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The Rich do not create jobs - Banned TED Talk

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The Rich do not create jobs - Banned TED Talk

Postby Charles » Sat Jul 21, 2012 4:49 pm

I've always believed that the 'trickle down' theory of economics is false. Everything trickles up.

Common sense economics and a focus on the obvious is what you'll find in this TED Talk which has not been shown through the group...


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Re: The Rich do not create jobs - Banned TED Talk

Postby skynet » Sat Jul 21, 2012 7:37 pm

"Since 1980 the share of the income for the top 1% of Americans has more than tripled."

"If it was true that lower taxes for the rich and more wealth for the wealthy led to job creation, today we would be drowning in jobs, and yet unemployment or under-employment is at record highs."

"Rich people do not create jobs. Jobs are a consequence of an ecosystemic feedback loop between customers and businesses and when the middle class thrives businesses grow and hire and owners profit."

"The true job creators are middle class consumers."

OK, so as there is no middle class anymore I guess that's why there's no jobs.
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