Quote:
Originally Posted by ironworks
Both thoughts seem totally logical.
But to think somebody with minimal cash is going to outspend some guy with money is illogical.
Just think of the people the 1%ers in my shop employ, well my 8 employees, the welding supply and repair store, the garbage man, my landlord, power company, all my parts suppliers, the drivers who deliver parts,the scrap metal guys who pick up the scrap, my laser cutter and machinists, plus all garderers who work for everyone listed above, and the painters.
You could carry that even further to the people we spend our profits from the 1%ers on, race car parts for my hobby stock, all the way down to the rawhide bones my widest dog consumes at a ridiculous pace. Somebody had to make that thing for the dog to chew. To the guy building my swimming pool to the guy I buy my gasoline from.
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Agreed. I own my own business. I have 5 employees and own my building with a tenant. I pay the yard guy, the landscaper in the spring and fall, the trash guy, the propane company, etc. etc. I am doing a nice project for PPG right now, the CEO of PPG is a 1%er, and PPG is adding a monster production line at a local finishing plant. The number of work (albeit temp) is huge. This construction guys, the electricians, the mechanical contractors, Me! all allows us to make money and put it back into the local economy. Corporations ARE job creators. As are the 1%ers. Another case in point: My best friend is SUPER wealthy. Huge house in a super affluent neighbor hood, a house in Naples, FLA on the water and a gentleman's farm here in town. The money is old family money. He owns a steel erection business and has grown the thing like mad, adding people and buying equipment like crazy. He could have sat around and sucked the tit of family wealth, but this guy will out work darn near anyone. And by work I mean drive equipment and walk the iron. He looks like he doesn't have 2 nickels to rub together. He might be the exception, but all of his neighbors are mostly guys just like himself, concrete company owners, commercial construction guys etc...
Darren