Sunday, November 13, 2011

What obligation do the "rich" have to create jobs - if they are given tax breaks?

The rich have no obligation to create jobs and they seldom create jobs. Most new jobs are created by small business. The fact is that large corporations more often kill jobs by combining and restructuring. It is new business that create most new jobs. The Bush administrations apathy toward the Small Business Administration is one of the reasons he finished his first term without a net increase in jobs for the first time in history and finished his eight year stint with the lowest number of new jobs in history (in eight years the Bush administration saw less than one third the number of new jobs the Carter administration saw in just four years.) Big corporations do not have an obligation to create jobs and with the tax breaks they have been given, they do not have an incentive to create jobs.

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