Posted on 11/30/2013 11:16:07 AM PST by SeekAndFind
Wow so if I want to create a company that has the potential of creating a million jobs I won’t need any initial investors?? Yippee!!! Well I got $50 bucks on me, I could start a lemonade stand...
The author has engaged in the sophist argument that's easily understood as "chicken or the egg" in trying to establish an absolute first cause. That's why your comment, with its easily understood inverse logic, shows the author to be an economic moron.
“...healthy economic ecosystem — one in which most participants (especially the middle class) have plenty of money to spend.”
As if this simply materializes out of thin air.
“Basically, this guy had one career-making call back in 1998 that he parlayed into a Wall Street career that lasted two or three years. The firm he worked for blew itself up five or six years later.”
Like getting medical advice from a doctor who hurt his patients and lost his license.
Henry, “And it ignores the assertions of many investors and entrepreneurs (like me) that they would work just as hard to build companies even if taxes were higher”.
Hogwash. No laffer curve? If Henry is right we need to double taxes straight away and eliminate the debt.
Don’t forget you need to buy a licence from the city, state, whoever before you can open up, and be sure to collect sales tax! LOL.
LOL, a leftist criminal that got caught is trying to smear those that play by the rules and succeed in creating jobs and stable economic conditions, with his own excrement, and BI help
:) Nice.
Hey Henry, how the Hell can there be a healthy "economic ecosystem" with sky high taxes and oppressive regulation on businesses that causes the point of sale being out of reach for the "middle class?" Go back to giving tennis lessons, you were better suited.
Ok, so cut taxes on the middle class, so they have more money to spend.
Blodget is the CEO of Business Insider.
Well, that certainly explains a lot about BI!
Someone should ask Poindexter here if any poor person ever gave him a job.
If government could create wealth and jobs we would never have recessions. Unionism doesn’t create jobs either. No union ever has, ever can or ever will create a single job. Unionism doesn’t create wealth, it siphons it off.
flim flam drivel.
What’s he doing for work these days?
Managing his silver spoon “401k” his dad left him?
Huh... So let me see if I've got this straight... The 2 business partners who started a small computer sales and service business, who put up their homes and everything else they had as collateral weren't really responsible for creating any jobs... Let me see. When they first started, the company, it was the 2 of them, one other salesman, and one tech. As their sales and service sales increased they were able to hire an additional salesman and a receptionist/office manager. But the author doesn't think they created those 2 jobs? OK, fine.
As the business continues to grow, they needed another salesman, and they hired me as the second tech. I was unemployed at the time. So the author is saying that my job wasn't created by these 2 partners? Right... When I was hired on, total sales were about $30,000 a month, and they pretty much just gave away the service. But I had some UNIX and networking under my belt, and this was when Novell was really taking off. So they got me trained on Novell networking, and the company expanded even more...
Fast forward about 15 years. These 2 partners now own a company that has annual sales in excess of 45 million dollars a year, PLUS quite a bit in service. The office staff has expanded to 4 inside sales reps, and 5 outside reps, along with accounting/AR/AP staff of 4, 2 purchasing assitants, and 4 sales assistants.
The tech staff had expanded from the 2 of us to 4 bench techs to do the builds and to handle any service calls of people who brought their computers in for repairs. We had another inside laptop specialist, a Mac specialist, and a pinter specialist. And there were 5 of us field service/networking techs. Then there was a very lucrative contracting business, where we supplied techs to companies on long term contract. In fact, when a major financial institution needed a Novell networking specialist, the company contracted me out, at $100/hr, 40hrs/week, for 13 months. At one point, there were over 70 employees out on contract that never actually came in to the office. And we can't forget the Cisco CCIE on staff, for the serious networking. Then there was the service manager, and 2 service coordinators. And let's not forget the warehouse guy...
So these two partners didn't "create" those jobs?
At that point, a major, national computer VAR chain made an offer to buy out the 2 partners, and they had to give it a lot of thought, but eventually, they agreed, and sold the company. So, what did they do with the money they got from the sale? Well, they formed 2 more companies, AND STARTED HIRING PEOPLE!
So, if rich people do not create the jobs, what does?
Those 2 partners were certainly NOT rich, but every dollar they paid in taxes was a dollar they couldn't sink back into the business to expand it by, say... By creating a job by HIRING ANOTHER EMPLOYEE!
A healthy economic ecosystem — one in which most participants (especially the middle class) have plenty of money to spend.
Chicken & The Egg. The author is pretty dense, since you can't have money to spend if you don't have a job!
That's one of the reasons I got SO PISSED OFF when Barky made his infamous "you didn't build that" statement
Mark
Well, they create government jobs. The more people on welfare, the more bureaucrats are needed to administer the programs.
I recall reading an article a long time ago that stated that given the rate of bureaucratic growth in DC, eventually there would be a Dept of Agriculture worker for every American farmer!
Mark
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