tag:blogger.com,1999:blog-1899606766246433608.post2854155682791734555..comments2023-11-08T12:09:20.020-05:00Comments on Prove Me Wrong: Billionaire Gives TED Talk Saying Rich Don't Create Jobs, TED Refuses to PostJonhttp://www.blogger.com/profile/10530680372103907969noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-1899606766246433608.post-90138702131036119402012-05-22T10:49:38.107-04:002012-05-22T10:49:38.107-04:00Chad, the failed economies in Europe that you ment...Chad, the failed economies in Europe that you mentioned failed by not learning the WWII lesson and pursuing the same strategy you recommend. Throw in Ireland as well, a poster child for right wing economic theory. Cutting spending to balance budgets and restore investor confidence. It's all failed spectacularly.<br /><br />Seriously, where has right wing economic theory ever been applied with any success? Every time it's tried it blows up. It consistently represents the worst performance in the world.Jonhttps://www.blogger.com/profile/10530680372103907969noreply@blogger.comtag:blogger.com,1999:blog-1899606766246433608.post-12699240508432465042012-05-21T22:02:11.490-04:002012-05-21T22:02:11.490-04:00In a specific situation I could be in the MLB Hall...In a specific situation I could be in the MLB Hall of Fame as well. Your taking one moment in time - a specific moment/time and attempting to convince me/others that the steps taken right then would work on a larger scale in 2012. That dog don't hunt and sure if you controlled everything it may work for a time, but like Greece, like Italy and like France - it all comes a crashing down! Those people thought they were retiring at 60 - students were getting free education and health care, but when this mess runs it's course they will not start getting benefits until they are 70+ if at all, they will be paying full boat for eduction and health care. <br /><br />That is exactly what The Progressive movement does. It is like a cancer that if not treated will spread and will eventually kill the body it needs to live.Chadhttps://www.blogger.com/profile/14828361282326797453noreply@blogger.comtag:blogger.com,1999:blog-1899606766246433608.post-4638318497787966152012-05-21T16:47:53.779-04:002012-05-21T16:47:53.779-04:00I'm not talking about the post war boom. I...I'm not talking about the post war boom. I'm talking about the war boom. Price controls. Rationing. This was as close to a centrally planned economy as our country ever got. And we also got the most rapid economic growth in our history. A complete reversal of our economic problems.<br /><br />So with regards to your claim that we should take away the heavy equipment and use shovels and picks only, what do you make of all the effort expended for the war? That's worse than using picks and shovels. At least then you're building ditches, which are useful. What your doing is building bombs that just get blown up. Ships that sink. Tanks that are destroyed. That's some real waste there. And yet it turned our economy around. What does that tell you?<br /><br />What it tells me is that yes, on capitalism waste is good for the economy. That's the very nature of capitalism. That applies to your claim about picks and shovels. It CAN BE good for the economy if conditions are right, which they are today (underutilized labor resources, concentrated wealth, as with WWII).Jonhttps://www.blogger.com/profile/10530680372103907969noreply@blogger.comtag:blogger.com,1999:blog-1899606766246433608.post-54666827381325392852012-05-21T16:28:49.757-04:002012-05-21T16:28:49.757-04:00About WWII - I don't hold an economics degree ...About WWII - I don't hold an economics degree and don't have the time to study the econmic environment of WWII. <br /><br />From the tiny bit I do know, I believe that the post war boom was a result of free market reforms and deregulation. If I am not mistaken Congress rejected numerous Keynesian initiatives, dropped many price controls, and cut taxes sharply which created an extremely low unemployment rate.Chadhttps://www.blogger.com/profile/14828361282326797453noreply@blogger.comtag:blogger.com,1999:blog-1899606766246433608.post-31631595629162517982012-05-18T19:34:49.343-04:002012-05-18T19:34:49.343-04:00How does any of that change what is said in this T...How does any of that change what is said in this TED talk? The last thing a business wants to do is hire people. It's a last resort and is only something that is done when demand compels them.<br /><br />And demand comes from where? There aren't enough rich people to sustain demand at the required level. Like Hanauer says, he's going to buy just a few shirts and have no more than a few cars regardless. He gets 1000 x the income, but he doesn't consume 1000 times as much. You need other poorer people with purchasing power to retain the kind of demand necessary to generate the jobs.<br /><br />Nothing you've said changes that.<br /><br />And of course nothing you've said is an answer to my question about WWII. Are you able to answer my question? Or is it something you just can't make any sense of from your right wing perspective?Jonhttps://www.blogger.com/profile/10530680372103907969noreply@blogger.comtag:blogger.com,1999:blog-1899606766246433608.post-50408920146054812072012-05-18T17:53:09.865-04:002012-05-18T17:53:09.865-04:00Just by me knowing millionares proves nothing, but...Just by me knowing millionares proves nothing, but the ones I personally know have been investing, creating businesses and jobs for as long as I have known them.<br /><br />It is eye opening when I get the opportunity to speak to them and to hear their opinions about this narritive. There is always two major things I take away from those conversatons. First - they are winners in life, in business and in their communities - they speak about personal responsibility and the fact that they do more for their communities than government ever can. The second point is that they are always 10 steps ahead of government and the Progressive movement. Everytime they try and move the target it just creates new opportunities or new avenues to succeed that much more. Every regulation made closes the door on new competitors. The gov't by way of regulation has helped to create the wealth gap and continues to do so.<br /><br />That does not even account for the people they employ to make their lives easier and that certainly does not take in account the seemingly endless number of charity and good deed events that they are involved with that touch their hearts.Chadhttps://www.blogger.com/profile/14828361282326797453noreply@blogger.comtag:blogger.com,1999:blog-1899606766246433608.post-82102113180604617982012-05-18T15:36:44.345-04:002012-05-18T15:36:44.345-04:00Is the fact that you know millionaires supposed to...Is the fact that you know millionaires supposed to somehow prove that millionaires create jobs?<br /><br />Another question. If waste is bad for an economy how do you explain the fact that WWII ended the Great Depression? In my view on Capitalism there are times when massive waste and inefficiency is just what the doctor ordered in terms of returning an economy to a healthy state. Apparently the Japanese economy has improved dramatically because of the tsunami. It has created demand for repairs, which has improved their economic performance in a major way.<br /><br />I don't like to see waste and inefficiency, but I recognize that on Capitalism this is sometimes required. That's one of the reasons I don't like Capitalism. There are other economic arrangements that don't incentivize waste.Jonhttps://www.blogger.com/profile/10530680372103907969noreply@blogger.comtag:blogger.com,1999:blog-1899606766246433608.post-37894775138085716652012-05-18T13:58:36.397-04:002012-05-18T13:58:36.397-04:00Sad to think that you really believe that gov'...Sad to think that you really believe that gov't is the answer.<br /><br />Hey Jon - why not just mandate that no job can use power equipment. All ditches must be dug with shovels and picks - you just created a huge labor demand.<br /><br />Why don't you just mandate that no one is allowed to repair their automobiles or you can't cut your grass maybe you should just work on mandating that if your not a professional house cleaner then you can't clean you house.<br /><br />To address that idiot speaker for a second. I may not know a billionaire (possibly do), but I know quite a few millionares and there is little doubt they create jobs. They create jobs without trying to create jobs - ignorance.Chadhttps://www.blogger.com/profile/14828361282326797453noreply@blogger.comtag:blogger.com,1999:blog-1899606766246433608.post-16913550941746032242012-05-17T17:50:46.556-04:002012-05-17T17:50:46.556-04:00Jon -
W/ regards to the following -
The demand c...Jon -<br /><br />W/ regards to the following -<br /><br /><i>The demand created the supply.</i><br /><br />I generally tend to think this is true. Or rather more specifically, I think resolving an issue due to a lack of supply is easier than resolving an issue due to a lack of demand.<br /><br />I don't have any disagreement with what you clarify. Perhaps I did not articulate well enough in my (brief) original post.Paulhttps://www.blogger.com/profile/14278834635241999491noreply@blogger.comtag:blogger.com,1999:blog-1899606766246433608.post-23441503661045660222012-05-17T15:02:53.127-04:002012-05-17T15:02:53.127-04:00But the government can create capital in that case...But the government can create capital in that case. If the government is independent. Take the case of S Korea. There was demand for nice cars, but no supply that Koreans had access to because their government wouldn't allow the importation of cars. The demand created the supply. The government stepped in to provide the access to capital. The result is that today S Korea is a world leader in automotive.Jonhttps://www.blogger.com/profile/10530680372103907969noreply@blogger.comtag:blogger.com,1999:blog-1899606766246433608.post-2799255219391529232012-05-17T14:17:09.327-04:002012-05-17T14:17:09.327-04:00In a capitalist economy, the true job creators are...<i>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.</i><br /><br />From this layman's perspective this should be uncontroversial. Seems to me that this would not be the case if the aggregate demand far outstripped supply and there wasn't enough capital for new investments to increase supply.Paulhttps://www.blogger.com/profile/14278834635241999491noreply@blogger.com