DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Rich People Don't Create Jobs (Economics)

**sXVUOUVC** · 05-19-2012, 03:16 AM

To do that you'd have have to manufacture facts and invent graphs that make the opposite point because there aren't any which do that.

So you automatically assume no counter evidence could possibly exist and it would have to be made up. Not a good way to start a constructive argument. Finance arguments have been doing this for years. One side states one thing, with supporting facts, and someone else says something else, also with supporting facts.

Company owners don't do either of that, companies don't hire employees for hiring's sake. Like he said it's the last resort they take when the demand from the consumers demands it. So actually, it's not the company owner who has just hired some people on the whim but it's the consumers themselves which actually push the company to hire more people to satisfy that same demand.

What he is saying is that the best way to improve the economy is to have more equality because it creates more consumer demand and that in turn enables companies to make even more money. It's a circle which depends on consumer demand. I know they don't do that. My point is, most companies will try to maintain their profit margins by only hiring the minimum amount of employees at the cheapest wages they can get away with. This is a problem because the flow of money through profit is going to a few people and not back into the economy. His speech was trying to place the responsibility solely on the relation between the consumer and the business when I am offering a counterpoint that the rich / company owners can have a hand in boosting the economy by taking the extra money, well beyond what they need, and putting it back into the economy rather then hording it.

You have to have money flowing through the economy for it to grow. Where do you think the majority of the money is?

Now don't get me wrong, a lot of what he says I do agree with. I only have an issue with him saying it's completely the responsibility of the consumer to fix the economy and that the people with the majority of the money have no responsibility in helping the economy.

05-19-2012, 03:16 AM	#7
sXVUOUVC Join Date Oct 2005 Posts 346 Senior Member	To do that you'd have have to manufacture facts and invent graphs that make the opposite point because there aren't any which do that. So you automatically assume no counter evidence could possibly exist and it would have to be made up. Not a good way to start a constructive argument. Finance arguments have been doing this for years. One side states one thing, with supporting facts, and someone else says something else, also with supporting facts. Company owners don't do either of that, companies don't hire employees for hiring's sake. Like he said it's the last resort they take when the demand from the consumers demands it. So actually, it's not the company owner who has just hired some people on the whim but it's the consumers themselves which actually push the company to hire more people to satisfy that same demand. What he is saying is that the best way to improve the economy is to have more equality because it creates more consumer demand and that in turn enables companies to make even more money. It's a circle which depends on consumer demand. I know they don't do that. My point is, most companies will try to maintain their profit margins by only hiring the minimum amount of employees at the cheapest wages they can get away with. This is a problem because the flow of money through profit is going to a few people and not back into the economy. His speech was trying to place the responsibility solely on the relation between the consumer and the business when I am offering a counterpoint that the rich / company owners can have a hand in boosting the economy by taking the extra money, well beyond what they need, and putting it back into the economy rather then hording it. You have to have money flowing through the economy for it to grow. Where do you think the majority of the money is? Now don't get me wrong, a lot of what he says I do agree with. I only have an issue with him saying it's completely the responsibility of the consumer to fix the economy and that the people with the majority of the money have no responsibility in helping the economy.
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