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Home Publications Blogs Beat the Press Where are the Millionaire Job Creators? NPR Does the Big Hunt

Where are the Millionaire Job Creators? NPR Does the Big Hunt

Friday, 09 December 2011 06:22

The Republicans have substituted "job creator" for the word "rich" in discussions of tax policy. It is absolute standard practice for them to object to taxing people who have money by saying that this will reduce job creation.

Since this claim has become so central in policy debates, Morning Edition decided to do what any reasonable news organization might do: see if it is true. Morning Edition called the Republican party and asked to be put in contact with some tax burdened job creators. They were unable to provide anyone for NPR to interview. NPR then contacted several of the business lobbies who have been complaining that higher taxes would impede job growth. These organizations were also unable to find any job creators who would speak to NPR.

NPR then put in a request to talk to job creators on Facebook. It got several responses from small business owners. The ones featured on its segment said that the personal tax rate would affect their disposable income but would have no effect on their hiring. This is pretty much what economic theory would predict.

Comments (13)Add Comment
NPR Forgot to Ask Newt Gringrich ..., Low-rated comment [Show]
written by Jay Schiavone, December 09, 2011 6:57
The only thing surprising here (and I am genuinely shocked) is that NPR would investigate this story and then report the findings. Somebody stepped off the reservation. I don't see this going unpunished.
written by tom, December 09, 2011 7:48
I heard this on my slippery, snowy commute this morning. It was very good, have a listen if you missed it.
NPR's Dogged Search for the Truth...
written by Sirius_TheStarDog, December 09, 2011 8:57
...about three years too late.

Wonder if this reporting will be enough for NPR to change any of their Narratives Promoting Republicans?
news alert!
written by trish, December 09, 2011 11:31
oops...an NPR "journalist" accidentally stumbled upon facts!

Overall, NPR has contributed vastly to the myths of taxes and regulation and free markets and big government...
Favorite NPR Segment of the Year
written by leo from chicago, December 09, 2011 11:43
Have all the GOP stooges gone on strike (or vacation) such that NPR could find one to say they'd gone Galt because of tax increase? I attribute this to a lack of motivation on the part of the GOPers.

Guys, you're really letting us down.
written by leo from chicago, December 09, 2011 11:52
... such that NPR could[n't] find one ...
Yes, a good story by NPR !
written by AndrewDover, December 09, 2011 9:37

It is the same principle as Iraq WMD; if you know something exists, you should be able to produce an example:

Hans Blix : "I found it peculiar that those who wanted to take military action could — with 100 per cent certainty — know that the weapons existed and turn out to have zero knowledge of where they were."
written by Steve, December 09, 2011 10:20
I was shocked this morning to hear an economics story on NPR that was not complete drivel from beginning to end. I had to sit down for a minute. Could I believe my ears? They actually pursued the facts rather than just repeating the conventional wisdom? I am sure Tamara Keith will get a good talking-to from Adam Davidson or David Welna to get her to toe the line and stop producing information that is actually useful, rather than being a smoke screen.
written by Karen Brown, December 10, 2011 11:37
Just have to say what I said before. There is one, and only one reason for a for-profit business of any size to hire people- Because they would make more money from hiring the person than they would lose by paying a salary. Period. There are several ways by which businesses can increase profits, including cutting costs, selling off pieces of themselves (sometimes called 'selling the feed corn', and always a long term bad sign), playing the stock market, and selling more of whatever good or service their business provides.

Only ONE of these actually leads to more jobs being created, and that is increased sales. You don't need more employees to play the stock market, making cuts usually involves fewer employees, etc. So, what is needed for businesses to both make more profits AND to create jobs isn't 'job creators' to have more money, but for customers to have more money.

With job losses, wages flattened, consumer spending is flattened. Under those circumstances, more cash on hand or not, why would a business NEED to hire? They call it 'lack of consumer confidence'. Last time I went into a store and left it without buying something, it wasn't confidence I lacked, it was cash.

What we need isn't businesses with more money, we need customers with more money.
National Sales Rep
written by Jeff, December 10, 2011 4:20
I work for a startup that was incorporated in late 2010. It was started by 3 millionaires who invested a lot of their own money. They company has created 40 jobs in 2011, with plans to double in 2012. Some "rich" are also "job-creators" and I thank them all the time for employing me.
written by Julie, December 14, 2011 9:15
NPR can't find ONE millionaire who creates jobs? People who own businesses create jobs...some of them have more money than others. Some of them have more than 1 million dollars. I can't believe my tax money goes to pay for these out and out liars. Anyone who believes this crap is either ignorant as to how the world works, or requires some critical thinking exercises to prevent them from believing what the socialist media puts out there as truth.
written by Chris H, December 17, 2011 11:24
The market creates jobs and wealth. Millionaires dont create anything other than an opportunity to make more money. The united states experienced growth in the 1800s due to continental expansion. We grew in the 20th century due to Imperilism. Now in this century there are no new worlds to exploit. The supply of wealth is becoming fixed. America is entering her retirement years but the republican party wants to pretend we are still a growung economy. NAFTA was the first sign of our business leaders seeing the beginning if the end. The housing bubble was simply an attempt at life support. Now the rich are trying to concentrate the wealth of this country into the hands of a few. That is what a bidy does when it goes into shock to stave off death or when it senses death.

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.