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Chico, CA

Rich people do not create jobs

Ooops.....disregard post #3, not sure how that got so messed up.  (May 18, 2012 | post #4)

Chico, CA

Rich people do not create jobs

This is the first half of a great speach by Venture Capitalist Nick Hanuaer, somehow it got lost. It is astounding how significantly one idea can shape a society and its policies. Consider this one. If taxes on the rich go up, job creation will go down. This idea is an article of faith for republicans and seldom challenged by democrats and has shaped much of today's economic landscape. But sometimes the ideas that we know to be true are dead wrong. For thousands of years people were sure that earth was at the center of the universe. It's not, and an astronomer who still believed that it was, would do some lousy astronomy. In the same way, a policy maker who believed that the rich and businesses are "job creators" and therefore should not be taxed, would make equally bad policy. I have started or helped start, dozens of businesses and initially hired lots of people. But if no one could have afforded to buy what we had to sell, my businesses would all have failed and all those jobs would have evaporated. That's why I can say with confidence that rich people don't create jobs, nor do businesses, large or small. What does lead to more employment is a "circle of life" like feedback loop between customers and businesses. And only consumers can set in motion this virtuous cycle of increasing demand and hiring. In this sense, an ordinary middle-class consumer is far more of a job creator than a capitalist like me. So when businesspeople take credit for creating jobs, it's a little like squirrels taking credit for creating evolution. In fact, it's the other way around. Anyone who's ever run a business knows that hiring more people is a capitalists course of last resort, something we do only when increasing customer demand requires it. In this sense, calling ourselves job creators isn't just inaccurate, it's disingenuous. That's why our current policies are so upside down. When you have a tax system in which most of the exemptions and the lowest rates benefit the richest, all in the name of job creation, all that happens is that the rich get richer.  (May 18, 2012 | post #3)

Chico, CA

Rich people do not create jobs

Since 1980 the share of income for the richest Americans has more than tripled while effective tax rates have declined by close to 50%. If it were true that lower tax rates and more wealth for the wealthy would lead to more job creation, then today we would be drowning in jobs. And yet unemployment and under-employment is at record highs. Another reason this idea is so wrong-headed is that there can never be enough superrich Americans to power a great economy. The annual earnings of people like me are hundreds, if not thousands, of times greater than those of the median American, but we don't buy hundreds or thousands of times more stuff. My family owns three cars, not 3,000. I buy a few pairs of pants and a few shirts a year, just like most American men. Like everyone else, we go out to eat with friends and family only occasionally. I can't buy enough of anything to make up for the fact that millions of unemployed and underemployed Americans can't buy any new clothes or cars or enjoy any meals out. Or to make up for the decreasing consumption of the vast majority of American families that are barely squeaking by, buried by spiraling costs and trapped by stagnant or declining wages. Here's an incredible fact. If the typical American family still got today the same share of income they earned in 1980, they would earn about 25% more and have an astounding $13,000 more a year. Where would the economy be if that were the case? Significant privileges have come to capitalists like me for being perceived as "job creators" at the center of the economic universe, and the language and metaphors we use to defend the fairness of the current social and economic arrangements is telling. For instance, it is a small step from "job creator" to "The Creator". We did not accidentally choose this language. It is only honest to admit that calling oneself a "job creator" is both an assertion about how economics works and the a claim on status and privileges. The extraordinary differential between a 15% tax rate on capital gains, dividends, and carried interest for capitalists, and the 35% top marginal rate on work for ordinary Americans is a privilege that is hard to justify without just a touch of deification We've had it backward for the last 30 years. Rich businesspeople like me don't create jobs. Rather they are a consequence of an eco-systemic feedback loop animated by middle-class consumers, and when they thrive, businesses grow and hire, and owners profit. That's why taxing the rich to pay for investments that benefit all is a great deal for both the middle class and the rich. So here's an idea worth spreading. In a capitalist economy, the true job creators are consumers, the middle class. And taxing the rich to make investments that grow the middle class, is the single smartest thing we can do for the middle class, the poor and the rich. Thank You. http://roundtable. nationaljournal.co m/2012/05/the-ineq uality-speech-that -ted-wont-show-you .php  (May 18, 2012 | post #2)

Chico, CA

Rich people do not create jobs

Read this interesting speach Venture Capitalist Nick Hanauer: "It is astounding how significantly one idea can shape a society and its policies. Consider this one. If taxes on the rich go up, job creation will go down. This idea is an article of faith for republicans and seldom challenged by democrats and has shaped much of today's economic landscape. But sometimes the ideas that we know to be true are dead wrong. For thousands of years people were sure that earth was at the center of the universe. It's not, and an astronomer who still believed that it was, would do some lousy astronomy. In the same way, a policy maker who believed that the rich and businesses are "job creators" and therefore should not be taxed, would make equally bad policy. I have started or helped start, dozens of businesses and initially hired lots of people. But if no one could have afforded to buy what we had to sell, my businesses would all have failed and all those jobs would have evaporated. That's why I can say with confidence that rich people don't create jobs, nor do businesses, large or small. What does lead to more employment is a "circle of life" like feedback loop between customers and businesses. And only consumers can set in motion this virtuous cycle of increasing demand and hiring. In this sense, an ordinary middle-class consumer is far more of a job creator than a capitalist like me. So when businesspeople take credit for creating jobs, it's a little like squirrels taking credit for creating evolution. In fact, it's the other way around. Anyone who's ever run a business knows that hiring more people is a capitalists course of last resort, something we do only when increasing customer demand requires it. In this sense, calling ourselves job creators isn't just inaccurate, it's disingenuous. That's why our current policies are so upside down. When you have a tax system in which most of the exemptions and the lowest rates benefit the richest, all in the name of job creation, all that happens is that the rich get richer.  (May 18, 2012 | post #1)

Chico, CA

Is "Here Is One" a Mortgage Scammer?

No, you are the one who doesn't understand. In the example you give there were two things that do not exist in this case. First she said he was all those things. She accused him of being those things. She did not simply ask if he was, she said she knew that he was. All we have here is a question. Is "here is one" a scammer? 2ndly, in that case there were damages. In this there are not now any damages, nor are there likely to be any damages as result of the question posed here. Good luck with that.  (Jan 31, 2012 | post #17)

Chico, CA

Again no mention of Hispanics in Topics

I don't think gramps participates much in discussions about immigration. Were you referring to me? Anyway, you are using what is called "ANECDOTAL EVIDENCE" again. How many times have I explained to you that you cannot make a VALID arguement with ANECDOTAL EVIDENCE? Here is why. No one is denying that SOME hispanics are criminals. SOME members of any race or group are criminals. SOME white people are criminals. SOME plumbers are criminals. SOME doctors are criminals. etc. Making a list of crimes committed by members of one group does not prove anything about the group as a whole. I could, and have, listed crimes committed by white people in response to your crimes committed by hispanics to illustrate for you that my list does not say anything about white people as a whole any more than your list says anything about hispanics as a whole. Why can you not seem to understand? Seriously. Do you have a learning disability or something? I am not trying to inuslt you I just honesltly don't get why you, after repeated explanations, still fail to grasp that simple logical concept.  (Jan 12, 2012 | post #37)

Chico, CA

Criminally Dumb Mexican Criminal's of the Day:

I am "curtian rod"s sister, I am babysitting his kids and was just reading this shit on his computer. Most of these people are really not very smart are they? But I did not realize my comment would post under that name sorry if that was confusing. I would change it but I don't want to mess with his thing and most of you are not worth my time anyway. I don't know why he wastes his time with you, he is way smarter then you all seem to be. You seem ok though, those other people just pissed me off. They are like Beevis and butthead, Fucking lame!  (Dec 18, 2011 | post #67)

Chico, CA

Criminally Dumb Mexican Criminal's of the Day:

Is there any evidence at all of that? Where is it? Heck even wikipedia would have been more convincing then what you backed that statment up with.........absol utely nothing. LOL, LMAO, LMFAO, that is all I here from you and that other guy, your like Beevis and Butthead, and you both act so smug and laugh a lot while to an outsider it seems like you can't hold up your end of the conversation very well. No wonder he gave up on trying to talk to you.  (Dec 18, 2011 | post #65)

Chico, CA

Criminally Dumb Mexican Criminal's of the Day:

Don't lie, Nortenos is the name of a very specific gang, it refers to Northern California, not northern Mexico, and it formed in response to a percieved lack of respect and protection in prison from La EME, or southern hispanics, aka SURENOS (refering to So Cal, not southern Mexico). Nortenos are not that old. "The Norteņos (Spanish: Northerners), also Norte, are affiliated with Nuestra Familia (Our Family), are a coalition of traditionally Latino gangs in Northern California[2] A member of these gangs is a Norteņo (male) or Norteņa (female) based on Spanish usage. Northern Californians who are not gang members, but feel a strong cultural affiliation with others in Northern California, may also refer to themselves as Norteņos/Norteņas or simply "Northerners. " The traditional rivals of the Norteņos are the Sureņos ("Southerners ").[3] The statewide dividing line between Norteņos and Sureņos has roughly been accepted as the rural community of Delano, California." "In 1968,[4] Mexican-American inmates of the California state prison system separated into two rival groups, Norteņos (northerners)[2] and Sureņos (southerners), according to the locations of their hometowns (the north-south dividing line is near Delano, California). Norteņos affiliated with Nuestra Familia were prison enemies of the Southern Latinos who comprised La Eme, better known as the Mexican Mafia. While the Mexican Mafia had initially been created to protect Mexicans in prison, there was a perceived level of abuse by members of La Eme towards the imprisoned Latinos from rural farming areas of Northern California." http://en.wikipedi a.org/wiki/Norte%C 3%B1os Don't criticize the source, critique the facts if you can you moron. You can't but you will argue with me for days about what some word or other means and whether not I said it in this way or that.  (Dec 16, 2011 | post #55)

Chico, CA

Criminally Dumb Mexican Criminal's of the Day:

I am sure there are some illegals in those in those gangs, but the majority of them are second generation born and raised here to immigrant, maybe illegal parants, and most of them are bilingual. Most of the illegals tend to be of working age and are more focussed on work then warring with each other. It is the ones that were raised here that have the leisure time and lack the work ethic that their parents generation and most of the current illegals have. I am not making this up, or saying any of it to be arguementative it is simply true. Look into it.  (Dec 16, 2011 | post #53)

Chico, CA

Criminally Dumb Mexican Criminal's of the Day:

No they havn't you fricken moron. Nortenos is the name of a very specific gang that formed in NORTHERN CALIFORNIA, not Northern MEXICO, in response to La EME, or the SURENOS(for so cal, not southern Mexico, not giving the Northern Cal hispanics, who tended to be more rural than the urban Surenos, protection and respect in prison. Look into it you fricken retard, those two specific gangs are the ones we were talking about, the ones that are warring with each other and generally causing problems all over THIS area. (this is the CHICO forum after all, and you are the MORON FROM MEXICO, what are you even doing here).  (Dec 16, 2011 | post #51)

Chico, CA

Criminally Dumb Mexican Criminal's of the Day:

But the ones you and I were talking about, the Nortenos and Surenos are, as I said, from right here in California. They were not imported from Mexico "Here is one" always tries to argue with me about things I didn't say. You and I are talking about Nortenos and Surenos, because we are in the Chico forum, Nortenos and Surenos are the issue around here. He, from down there in Mexico, keeps trying to argue with me about the cartels even though that is not what I was talking about at all. I cannot figure out why the guy spends all his time in the "Chico" fourm. He seems to have no idea what it is like around here and seems to have no ties whatsoever to this area.  (Dec 16, 2011 | post #48)

Chico, CA

tough shit, amigo!

Stupidest thing I have ever heard in my life. Let me ask you a question, does it make your own pathetic life seem a little more tollerable if you blame your inadequacies on another group of people, and pretend that they are getting all the breaks at your expense? Why not just grow a pair, take some personal responsiblity and instead of bitching that some Mexicans have better cars than you (probably because they work two jobs, live in a small house with other people, and don't spend a fortune on food) maybe you could take some responsibility, work more, spend less, and buy a better car if that is what you want. Don't whine about it for christs sake, look in the mirror and if you are not happy with what you see, don't blame them, do something about it.  (Dec 15, 2011 | post #2)

Chico, CA

Criminally Dumb Mexican Criminal's of the Day:

Um not really......violat ing official regulations is illegal you moron, whether it be DMV Regulations, Ed Code Regulations, Forrest Service regulations, whatever. The regulations say that it is illegal, for example to have campfires in the National forrest, with the exception of in designated campgrounds and in cases where a party has requested and been granted a permit in advance. I say it is illegal to have a fire in the forrest if you are not in a designated campground or don't have a permit. You say "if it were illegal there would be NO FIRES THAT are legal." And, you say: "You are lying if you say it is illegal to have a fire in the forrest because I have shown you 400 campgrounds where you can have one legally" Me: "But those are the exceptions, the rule is that it is illegal EXCEPT in those specific cases, I have acknowledged that over and over" You: "If it were illegal there would be no exceptions, you don't know the difference between regulations and laws" Me: Throwing my hands in the air, "Oh my god, is your brain compeltely without logic?"  (Dec 15, 2011 | post #38)

Chico, CA

Criminally Dumb Mexican Criminal's of the Day:

I already have, over and over, with quotation makrs and everything. I can't force you to understand what your brain won't let you understand thoughNow that is funny, so if the EPA gets regulations enacted about disposing of toxic chemicals, or if the Forrest service has regulations about where you can have a campfire and where you cant, or if the city council passes regulations about what you can and cannot use the park for, and then you do something that goes against those regulations are you trying to say that you are not doing something illegal???? Really you fricken moron?  (Dec 15, 2011 | post #36)

Q & A with Curtain Rod

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Chico