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Originally posted by projectvxn
People in this coutry, on both sides of the political spectrum, have got to get the stupid idea that it is the impetus of business to create jobs.
Its not. Jobs are a by-product of successful business. The more successful a business is the more it can do and in turn the more people it will need to do those things. Rich people dont have to expand their businesses. Many companies sit on money because they dont know what the risk environment is going to be in the near term future. Companies need a relative amount of certainty in order to effectively manage risk. Right now business doesnt have that certainty. They dont know what the regulatory environment is going to be like. So the smart thing to do is to sit on cash reserves, not blow that cash on creating jobs that may not be sustainable.edit on 28-10-2012 by projectvxn because: (no reason given)
Originally posted by Red Cloak
They call it trickle down economics because it means that the rich are pissing on everyone else.
reply to post by beezzer
You had me until you diss'd personal responsibility. Because, ultimately, we are responible for our own fortunes and failures.