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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (639371)	12/15/2011 2:58:16 PM
From: longnshort	2 Recommendations Respond to of 1579795

yeah poor people create jobs, every one has been hired by a poor person

To: bentway who wrote (639371)	12/15/2011 6:38:35 PM
From: Brumar89	1 Recommendation Read Replies (1) \| Respond to of 1579795

No one works for Apple or Microsoft?

To: bentway who wrote (639371)	12/15/2011 8:40:31 PM
From: Tenchusatsu	3 Recommendations Read Replies (1) \| Respond to of 1579795

Bentway, from the article: > And what can government policy do to make sure these customers have more money to spend to create demand and, thus, jobs? I hear government can take money from the "1%" and give it to the "99%." That's one way to "create demand." Hasn't worked in all of modern history, but like you said, "Every little bit helps." Until it doesn't. Which is what we're seeing today. Tenchusatsu

To: bentway who wrote (639371)	12/16/2011 3:41:09 PM
From: Brumar89	Respond to of 1579795

About that propaganda article: First, it uses the bogus cherrypicked study which showed there's been some big shift in income "from" the 99% "to" the 1" over the past several decades. http://www.siliconinvestor.com/readmsg.aspx?msgid=27814490 Second, it pushes the idea that demand somehow creates jobs all by itself with no help from those who supply the goods and services provided. rich people do not create jobs, even if they found and build companies that eventually employ thousands of people.What creates the jobs, Hanauer astutely observes, is a healthy economic ecosystem surrounding the company, which starts with the company's customers. Sure, we need a healthy economic system and demand needs to be there, but if no one produces things to supply the demand (and thereby commits the leftist sin of getting rich doing it), no jobs are going to be created. Haiti probably is loaded with latent demand, but they don't have the economic system or the suppliers. This shallow propaganda article also doesn't point out that if Hanauer pays 11% in taxes on an income of $10M, it's because he chooses what his income and deductions and therefore his taxes will be. The man sold a company to Microsoft for $6B+, no doubt as a tax free exchange of stock. He chooses to sell stock and thus to realize gains. He wouldn't have to sell a single share if he didn't want to. Like Warren Buffet, he probably reduces his taxable income further by taking such deductions for donations of appreciated stock (probably to Planned Parenthood, the favorite charity of rich liberals). In doing so, he gets to deduct the current market value of stock he never paid a dime of gains on and that deduction offsets much of the gains on stock he sells to buy his plane and whatever other toys he plays with. The fact is Hanauer getting filthy rich didn't take a single dime from anyone and hasn't made anyone in the 99% worse off by getting rich!