.9% higher than it was in the thirty years before 1978 (when manufacturing peaked). Almost one and a half million job creators are out of work simply because of bad economic policy, and Congress is at fault for that because Congress sets the terms of trade and determines policy on industrial direction, investment, and education.

The bottom line is that taxes are not too high. Incomes are too low. If you’re having problems paying your taxes, you need a raise. To help out the job creators we need much better economic and tax policy. We need to redress the trade imbalance and we need to make people in the top 1% pay their fair share. They have over 40% of the wealth. When are they going to be paying 40% of the costs?

Poll

Do you support the job creators?

100%3 votes
0%0 votes
0%0 votes
0%0 votes
0%0 votes
0%0 votes

| 3 votes | Vote | Results

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  Job Creation (1+ / 0-)
    Recommended by:
    Liberal Thinking

    A couple things that add for your frame of references. What creates tax revenue is not the tax rate, but the number of times money exchanges from one person to another. Person A buys something from Person B, Person B buys something from Person C with some of the money received from Person A, and so on. Seven or more exchanging of hands is a healthy economy and each time money exchanges hands the goverment in theory receives tax revenue.

    An unhealthy economy means money exchanges hands fewer than 7 times which means less tax revenue. This is where we are at right now with our US economy. It is a structural problem and if not changed the 50 States will cave in, so will the US.

    The past trade policies to ship jobs overseas was first established by Richard Nixon when he created the Overseas Private Investment Corporation (OPIC) Google them. They lend money to US and Foreign joint venture partners to build factories overseas. So were we are at today economically is no accident.

    Creating jobs is not as simplistic as you but it, but you have some of the right ideas. Cheers!

    •  It's a Bit More Complex Than That (0+ / 0-)

      You're right on that. But I only have so much space before I lose people's attention!

      In any case, when we started shipping jobs overseas we started the slide. A country without wealth-producing jobs soon runs out of money. Even without bad tax policy (which we certainly have) the economy has been losing traction since Nixon took over. Somehow progressives lost steam after the 1960s and never recovered it.

      We have to get back to firm economic policy soon or we will quickly slip from first place.

      Thanks for your comment and your pointer to the OPIC. It's a good lead.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site