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The 'stimulus' spending binge, excessive government regulations, and our overwhelming debt continue to hold back job creators around our country. Tax hikes on families and job creators would only make things worse.-- Rep. John Boehner (R-Ohio), July 8, 2011. Politicians talk a lot about the Job Creators: Don't punish the job creators by raising the top marginal tax rate. Don't kill jobs with punitive government regulation. Most of the time, job creation is a response to demand--people get hired because they are needed. Demand increases because people need products and services and can pay for them. It doesn't seem to follow that protecting the wealthy from taxation and regulation will expand the ability of the rest of us to pay for stuff. If you can explain this, please let me know. Sam Walton and his brother Bob were extremely good at managing a retail store chain. They created an entity that today employs about 2,000,000 people (many of these are not newly-created jobs, but jobs that would otherwise be in some smaller retail outlet no longer in business). Sam and Bob are dead, and their direct heirs control upwards of an eighth of a trillion dollars, according to Forbes Magazine's recent listing. That's 16 or 18 people with a cumulative net worth equal to that of approximately 100,000,000 Americans at the opposite end of the chart. And they create a mere handful of jobs in their service and in their philanthropies. (Dave Sagarin, April 3, 2013)
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