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Hydra said...

Those 90 percent of all firms only make up 20 percent of all jobs. So while there's lot of businesses, there's not a lot of jobs in small business.

And many small businesses are quite pedestrian. They have neither the intention nor the capabilty to be inventive creators of new jobs. And when they do, it takes 10 to 15 years.

The majority of jobs are provided by only around 15,000 large companies.

The job creators rhetoric is largely a fiction.

There is a problem with the argument that reducing taxes and regulation will allow the job creators and small business to expand the economy, generate more government revenue, and create jobs. The problem being namely that only a relative few very large businesses employ more than half the population. Small businesses with employees take a long time to get big enough to hire.

Therefore, a jobs plan that expects to create jobs by cutting taxes and regulation won't produce results any time soon.

Whether a samll businsee is describes as 100 or less or 500 or less does not change that argument.

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PeakTrader said...

Hydra, you're wrong about taxes and jobs of small businesses.

1. "80 percent of America's businesses are sole proprietorships."

2. "Sole proprietors pay taxes on business income on their personal tax returns."

3. "Small businesses generated 64 percent of net new jobs over the past 15 years."

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PeakTrader said...

Social Security is a typical example how government programs work.

You pay more and more, and get less and less.

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PeakTrader said...

Jet Beagle says: "Actuaries in 1935 had no clue the senior population would grow anywhere as fast as it has grown...have underestimated the demands on the SS system.

People are young before they're old. So, although demand increased, so did supply.