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riderinthestorm

(23,272 posts)
16. What about Jobs and Apple?
Tue Jan 24, 2012, 10:08 PM
Jan 2012

I think its a convenient fallacy that "businesses" require this vast capital outlay.... "investors" like Bain or some other angel.

My former BIL started his pizza box company in his garage - it's now a multi million dollar biz with many machines and many workers - almost the perfect example of what you believe a biz needs a big bankster/investor in order to create. He now has several plants, semi trucks, a thousand or more workers.... I know, I know, anecdotal but almost everything I read and KNOW from personal experience tells me it's not "capital" that makes jobs. It's people being able to leave their "day job" (which in these days means having enough savings or NO entanglements that require health care insurance coverage) and taking a chance. They work their ass off and invest their OWN capital back into the biz to make it grow. It's very, very rare for an angel or bank to step in and assist.

IMHO, it's the lack of universal health care which is blocking entrepreneurship. No one can afford to leave their job and expose themselves or their loved ones to that gargantuan risk (an even greater financial risk than a start up)

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Read this RS piece about his father -- he sounds like a democrat and someone of strong principals! gateley Jan 2012 #1
I remember Romney from 68... WCGreen Jan 2012 #3
I've always said that those of great wealth were braver and more willing to stand for what gateley Jan 2012 #6
That has to be part of the reason they are so active in politics RZM Feb 2012 #23
Where do you think the capital to create jobs comes from? badtoworse Jan 2012 #2
In what way does it punish investments.... WCGreen Jan 2012 #4
Taxing investment income at the marginal rate does not encourage people to invest. badtoworse Jan 2012 #8
There will be no job growth in the USA safeinOhio Jan 2012 #5
YES-Thats the difference between New Deal tax policies FogerRox Jan 2012 #9
Well for me and my business, we create more capital by working harder and smarter. riderinthestorm Jan 2012 #12
Your work ethic is admirable and your success grew out of your own hard work badtoworse Jan 2012 #15
What about Jobs and Apple? riderinthestorm Jan 2012 #16
You sound like a supply sider Cali_Democrat Jan 2012 #13
Probably not from Mitt Romney or people like him. TheWraith Feb 2012 #21
There are three kinds of investments jmowreader Feb 2012 #22
The lines are not that well defined and the implementation of the idea would become hugely political badtoworse Feb 2012 #24
From "the tax code should encourage investment" to "Taxes should be for raising revenue" in 2 posts muriel_volestrangler Feb 2012 #25
I guess I'm busted. Maybe I have a future in politics badtoworse Feb 2012 #28
Jobs are created by DEMAND. If B Calm Feb 2012 #26
There is nothing "uniquely American" about self-made men. Every country has them. Fool Count Jan 2012 #7
None....... FogerRox Jan 2012 #10
Well said! And I agree...n/t CaliforniaPeggy Jan 2012 #11
I've got a huge problem with him stashing his cash in Switzerland, Ireland, and AtomicKitten Jan 2012 #14
"There is something uniquely American about the self-made man..." RUMMYisFROSTED Jan 2012 #17
All myths are based on fact... WCGreen Jan 2012 #19
Not one country? RUMMYisFROSTED Feb 2012 #20
"It wasn't a guarantee..." RUMMYisFROSTED Jan 2012 #18
There are plenty of wealthy people from privileged backgrounds that are not like Romney. Jennicut Feb 2012 #27
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