Someone should ask Poindexter here if any poor person ever gave him a job.
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
I consider anything that I do bother to read in BI with extreme skepticism as the editor in chief is a left winger.
Birds of a feather and all that.
FT is a non-Brit bashing view of the business and financial world.
Strange, in 50+ years working I never worked for any poor people, only rich ones.
The Walmart family bought GT40 sn 1075 right from the Ford Museum. Only car to win Le Mans twice.
I’d call that rich.
leftists deny logic and reality every time
The power of self-rationalization and justification of left-wingers is spellbinding. It doesn’t matter how many times it is proven to them, historically proven them, flesh and blood w/ human cost all around proven to them, that they and their cockamamie mindset are UTTERLY, 100%, destructively, miserably, bloodcurdlingly wrong, they go on beating their drumroll like a good jamboree man on mastas’ plantation and not listen. There is no way to get sucked into their arguments. They’ll never admit anythings. They are the living-deads.
Henry Ford who founded the car company did create jobs and became rich. His 3d & 4th generation descendants, who live off of trust funds of his original wealth, don’t create jobs. That is the difference this blogger doesn’t recognize.
Total bullish*t.
The top rates were higher in the past, but the income brackets were set so high that there were very few paying them.
Today there are far more people paying much greater percentage of their income than during the years of 'higher tax rates' the liberals love to cite.
yeah, i guess it's the EBT Nation buying all that stock then...I have been perusing the content on Business Insider because it appears to be referenced more often on Free Republic for a few months.
This Business Insider seems to be to purveyor of liberal opinion, not news. It seems to be ANYTHING except an inside view into business, unless one counts it as a liberal’s view on business.
From a perspective of a window into the liberal mind, it seems suitable (and who needs any MORE vile and putrid windows into the liberal mindset) but for anything else, why are we treating this as if it means anything?
I just don’t get why we are seeing it referenced more often. Is there something about this organization I don’t get?
A barf alert would have been helpful. Thanks to you I wasted a couple of minutes.
</sarc>
This article is just one more of a dreary string that makes me wonder why this site is featured so often on FR.
I enjoy the BI site. But it regularly contains Obama propaganda articles. Often full of lies or distortions As expected. You just have to skip those articles is all.