Proglodytes suck at economics and metaphors

[SSG Snuggle Bunny]

applegrove (64,051 posts)

"Sorry, Folks, Rich People Don't Create The Jobs"

Sorry, Folks, Rich People Don't Create The Jobs

by Henry Blodget at Business Insider

http://www.businessinsider.com/rich-people-dont-create-jobs-2014-6

"SNIP...................


Yes, entrepreneurs are an important part of the company-creation process. And, yes, so are investors, who risk capital in the hope of earning returns. But, ultimately, whether a new company continues growing and creates self-sustaining jobs is a function of the company's customers' ability to pay for the company's products, not the entrepreneur's vision or risk-tolerance or the investor's capital.

Saying "rich people create the jobs" is like saying that seeds create trees. Seeds do not create trees. Seeds start trees. But what actually grows and sustains trees is the combination of the DNA in the seed and the soil, sunshine, water, atmosphere, nutrients, and other factors in the environment that nurture them. If you think seeds create trees, try planting seeds in an inhospitable environment. Plant a seed in a desert or on Mars, and the seed won't create anything. It will die.

So, then, if what creates the jobs in our economy is, in part, our companies' customers, who are these customers? And what can we do to make sure these customers have more money to spend to create demand and, thus, jobs?

The customers of most companies are ultimately American's gigantic middle class — the hundreds of millions of Americans who currently take home a much smaller share of the national income than they did 30 years ago, before tax policy aimed at helping rich people get richer created an extreme of income and wealth inequality not seen since the 1920s.

Read more: http://www.businessinsider.com/rich-people-dont-create-jobs-2014-6#ixzz35zMoN6Ra

...................SNIP"

http://www.democraticunderground.com/10025164828

First, it doesn't matter how hospitable a location may be, a tree will not grow without the seed.

Second, liberals are the economic desert. They consume all water and nutrients in a place. They refuse to allow a tree to store energy. They demand all fruit be plucked and consumed at once. See: Detroit and California QED.

Third, it doesn't matter how much consumers may want fruit. If the tree is not left to its nature no fruit will be provided. The consumer cannot will fruit into existence.

[Big Dog]

Third, it doesn't matter how much consumers may want fruit. If the tree is not left to its nature no fruit will be provided. The consumer cannot will fruit into existence.

Well put, SSB. High five.

Blodget at Business Insider is an idiot. A neo-Marxist idiot. He would be right at home in King Putt's administration.

The crabapple primitive is a double idiot for believing him.

Economics for lurking DUmmies:

I make.   You want.

If you and a bunch of your friends want more than I make, I can charge a higher price for it, or I can make more of it. The choice is mine.

If I want to sell what I make for a higher price than a DUmmy can pay, then tough shit for you. Someone will pay my higher price, until my price becomes so high that the number of people who will pay for it becomes less than the quantity I make. If I then lower my price just a little, I can sell all I make for a high price without hiring more people. The choice is mine.

If I want to make more and sell at a lower price, I will evaluate the best way to increase production at the lowest cost. If hiring more people is the most cost-effective option, then I will hire more people to work for me. The choice is mine.*


*Of course, this presumes we are in a free market, and not the Obamanation, in which King Putt takes from those evil capitalists who make, and gives to his favored children who take, in accordance with his will.

[obumazombie]

You didn't build that. You didn't make that. Someone else did.
I'm still stunned that a sitting president ever said such insane words and never got called on it.

[marv]

clarice (1,462 posts)
10. As an entrepenour AND a small business owner....

I couldn't disagree more. The first thing is..and I've always wondered this....
Why are successful entrepeneurs always cast in a disparaging light? I wonder how many jobs Mr. Blodget has created? Secondly, the entrepeneuur supplies an idea or service that people either DO or DON'T want. Your seeds/trees analogy is misleading. Seeds may not technically "create" trees
but try to grow one without the seed. As well, any smart business person would not plant his/her seed in infertile ground. Research and EFFORT on the business persons part would preclude this. It's almost like you are saying that when a person decides to start a business, they just cast their seeds up into the air
and see where they land. If they land on fertile soil, he/she was just lucky and so, are obligated to share all of their crop with those who were "unlucky". I believe that you and Mr. Blodget have thing bass ackwards.

But the ignorance and envy are deep in this thread.

clarice must be shopping for a tombstone.

[JohnnyReb]

DUmmie invents a drinking glass that doesn't have a bottom in it.....why won't it sell?

[Gina]

is like saying that seeds create trees. Seeds do not create trees. Seeds start trees.

  what??? Take another toke

[BattleHymn]

what??? Take another toke

[Ptarmigan]

Well, DUmmmies are called DUmmies for a reason. Stupid is really strong in them.

[Gina]

that pic really makes it so much clearer 

[YupItsMe]

The only part of this metaphor I can agree with is that the DUmmies are the dirt and/or "fertilizer"