Quote from IShopAtPublix:
No it is not. It is the republican point of view that "rich people create jobs" which makes it seem like it is a one way street when in fact there is interdependence and symbiosis. There is a real good example to nuke all of this to shreds.
Modern IT economy has produced many billionaires: Bill Gates, Google boys, Larry ellison, michael dell, steve jobs, etc. But all this wealth would not be possible without one thing - the transistor. Without transistors there are no circuits, no microprocessors, no pc and no software to make that pc (or apple) come alive. Transistors were created by several passionate and knowledgeable scientists. Without their expertise (life time learning and passion) no transistor, no Bill Gates.
The classes are interconnected and "rich people" get something in return for the salary they pay to the workers - they get expertise. Microsoft, for example would not be able to create Microsoft Office without individuals with a clear passion for computer science (bill gates could not write all this code by himself). Without expert programmers, your product is not competitive, company does not make any money.
It is not that people in 3rd world countries are dumber than in USA (I know Americans like to think that way but that is simply not the case), the problem that in a 3rd world country HUMAN TALENT GETS WASTED. A bright student in Poland will not have the same opportunities as a bright student in USA. Not in terms of salary, research opportunities, education, etc. Too often brilliant people in 3rd world countries spend their whole existence simply trying to stay afloat instead of realizing their full potential. As a result things tend to continue as they are. Romania will never be a world leader in nano technology or microprocessor design or aircraft production, etc.
So as we can tell, it is far more complicated than cutting taxes for rich people and "letting them create jobs". "Rich people" also create the kind of sweatshop jobs that nobody would want if they had a choice.
Refreshingly well thought-out post.
