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MILLIONAIRE'S ISLAND: A Simple Example of Why 'Rich People' Don't Create Jobs (And What Galt's Gulch Would Look Like)

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BigPapa11/11/2012 7:41:20 am PST

re: #2 Barflytom

As to whether investors create jobs, well someone has to own the accumulated capital in an economy.

You reject ideas you can’t even begin to understand. Poor thing.

My own experience correlates with the author. My business and profession caters to the 1%, sometimes the .1%. They build mega estates that employ 40-60 people full time for 2-3 years (sometimes this is their 3rd home). I am well aware of the impact this can make on a local economy and am thankful for their employ.

But Barfly Tom thinks this is the beginning of job creation. It is not. Who created the .1%’s jobs? Except for hedge fund and derivatives traders, the ultra wealthy cater to the mass of 99%’ers. Their VC firms fund startups that cater to the 99%.

The job creators are the 99%.