> ... the jobs created indirectly by his investments. but i think this is one of the key issues of the article. the author claims that investment does not crea

> ... the jobs created indirectly by his investments. but i think this is one of the key issues of the article. the author claims that investment does not create jobs. also, in absolute dollar terms the author may spend more than you, but in percentage-of-income terms he's spending less. and I think maybe that percentage difference is another key point the author makes, given how much wealth is tied up in the hands of the rich. I mean, I think the author believes that wealthy people pouring almost all of their money into various investments -- as opposed to middle class and poor people spending all or almost all of their money on goods and services -- is not a very strong way to create domestic jobs. IMHO, this is not a complete accounting of the situation. I mean, US people are spending -- we're spending big time. but where are all the jobs? the US has this giant trade deficit. a helluva a lot of jobs are in overseas manufacturing. so, we can force billionaires to spend all of their income every year on goods and services -- but how many domestic jobs is that going to create if what they buy is expensive Euromade yachts and New Zealand real estate? it's almost like we need more than just tax policy, it's like we need some kind of domestic industrial policy