Republican "Job Creator" Myth Misunderstands Our Economic Problems


In diagnosing the problems with the weak American economy, most Republican talking points center around the need to please the ever-so-important “job-creators” who make up the top 1% of the economy.  

They are overburdened. The regulations on their conduct need to be reduced. If you raise their marginal tax rates, they might decide not to work anymore. They might "go Galt."

The essential problem with this philosophy, and Republican efforts to fix the economy in general, is that it misunderstands how jobs are actually created. What good is it to make a product if no one can buy it? Individual entrepreneurs are at the mercy of the overall economy, which encompasses the actions and desires of every American, not just CEOs, small business-owners, and investors.

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