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> Capital doesn’t create jobs Actually he claims > Investing doesn’t create jobs So he’s denying the effect that a company can raise more capital if it has s
by riazrizvi 8y ago
> Capital doesn’t create jobs
Actually he claims
> Investing doesn’t create jobs
So he’s denying the effect that a company can raise more capital if it has stronger demand for its shares. And he’s denying the incentive of stock for employee compensation, which consequently creates jobs just like cash.
So I’m going to file this under “rich guy doesn’t understand the system that made him rich”. I also worked on Wall Street, and it doesn’t automatically imbue you with an understanding of all things economic. You have to explicitly study to gain expertise.