Sorry, Folks, Rich People Actually Don’t ‘Create The Jobs’, Henry Blodget, Business Insider, November 29, 2013

Entrepreneurs and investors like me actually don’t create the jobs — not sustainable ones, anyway.

Yes, we can create jobs temporarily, by starting companies and funding losses for a while. And, yes, we are a necessary part of the economy’s job-creation engine. But to suggest that we alone are responsible for the jobs that sustain the other 300 million Americans is the height of self-importance and delusion.

So, if rich people do not create the jobs, what does?

A healthy economic ecosystem — one in which most participants (especially the middle class) have plenty of money to spend.

The Bitters Tears of the American Christian Supermajority, Chase Madar, Al-Jazeera America, March 30, 2014 Continue reading →