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.
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.