What Is A Job Creator?
When did rich people become the pillar of our economy? When did it become common knowledge that if you own a business you deserve to pay less for social services than the rest of us?
Nothing has driven me more crazy than the Republican mantra of "job killing tax increases" being their calling card in the debt debate. It's a great soundbite but the bite doesn't hold when facts are introduced.
Last time I checked business owners paid less taxes than most of their employees. As a business owner you have choices about how you're paid, what rate you pay, and when you receive it. You would have to be a fool to not work the system to your advantage.
As fellow Fool Morgan Housel points out it's NEW businesses that create most jobs. So we should be asking, "How do we get unemployed people to start a business?" instead of saying"Existing business owners are job creators."
In fact, large businesses (which are getting most of the attention) are largely job destroyers. What's the first thing a multi-national company does when it acquires another company? Slash headcount. That's not what we need more of.
So lets at least frame the problem in the correct manner. I hope job creators get all the benefits in the world from the government but I know enough to realize that those in the highest tax bracket aren't the ones we should be focused on. It's the 20-year old in the garage with an idea and a dream that needs our help.