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The poor create plenty of jobs. How many walmart jobs would there be without the poor shopping there? How many MCD and Burger King jobs without the poor getting their daily nutrition there? Who do think supports the makers of keystone lite, busch beer and rocket fuel malt liquor? The 10 million a year CEO or the 20k a year poor person? Yeah demand for Colt 45 by the rich created those jobs.
And who pays the wages for that poor person, i think is what the guy was trying to say. If that poor person has money it comes from somebody that he works for, or it comes from somebody elses taxes. Either way, he wouldn't be shopping at Walmart if Sam didn't put one there.
Sam wouldn't have put a walmart there if there weren't people, mostly on the lower income class, that were going to shop there.
This is clearly the chicken or the egg argument.
Also Sam walton wasn't rich when he started Walmart. So no it not always the rich that create jobs. Walmart has something like 1 million employees all created by a man who wasn't rich at the start.
Are you employed by a poor person/people? NO? Then rethink your argument.
Sam Walton may have started small, but money had to come from somewhere (loans) to get the company to it's success. That money came from rich people.
This was back in the great depression:
In 1945, after leaving the military, Walton took over management of his first variety store. With the help of a $20,000 loan from his father-in-law, plus $5,000 he had saved from his time in the Army, Walton purchased a Ben Franklin variety store in Newport, Arkansas.[4] The store was a franchise of the Butler Brothers chain.
I'm not saying that sam walton wasn't a great business man or that he wasn't an innovator, just that he needed help from someone with $$$$$$$$$$$$$ to get started.
POOR PEOPLE DON"T CREATE JOBS
The more people flying on private jets, the better!
If you only have one hour a day to watch television news ... The Glenn Beck Program is the most information dense hour of television you will find.
Its as good as it gets... There is nothing better. Never has been and never will be.As if capitalism is some perfect machine.