George,

Trickle-down investments. The basic premise of this job creation argument is that anything that slows down capital investment, and thus (in theory) producing something which requires workers, will reduce unemployment, and thus in positive terms, create jobs.

This trickle-down variation has the advantage of making heroes and saviors out of those with a lot of money, rather than highlighting the demand that is necessary for investments that will produce profits.

The biggest spin benefit from this lies in ignoring that greater income equality and spending power will not only create demand, but more fairly distribute the wealth created by those who work, including inventive and entrepreneurial work in business and government, too.

Rich Collins

(Electronic mail, April 4, 2013)