Do Job 'Creators' Think They Are Like God?

The jobs numbers that have come out for the month of December and the economy is said to have added 200 thousand jobs. The unemployment rate has fallen to 8.5% it's lowest in 3 years. The U6, which includes marginally attached workers fell to 15.2% the lowest since February of 2009. We're still a long way off, Nick Hanauer, serial entrepreneur and venture capitalist discusses.

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[merrick926]

im 38 year old laborer and other than my recent unemployment ive only been unemployed for a total of about 1-2 years since i was 15. i was working full time by the age of 16 or 17 so i dont think i qualify as lazy.employers say either over or under qualified or we dont pay what your accustomed to making so we cant see you staying and we need someone long term.ive sold everything of value and should be homeless soon if things dont change.i think there is more to the problem than just the #of jobs

[avideogameplayer]

Trickle down economics has failed.

[pipem4n]

@tangent272

You're kidding right? Why would I do that if austrians explain all the things around me so simply and truthfully? I tried reading Marx - no can do, complete nonsence.

Go:

"What About Money Causes Economic Crises?" with Peter Schiff - Ron Paul Money Lecture Series, Pt 3/3

Go:

The Free Market: Fallacies and Facts | Thomas E. Woods, Jr

Go go go:

mises.org

[tangent272]

@tangent272

As for your question of where is the proof, that's a little harder and, as you've probably guessed, I can't point to one smoking gun or "Ah Haa!" moment. And that's why I suggested you have a look at an econimic theory that actually makes sense of how the world really works. I think that once you've got the data in front of you and can hold it up to comparison with the establishment view you'll find the "proof" within your own life experience, as I did and as I continue to do.

[tangent272]

@pipem4n

For the data I'd suggest you start by finding some marxist socialists and buy a digest of the Daas Capital, Economics of the Madhouse by Chris Harman is a good one.

It's remarkable how accurate the predictions are, unfortunately it's a bit dense, so in the name of updated context and clarification I recommend a digest, preferably purchased from the people who know marx best. I'm not a Marxist btw, but marxist economic theory is a valuable tool.

[pipem4n]

@tangent272

Where? Convert me I am a voluntarist. Where?

[tangent272]

The economic theory he's quoting isn't "new, about 30 years old", actually it's the far older economic theory, ie' right back to Adam Smith, Karl Marx and John Maynard Keynes and up until that asshole Milton Freedman came along was pretty much *the* theory of macro economics. Not co-incidentally it's since the embrace of supply side that the classes have again divided and things have increasingly turned to crap. The theory of "give everything to the rich" (ie' supply side) is crap. It's proven.

[saolesaole]

@BrotherAlpha Your wording is ambiguous. What does the phrase “a lot” of very rich people mean? If Warren Buffett is included in that “a lot,” then “a lot” of rich people pay more taxes. What does a “large portion” of CEOs’ income mean? As I see it, a large portion of CEOs’ income still puts them in the 28% tax bracket or higher before they exercise stock options and other compensations.

[saolesaole]

@BrotherAlpha Warren Buffett's salary is, according Forbes, $100,000. That places him in the 28% tax bracket. It is doubtful his secretary makes more than $100,000. And, according to Yahoo Finance, he hasn't exercised any other compensations, so he pays 28% in personal income taxes.

[saolesaole]

@BrotherAlpha Actually, that depends. Short-term capital gains are taxed as ordinary income for those in the 25% tax bracket and higher. Your personal income does play a part in whether you pay 15% capital gains tax or no capital gains tax at all.

[theroilsoil]

All you need to look at is U6 Unemployment . . . . . stop listening to "Experts" . . . . look on the streets . . . . . how about all those homeless people that seem to keep growing from city to city? . . . . that's reality.

Here down in Belmont Shore Ca., we're seeing more and more businesses close . . . and this is a "desirable beach town" located in Long Beach city.

So far as defense industry cuts . . . . it's beautiful to see . . . . unfortunately, it took a global depression to wise up.

[theroilsoil]

@merrick926

You are 100% correct, and we're just seeing the tip of the iceberg . . . . . it get's far, far

worse from this point forward.