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
Excellent personal example that shows just how big of a moron the author is. Since I used it to make a similar point up the thread, your chicken/egg comment is right on point, too.
Socialism is a form of institutional amnesia, in which propaganda is employed to destroy the link in people’s minds between ownership, on the one hand, and society’s recognition of valuable labor which caused society to recognize it with ownership (of, e.g., money or a business).The one certain thing about how businesses get built is that socialists don’t build them. Socialists are far too busy arrogating to themselves credit for work which they have not done, and have not the art to do even if they tried.