Paul Krugman has written at length (exhaustive length) about this. The rich invest money rather than spend it. Investment doesn't automatically create jobs. Job

Paul Krugman has written at length (exhaustive length) about this. The rich invest money rather than spend it. Investment doesn't automatically create jobs. Jobs are what redistribute money back to a large number of people, who then turn into consumers and spend. The proof that money is being permanently redirected to the rich is the income inequality that's well-documented and increasing. The idea that jobs have come back in the past and history must repeat isn't comforting. It's not simply automatic.