Quote:
Originally Posted by BlackCrayon
True. It takes both sides to make it work. The entrepreneur risks, the consumer buys. Ideally they both benefit. I just don't buy the idea that the consumer is inferior and inconsequential.
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The guy in the video opens by attempting to make the point that consumers create jobs.
That's what he's saying.
Obviously the consumer is not inconsequential.
But the consumer is not "causing" anything. Someone has to wake up one day and risk everything believing they can offer the consumer something better and cheaper or to meet an unmet need of the consumer. That's where the job creation process begins. Not the other way around as the speaker is attempting to argue.
That's where the tax argument then comes into play. He is trying to negate the tax argument by saying "consumers create jobs" and trying to say that how you treat entrepreneurs or whether or not there is incentive for them to risk money to create businesses is inconsequential. I.e. If you tax everyone 100%, its irrelevant because consumers will still buy products, ignoring the obvious fact that i'm not going to risk my hard earned capital in something that won't benefit me at all, regardless of whether or not consumers are willing to purchase a product.
As I also said, anyone that has to open with "republicans...." and "we used to believe the world was flat, therefore,..." at a TED conference has no credible point... which is why they organizers scrapped that video to begin with. Its a biased political statement, not an objective and credible look at taxes and jobs.