Theodore Fuller, a professor of sociology at Virginia Tech, truly nails to the wall the heretics who have rebranded wealthy Americans as “job creators.” Click on the preceding link for the full column. Here’s the heart of it:
First, jobs are actually created by consumers, not by entrepreneurs. Unless consumers create demand for a good or service, no entrepreneur is going to create a job to produce that good or service. Consumer demand remains weak because millions of Americans are out of work and millions of others have not had a raise in several years.
Second, most of those who are in the top 2 percent of earners are corporate executives. While corporations create jobs, corporate executives do not. If the CEO of XYZ Inc. pays higher taxes, this has no bearing on whether XYZ Inc. will expand and create jobs. XYZ will use its own funds, not the funds of its CEO.
U.S. corporations have plenty of funds on hand to create jobs if they want to. They are sitting on cash resources of more than $1 trillion, but most are not investing to create jobs precisely because consumer demand is weak. The point is, raising taxes on the CEO does not affect the ability of the corporation to invest and create jobs.
This simple explanation pretty much jams the wooden stake into the heart of the “job creators” myth. Now that that vampire is slain, we should move on to other lies the bloodsuckers are telling.