Midya's Weblog

The rich are the real job killers

This is an interesting argument.  Holland argues that the rich now take home 23 percent of national income today verses 9 percent in 1978.  Since the rich are more likely to deposit this money in the bank then spend it, they are the real job killers.  Holland seems to think that the rich are the only ones trying to earn as much as they can.  His argument doesn’t address any real issues, but I applaud him for exercising his mind. 

“Why the Wealthiest Americans Are the Real ‘Job-Killers'”
The top 1 percent takes in more than twice the share of national income today than they did 30 years ago, and that’s a big reason why consumers are tapped out.

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This entry was posted on July 22, 2011 by in Uncategorized.
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