I can say with confidence that rich people don’t create jobs, nor do businesses, large or small. What does lead to more employment is the feedback loop between customers and businesses. And only consumers can set in motion a virtuous cycle that allows companies to survive and thrive and business owners to hire. An ordinary middle-class consumer is far more of a job creator than I ever have been or ever will be.The statement was made in Raise Taxes on Rich to Reward True Job Creators, a Bloomberg op-ed by entrepreneur Nick Hanauer, who "founded the Internet media company aQuantive Inc., which was acquired by Microsoft Corp. (MSFT) in 2007 for $6.4 billion [and] was also the first non-family investor in Amazon.com Inc. (AMZN)."
Go read, and ponder.
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