Are Republicans right do the Rich or the Wealthy create Jobs

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Are Republicans right do the Rich or the Wealthy create Jobs ?

http://en.wikipedia.org/wiki/Trickle-down_economics

No, smart people who invent things create jobs. Pouring money into the hands of wealthy people who do not invent new products or contribute anything of material good to society only encourages the growth of unstable bubbles as said wealthy people invest in financial shenanigans to satisfy their insatiable greed rather than contributing to anything useful.

Who here has ever been employed by a poor person?

Most people haven't been employed by a wealthy person either. Just being fair here. In fact, stable jobs are usually given by impersonal organizations like corporations. New businesses also are not clearly a matter of "being wealthy", as it depends upon an entrepreneurial tendency, which is not the same as wealth. I think the major variable a person would look into would be called "Investment", and we can still have progressive taxes and chop down investment incentives as low as possible.

Rich people preserve wealth, mostly. Higher taxes correlate with higher economic growth, just look at GDP by year and compare with the highest marginal tax rate. This may or may not mean that higher taxes on the rich create higher GDP, but it certainly proves that high tax rates don't harm GDP.

If someone tries to feed you clever one-liners, demand evidence. If someone tries to quote a prestigious economist, double check it for context.

they create lots of jobs in other countries.

Incredibly low taxes on the rich. Tons and tons of bailouts.No accountability. The rich in the US are the happiest rich in all over the world.

How is employment doing in the US right now?

It is both yes and no.

As Democrats would define "wealthy," a lot of ordinary people who have done well would be in that group.

To create jobs, you need capital. Either in the bank already or the ability to get a loan/credit line.

To create jobs, you need to be willing to take the risk.

The problem is that if you heavily tax "wealthy people" (with Obama defining $250,000/year/household as "wealthy"), you hit hard most all the people who are of ordinary means who would be the ones creating the jobs. Without the promise of financial reward, there is no justification to risk.

Believe it or not, a lot of business owners and job creators take home less than their employees until their business really starts to take off. Make it harder for them to find their pot of gold and they don't have an incentive to put in the effort.

Not really no, Other then the few wealthy people that actually do give a crap about their fellow humans and run their buisness the right way....but seriously those on the very top are really just a bunch of criminals increasing their own income regardless of the negative consequences the rest of the world has to deal with.

I have to admit what they do works because a lot of americans are already blaming the state of the economy on the existance of welfare, disability, unemployment ect. like those on the bottom are the ones somehow dragging the entire worlde economy down...when in reality its that small precentage of wealthy who are sucking all they can out of the masses rather than that idea a lot of people have about a trickle down system.....well we have the reverse of that and to me its obvious why that might cause some problems.

Thing is they only have power so long as the masses are totally divided...

Trickle-down economics gives big businesses an unfair advantage over smaller businesses, so they don't create jobs as much as they eliminate competition.

Money in the hands of the rich / businesses does more to benefit society as a whole than money in the hands of the government.

US must currently be very benefited then.