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Post by X factor on Nov 16, 2013 16:38:59 GMT -5
This guy, who is wealthy himself, and would know...brings up some very very very valid points...
Just try to listen to what the guy says, presents, without injecting politics into it.
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Post by X factor on Nov 16, 2013 17:17:08 GMT -5
A few points I got from his presentation...
1. 1 wealthy persons buying power, cannot make up for the collective buying power of 10's of millions of consumers.
Collectively, it's the 10's of millions of consumers, who have more buying power than one wealthy person, thus create demand for a product or products, thus force companies to increase production, hire more people.
So like the guy says...it's consumers who collectively create the rich...create jobs...
But the rich, certainly don't create the consumer or jobs...not enough that would matter.
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Post by X factor on Nov 16, 2013 17:21:23 GMT -5
I've worked for many companies, corperations...(even McDonalds is a corporation)...but I've never once had a wealthy person pay me money directly out of their own personal checking account.
The money comes from funds generated by consumers sales...not from some generous wealthy person who just wants to share his wealth...
So again...not sure how this myth began that 'The wealthy create jobs'...but the guy In the video explains it in a much more clarifying way.
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Post by X factor on Oct 24, 2015 21:34:02 GMT -5
I'd also like to add it's the labor of the working class that creates wealth for their employers, not the other way around.
Consumers and low labor costs, is what allows wealth to be created for a select few.
But the select few don't create wealth for many others.
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Post by X factor on Jul 17, 2022 14:51:31 GMT -5
I will say this, no wealthy person has ever hired me, corporations have, maybe some LLC's have, but never has a single wealthy person ever hired me and paid me directly from their own checking account.
I think that only happens if a babysitter or like a maid or butler.
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