Community | November 23, 2011 | 2 comments

"Job Creators" Do Not Create Jobs, They Just Make Money

source: http://harpers.org/archive/2011/11/hbc-90008323

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kvb1
The sound of RIPublicanism never seems to change. These are the words of Robert H. Jackson, Attorney General under FDR:

"Our democratic forms of government offer a periodical chance at election time to check and change political administrations. But there is no practical way on earth to regulate the economic oligarchy of autocratic, self-constituted and self-perpetuating groups.

With all their resources of interlocking directors, interlocking bankers and interlocking lawyers, with all their power to hire thousands of employees and service workers throughout the country, with all their power to give or withhold millions of dollars worth of business, with all their power to contribute to campaign funds, they are as dangerous a menace to political as they are to economic freedom."

Secretary of the Interior Harold Ickes delivered a ferocious iteration of this theme in December of that year, warning that “the United States is to have its first general sit-down strike — not of labor, not of the American people — but of the sixty families [a then-popular term for what we now call “the 1 percent”] and of the capital created by the whole American people of which the sixty families have obtained control.” Should Americans yield to the demands of the walkout, Ickes warned, “then the America that is to be will be a big-business Fascist America—an enslaved America.”

http://harpers.org/archive/2011/11/hbc-90008323

http://www.roberthjackson.org/the-man/bibliography/the-philosophy-of-big-busines...
  1. groups:
    Community,   News and Politics,   Politics,   Progressive America,   1 more
  2. tags:
    Jobs,  Fascism,  Capitalism,  99%,  2 more
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2 comments // "Job Creators" Do Not Create Jobs, They Just Make Money

  • RevKen
    • +2
      RevKen  

    • More tax cuts only add to the problem. If we do not tax wealth then the wealthy have no reason to spend money. If we tax the hell out of them and then offer tax breaks for spending money in ways that help[ the economy, guess what? They will spend the money instead of being taxed and the economy will recover.

      I am a small business owner and I created two full time jobs this year. The jobs were created because I work hard and do good work. I did not wonder what my tax rate would be and government regulations had nothing got do with my decision. I had more work than I could do myself so I hired some help. Next year I expect to hire a couple more.

    • 6 months ago
  • kvb1
    • 0
      kvb1  

    • RIPublicans tried to make another Democratic President a one termer using the same means they are today, controlling the wealth of the nation and holding it ransom.

    • 6 months ago
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