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Actually, "the Rich" Don't "Create Jobs," We Do

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People coming in the door and buying things is what creates jobs.

The Rich Do Not Create Jobs

Lots of regular people having money to spend is what creates jobs and businesses. That is the basic idea of demand-side economics and it works. In a consumer-driven economy designed to serve people, regular people with money in their pockets is what keeps everything going. And the equal opportunity of democracy with its reinvestment in infrastructure and education and the other fruits of democracy is fundamental to keeping a demand-side economy functioning.

When all the money goes to a few at the top everything breaks down. Taxing the people at the top and reinvesting the money into the democratic society is fundamental to keeping things going.

Democracy Creates Jobs

This idea that a few wealthy people -- the "producers" -- hand everything down to the rest of us -- "the parasites" -- is fundamentally at odds with the concept of democracy. In a democracy we all have an equal voice and an equal stake in how our society and our economy does. We do not "depend" on the good graces of a favored few for our livelihoods.

We all are supposed to have an equal opportunity, and equal rights. And there are things we are all entitled to -- "entitlements" -- that we get just because we were born here. But we all share in the responsibility to cover the costs of democracy -- with the rich having a greater responsibility than the rest of us because they receive the most benefit from it. This is why we have "progressive taxes" where the rates are supposed to go up as the income does.

Taxes Are The Lifeblood Of Democracy And The Prosperity That Democracy Produces

In a democracy the rich are supposed to pay more to cover things like building and maintaining the roads and schools because these are the things that enable their wealth. They actually do use the roads and schools more because the roads enable their businesses to prosper and the schools provide educated employees. But it isn't just that the rich use roads more, it is that everyone has a right to use roads and a right to transportation because we are a democracy and everyone has the same rights. And as a citizen in a democracy you have an obligation to pay your share for that.

A democracy is supposed have a progressive tax structure that is in proportion to the means to pay. We do this because those who get more from the system do so because the democratic system offers them that ability. Their wealth is because of our system and therefore they owe back to the system in proportion. (Plus, history has taught the lesson that great wealth opposes democracy, so democracy must oppose the accumulation of great, disproportional wealth. In other words, part of the contract of living in a democracy is your obligation to protect the democracy and high taxes at the top is one of those protections.)

The conservative "producer and parasite" anti-tax philosophy is fundamentally at odds with the concepts of democracy (which they proudly acknowledge - see more here, and here) and should be understood and criticized as such. Taxes do not "take money out of the economy" they enable the economy. The rich do not "create" jobs -- We, the People create jobs.

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Dave Johnson is Founder and principal author at Seeing the Forest. Dave is a frequent public speaker and talk-radio guest and a leading participant in the progressive blogging community. He does a regular weekly segment on the popular Fairness (more...)
 

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I am a proponent of "fair share" taxation policies... by Doc McCoy on Saturday, May 14, 2011 at 10:07:34 PM
Let me start off by saying the authors article was... by kappie on Sunday, May 15, 2011 at 10:34:57 AM
The rich receive far more benefit from the US tax ... by Frish Frishberg on Sunday, May 15, 2011 at 8:15:19 PM
Great idea! Get rid of Tax exempt bonds so local g... by Greg Palmer on Thursday, May 19, 2011 at 10:22:56 AM
Thank you! The one term you left out of this essay... by David Kendall on Sunday, May 15, 2011 at 8:47:26 PM
Dave, this is one of the many myths repeated and a... by Edip Yuksel on Monday, May 16, 2011 at 9:41:46 PM