My grandparents survived the Great Depression by being part owners in a massive farm. They were able to hire most of the little valley they lived in. Most of the valley did not go hungry because of them. The people didn’t have many luxuries. Things they could not get… they either went without or worked around it. Such as corsages for prom – one industrious person made paper flowers and sold them for a reasonable price. But… after the Depression… my grandparents discovered… none of their children, cousins, or grandsons wanted the business… so they sold it all.
America learned lessons of how to manipulate the economy so we should not go through times like that again. But we have become a touch more heartless and quite a bit more ruthless.
I truly wonder what the next couple of generations will learn from our current problems.
But then again… I also wonder what the new national flag will look like for this neck of the woods.
“When all the trees have been cut down, when all the animals have been hunted, when all the waters are polluted, when all the air is unsafe to breathe, only then will you discover you cannot eat money.” – Cree prophecy.
“There are those who believe that if you will only legislate to make the well-to-do prosperous, their prosperity will leak through on those below. The Democratic idea, however, has been that if you legislate to make the masses prosperous, their prosperity will find its way up through every class which rests upon them.” – William Jennings Bryan, 1896
It just goes to show, if one has eyes, that rich people don’t create jobs. Jobs create rich people.
“When businesspeople take credit for creating jobs, it is like squirrels taking credit for creating evolution. In fact, it’s the other way around. I’ve never been a ‘job creator’. I can start a business based on a great idea, and initially hire dozens or hundreds of people. But if no one can afford to buy what I have to sell, my business will soon fail and all those jobs will evaporate.
“That’s why I can say with confidence that rich people don’t create jobs, nor do businesses, large or small. What does lead to more employment is the feedback loop between customers and businesses. And only consumers can set in motion a virtuous cycle that allows companies to survive and thrive and business owners to hire. An ordinary middle-class consumer is far more of a job creator than I ever have been or ever will be.”
Lots of serious commentary here today. Weighty stuff. But, being a detail person I have to ask – any guesses as to what’s in the cup? Not a spoon or stirrer. Maybe a plant?
We need to support, and even agitate for, a sharp increase in the TOP marginal tax rate. This study of 65 years of data from the non-partisan Congressional Research Service shows that dropping that top marginal tax rate is heavily correlated with wage inequality. It makes sense. If you take away the disincentive to greed at the very top of the wage pyramid… you get greed at the very top:
The politician was sitting at his campaign headquarters when the phone rang. He listened intently, and after a moment his face brightened. When he hung up, he immediately phoned his mother to tell her the good news. “Ma,” he shouted: “The results are in. I won the election!” “Honestly?” The politician’s smile faded: “Aw, h**l, Ma, why bring that up at a time like this?”
The upcoming year, politics aside (sorta), are going to prove to be very difficult economically, worldwide! The Corvid-19 is creating the perfect storm for a global depression as banks and international markets finally realize that all the smoke and mirrors and tricks to fool themselves and the public into thinking that the economy is healthy are worthless delusions.
This is so much like the “homeless” around here. Cap in hand up and down the median at every traffic light. I swear they’ve all staked out “their” spot and they switch around depending on the time of day and direction of traffic
sirbadger over 3 years ago
Can I get a loan from the bank to buy this spot?
I Mad Am I over 3 years ago
My grandparents survived the Great Depression by being part owners in a massive farm. They were able to hire most of the little valley they lived in. Most of the valley did not go hungry because of them. The people didn’t have many luxuries. Things they could not get… they either went without or worked around it. Such as corsages for prom – one industrious person made paper flowers and sold them for a reasonable price. But… after the Depression… my grandparents discovered… none of their children, cousins, or grandsons wanted the business… so they sold it all.
America learned lessons of how to manipulate the economy so we should not go through times like that again. But we have become a touch more heartless and quite a bit more ruthless.
I truly wonder what the next couple of generations will learn from our current problems.
But then again… I also wonder what the new national flag will look like for this neck of the woods.
mikeyman over 3 years ago
It’s trickled on theory. Must be raining.
eastern.woods.metal over 3 years ago
We’re called pee-ons for a reason
eastern.woods.metal over 3 years ago
“When all the trees have been cut down, when all the animals have been hunted, when all the waters are polluted, when all the air is unsafe to breathe, only then will you discover you cannot eat money.” – Cree prophecy.
eastern.woods.metal over 3 years ago
“There are those who believe that if you will only legislate to make the well-to-do prosperous, their prosperity will leak through on those below. The Democratic idea, however, has been that if you legislate to make the masses prosperous, their prosperity will find its way up through every class which rests upon them.” – William Jennings Bryan, 1896
It just goes to show, if one has eyes, that rich people don’t create jobs. Jobs create rich people.
MS72 over 3 years ago
This website says, “Please enter a comment” but I think it’s a waste of time, so here you go! :-)
sixam over 3 years ago
The logos on the bottom of the sign mean he accepts Visa, Master Charge, and some other card. Doesn’t look like Discover.
Richard S Russell Premium Member over 3 years ago
“When businesspeople take credit for creating jobs, it is like squirrels taking credit for creating evolution. In fact, it’s the other way around. I’ve never been a ‘job creator’. I can start a business based on a great idea, and initially hire dozens or hundreds of people. But if no one can afford to buy what I have to sell, my business will soon fail and all those jobs will evaporate.
“That’s why I can say with confidence that rich people don’t create jobs, nor do businesses, large or small. What does lead to more employment is the feedback loop between customers and businesses. And only consumers can set in motion a virtuous cycle that allows companies to survive and thrive and business owners to hire. An ordinary middle-class consumer is far more of a job creator than I ever have been or ever will be.”
—Nick Hanauer, founder of Second Avenue Partnerssandpiper over 3 years ago
Lots of serious commentary here today. Weighty stuff. But, being a detail person I have to ask – any guesses as to what’s in the cup? Not a spoon or stirrer. Maybe a plant?
vaughnrl2003 Premium Member over 3 years ago
A good entrepreneur sees opportunity everywhere. As shown, location, location, location. I assume that’s a Wells Fargo bank.
rlaker22j over 3 years ago
any economic policy that naseed on urine is not worth having trickle-down economics
Debra.night over 3 years ago
We need to support, and even agitate for, a sharp increase in the TOP marginal tax rate. This study of 65 years of data from the non-partisan Congressional Research Service shows that dropping that top marginal tax rate is heavily correlated with wage inequality. It makes sense. If you take away the disincentive to greed at the very top of the wage pyramid… you get greed at the very top:
http://graphics8.nytimes.com/news/business/0915taxesandeconomy.pdf
I recommend you read the summary of this study. The data tell the truth about the lie of trickle down.
richsunaz3642 over 3 years ago
ONLY THE DUMB VOTE REPUBLICAN, UNLESS YOU DON’T CARE OTHER PEOPLE!
SFpagan over 3 years ago
@DD Wiz, must be beneficial to cRAP artists whose tunes the economy are a topic for :p
eastern.woods.metal over 3 years ago
The politician was sitting at his campaign headquarters when the phone rang. He listened intently, and after a moment his face brightened. When he hung up, he immediately phoned his mother to tell her the good news. “Ma,” he shouted: “The results are in. I won the election!” “Honestly?” The politician’s smile faded: “Aw, h**l, Ma, why bring that up at a time like this?”
Linguist over 3 years ago
The upcoming year, politics aside (sorta), are going to prove to be very difficult economically, worldwide! The Corvid-19 is creating the perfect storm for a global depression as banks and international markets finally realize that all the smoke and mirrors and tricks to fool themselves and the public into thinking that the economy is healthy are worthless delusions.
The Economic Emperor has no clothes!!
mistercatworks over 3 years ago
You can tell the “salaryman” is seriously considering it.
mwksix over 3 years ago
Crash!? Casey Jones had a softer crash!
eastern.woods.metal over 3 years ago
When plunder becomes a way of life, men create for themselves a legal system that authorizes it and a moral code that glorifies it. Frederic Bastiat
eastern.woods.metal over 3 years ago
This is so much like the “homeless” around here. Cap in hand up and down the median at every traffic light. I swear they’ve all staked out “their” spot and they switch around depending on the time of day and direction of traffic
4theconnector over 3 years ago
How Prophetic, Good Sir ! !
Stock Market Crash: The End Game ApproachesFORBES by Clem Chambers Senior Contributor, Intelligent Investing | 092920 | https://bit.ly/30lVkdI