RealSteveCox

Steve Cox · @RealSteveCox

28th Sep 2014 from Tweetings

@corbinsmom This is too long for Twitter, but read it: Say I own a company that controls 25% of a market for, let's say, motorcycle wheels, and my company employs 100 people.

And then say I don't like all the taxes and everything I have to pay, so I shut my company down.

What happens then?

Those 100 specific people lose their jobs, yes. But does the economy lose those jobs?

No.

Because the companies that make up the other 75% market share in motorcycle wheels, along with maybe a startup or two, would soak up the 25% of the market that I vacated, and with the increased demand at those companies, they'd collectively have to hire approximately 100 people.

The economy doesn't lose the jobs.

And the only "job creator" in a free market is the market itself - AKA the customers. Not the business owners.

"Job creators" are a myth created and perpetuated by people who are simply trying to create fear among the poor and middle class, and justify their greed.

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