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Raise Taxes on Rich to Reward True Job Creators: an Opinion from a Venture Capitalist December 1, 2011

Posted by proeconomia in Fiscal policy, Main, On the crisis, Opinion.
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A nice opinion article from a venture capitalist, that connects job creation not with lower taxes but with the interplay of innovation and customer demand. Its worthwhile your time reading it. The source is Bloomberg. Here are some excerpts:

“It is unquestionably true that without entrepreneurs and investors, you can’t have a dynamic and growing capitalist economy. But it’s equally true that without consumers, you can’t have entrepreneurs and investors. And the more we have happy customers with lots of disposable income, the better our businesses will do.”

“We’ve had it backward for the last 30 years. Rich businesspeople like me don’t create jobs. Middle-class consumers do, and when they thrive, U.S. businesses grow and profit. That’s why taxing the rich to pay for investments that benefit all is a great deal for both the middle class and the rich.
So let’s give a break to the true job creators. Let’s tax the rich like we once did and use that money to spur growth by putting purchasing power back in the hands of the middle class. And let’s remember that capitalists without customers are out of business.”

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1. Constantina Kottaridi - December 2, 2011

I would like to quote the following phrase of the man “It is mathematically impossible to invest enough in our economy and our country to sustain the middle class (our customers) without taxing the top 1 percent at reasonable levels again. Shifting the burden from the 99 percent to the 1 percent is the surest and best way to get our consumer-based economy rolling again”.

Does this say anything to us all???


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