JOB CREATION
Look for a proper balance in capitalism
Neal St. Anthony's July 16 column on job creation ("Do tax breaks for the rich really create jobs?") was excellent, but one point needs to be reinforced: Businesses do not create jobs. They react to a need for increased staffing due to more demand for their product or services.
You can provide regulatory relief and shower them with tax breaks, but they won't add a single employee they don't need. That's good business. Add demand by putting more disposable income in the hands of the middle class, and you'll see jobs "created."
Look in the mirror. If you are a consumer, you are the true job creator.
MICHAEL HILGER, INVER GROVE HEIGHTS
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I am a job creator and proud of it. No, I'm not someone who worries about tax increases on incomes over a million dollars. But I have been directly involved in starting multiple companies over the past two decades that have created jobs for hundreds of Minnesotans. I am proud of that.
The reality is that income taxes are not that big of a deal for job creators. The more we grow, the more we need to spend money on people, technology and other stuff that growing businesses need. We usually lose money until later in the process. The only thing that matters is demand, not taxes.
Mitt Romney has pounced on President Obama's comment that we don't grow businesses by ourselves. Thanks to highly selective editing of an Obama speech and the help of his party's media, Romney makes it sound like Obama is antibusiness. But the reality is that Obama's statements are true. No one is successful by themselves. Read the book about Steve Jobs, and you will see that hundreds of people contributed to his success.