The rich don't generate jobs. Rising tides do not lift all boats. And they probably built that with government help

"First of all, we need to ask what the rich and super-rich do with their spare money. They generally use it to try to get even more, through either real investment or financial ‘investment.’ In the latter case, whether by betting on market movements or buying income-yielding assets, or the many other ways unearned income can be extracted, their actions are unlikely to result in net job creation. Some ‘investment’ is used to buy up firms in order to sell off parts of them – to asset-strip them, in other words. This is likely to result in job losses, and indeed may reduce the ability of the firm to produce in the long run. Many companies have boosted their profits by cutting jobs.

But even if the rich do fund real investment in productive businesses – in equipment, training, new infrastructures or whatever – this may or may not result in job creation. Some businesses need to employ more people if they are to expand, but some do not: they may make more profit by reducing the number of workers they employ, whether by intensifying work for the remaining workers or automating their jobs. Either way, as Nick Hanauer makes clear, hiring more workers ‘is a course of last resort for the capitalist.’ Extra workers may enable more output, but if firms can find other ways of expanding output that are cheaper, they will."

Read more: http://www.salon.com/2015/04/11/the_1_percent_are_parasites_debunking_the_lies_about_free_enterprise_trickle_down_capitalism_and_celebrity_entrepreneurs/