Originally Posted by
fish
Please note, that today's rich have long had plenty of money to create jobs if they had any motivation to do so, but they don't. After all, their businesses operate for profit not to provide some sort of private workfare, and it's downsizing (firing people), outsourcing, and otherwise "increasing productivity" (getting the most work for the least $ out of each worker) that produces profit, not hiring more people or paying higher wages. Underlying all this, however, is the necessity of having a market for one's products which is hard to sustain if the vast majority of the population is working too hard and long for wages that give them little or nothing in the way of discretionary income or time. As one billionaire put it, "if you want me to hire people, don't give me money or tax breaks. Give me customers." Hence, while the rich have consistently gotten richer over the last 60 years, with more and more people working longer hours for less pay, repeated tax cuts have had nada, zero, nothing in the way of positive effects.