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Saturday 29 September 2012

When the economy is understood in 21st-century terms, as an ecosystem, it becomes obvious that jobs don’t squirt out of business-people like jelly from doughnuts. Rather, jobs are the consequence of the feedback loop between customers and businesses. For this reason, it is middle-class consumers and the demand they create that are our true job creators, not rich business-people. Given this, it is counter-productive to build a tax system that asymmetrically benefits the people at the very top. We all are better off — business-people and consumers, rich and poor — if the burden of taxes is placed at the top and not the middle, enabling middle class citizens to consume, and starting the positive feedback loop of job creation again. Rich Americans Aren’t the Real Job Creators

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