Originally Posted by Warfish
Jobs are created when there is more work to be done than current assets can handle, and a new hire will expect to result in a net profit or overall gain to the business, or whenever the Govt. decides it needs more workers to accomplish whatever task it is assigned to perform, and (one would hope) has the budget space to pay for.
Now, feel free to insult me again, talk about your business accumen, and explain how jobs are created when all wealthy people, even those not specificly investing in or owning business, pay less taxes.
First, I am not planning to insult you.
I have created jobs. I am not the only one on this site that has done so. I am no longer directly creating jobs because I have taken my income inequality to the sideline.
Now, the concept. I have, as an example, amassed a fairly decent sum of reserve capital. I am considering expanding or entering a new venture or developing a new product. But, there are regulatory obstacles out there, let's say. Or tax uncertainty. Or potential new health care obligations. Or other government (not market) interference.
I will probably choose to keep my capital on the sideline and not risk it when my return on investment could be minimized because of the government. Frankly, new investments are risky enough even with a SATISFACTORY government climate.
Both large and small companies which are well managed think this way.