Interesting article here: Finally, A Rich American Destroys The Fiction That Rich People Create The Jobs
one argument has been repeated so often that many people now regard it as fact: |
Rich people create jobs.
Specifically, entrepreneurs, when incented by low taxes, build companies and create millions of jobs.
But now a super-rich and super-successful American has explained the most important reason the theory is absurd, while calling for higher taxes on himself and people like him. |
The most important reason the theory that "rich people create the jobs" is absurd, argues Nick Hanauer, the founder of online advertising company aQuantive, which Microsoft bought for $6.4 billion, is that rich people do not create jobs, even if they found and build companies that eventually employ thousands of people.
What creates the jobs, Hanauer astutely observes, is the company's customers.
I don't work in an investment bank anymore (Finished last week) so I could be really fickle and completely switch sides as I'm now officially unemployed (not in a contract). I'm not going to though
I think we need to start looking beyond the extremes and polarities. My stance stays the same as it has been for a while now. I believe that change is needed and that change should come from educating and enabling people to make the changes from inside the current 'system'