{"id":8300,"date":"2013-08-19T19:35:06","date_gmt":"2013-08-19T23:35:06","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=8300"},"modified":"2013-08-19T19:35:06","modified_gmt":"2013-08-19T23:35:06","slug":"targeting-the-wealthy-kills-jobs-wsj-com","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/19\/targeting-the-wealthy-kills-jobs-wsj-com\/","title":{"rendered":"Targeting the Wealthy Kills Jobs | WSJ.com"},"content":{"rendered":"<p>T.J. Rodgers compares job creation through private investment to government investment.<\/p>\n<blockquote>\n<p>Even European socialist democracies are starting to understand that tax-and-spend policies kill jobs. For example, both Italy and Spain have repealed their incentive programs for solar energy along with their &#8220;green jobs&#8221; because the countries have calculated that for every job created by government investment in green energy, somewhere between 4.8 jobs Italy and 2.2 jobs Spain are lost because of the reciprocal cuts in private investment.<\/p>\n<\/blockquote>\n<p>Read more at <a href='http:\/\/online.wsj.com\/article\/SB10001424127887324110404578630461045403872.html?mod=trending_now_2'>T.J. Rodgers: Targeting the Wealthy Kills Jobs &#8211; WSJ.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>T.J. Rodgers compares job creation through private investment to government investment. Even European socialist democracies are starting to understand that tax-and-spend policies kill jobs. For example, both Italy and Spain have repealed their incentive programs for solar energy along with their &#8220;green jobs&#8221; because the countries have calculated that for every job created by government &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/19\/targeting-the-wealthy-kills-jobs-wsj-com\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Targeting the Wealthy Kills Jobs | WSJ.com&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,33],"tags":[1602,1959,2768,3348],"class_list":["post-8300","post","type-post","status-publish","format-standard","hentry","category-economy","category-uk-europe-countries-regions","tag-government-investment","tag-job-creation","tag-private-investment","tag-tax-and-spend"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Targeting the Wealthy Kills Jobs | WSJ.com - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Targeting the Wealthy Kills Jobs | WSJ.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"T.J. Rodgers compares job creation through private investment to government investment. Even European socialist democracies are starting to understand that tax-and-spend policies kill jobs. For example, both Italy and Spain have repealed their incentive programs for solar energy along with their &#8220;green jobs&#8221; because the countries have calculated that for every job created by government &hellip; Continue reading &quot;Targeting the Wealthy Kills Jobs | WSJ.com&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/19\/targeting-the-wealthy-kills-jobs-wsj-com\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2013-08-19T23:35:06+00:00\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/08\\\/19\\\/targeting-the-wealthy-kills-jobs-wsj-com\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/08\\\/19\\\/targeting-the-wealthy-kills-jobs-wsj-com\\\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Targeting the Wealthy Kills Jobs | WSJ.com\",\"datePublished\":\"2013-08-19T23:35:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/08\\\/19\\\/targeting-the-wealthy-kills-jobs-wsj-com\\\/\"},\"wordCount\":98,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"keywords\":[\"government investment\",\"job creation\",\"Private Investment\",\"tax-and-spend\"],\"articleSection\":[\"Economy\",\"UK &amp; Europe\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/08\\\/19\\\/targeting-the-wealthy-kills-jobs-wsj-com\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/08\\\/19\\\/targeting-the-wealthy-kills-jobs-wsj-com\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/08\\\/19\\\/targeting-the-wealthy-kills-jobs-wsj-com\\\/\",\"name\":\"Targeting the Wealthy Kills Jobs | WSJ.com - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"datePublished\":\"2013-08-19T23:35:06+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/08\\\/19\\\/targeting-the-wealthy-kills-jobs-wsj-com\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/08\\\/19\\\/targeting-the-wealthy-kills-jobs-wsj-com\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/08\\\/19\\\/targeting-the-wealthy-kills-jobs-wsj-com\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Targeting the Wealthy Kills Jobs | WSJ.com\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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Rodgers compares job creation through private investment to government investment. Even European socialist democracies are starting to understand that tax-and-spend policies kill jobs. For example, both Italy and Spain have repealed their incentive programs for solar energy along with their &#8220;green jobs&#8221; because the countries have calculated that for every job created by government &hellip; Continue reading \"Targeting the Wealthy Kills Jobs | WSJ.com\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/19\/targeting-the-wealthy-kills-jobs-wsj-com\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2013-08-19T23:35:06+00:00","author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/19\/targeting-the-wealthy-kills-jobs-wsj-com\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/19\/targeting-the-wealthy-kills-jobs-wsj-com\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"Targeting the Wealthy Kills Jobs | WSJ.com","datePublished":"2013-08-19T23:35:06+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/19\/targeting-the-wealthy-kills-jobs-wsj-com\/"},"wordCount":98,"commentCount":0,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"keywords":["government investment","job creation","Private Investment","tax-and-spend"],"articleSection":["Economy","UK &amp; Europe"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/19\/targeting-the-wealthy-kills-jobs-wsj-com\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/19\/targeting-the-wealthy-kills-jobs-wsj-com\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/19\/targeting-the-wealthy-kills-jobs-wsj-com\/","name":"Targeting the Wealthy Kills Jobs | WSJ.com - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"datePublished":"2013-08-19T23:35:06+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/19\/targeting-the-wealthy-kills-jobs-wsj-com\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/19\/targeting-the-wealthy-kills-jobs-wsj-com\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/19\/targeting-the-wealthy-kills-jobs-wsj-com\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"Targeting the Wealthy Kills Jobs | WSJ.com"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. 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With unemployment stubbornly above 9 percent, efforts to create new jobs have so far proved futile. Low interest rates from the Fed failed to stimulate new investment. Richard Koo coined the phrase balance-sheet recession to describe\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45388,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/11\/14\/will-bidens-industrial-policy-prevent-a-recession\/","url_meta":{"origin":8300,"position":1},"title":"Will Joe Biden&#8217;s industrial policy prevent a recession?","author":"Colin Twiggs","date":"November 14, 2023","format":false,"excerpt":"Job losses during recessions tend to be concentrated in cyclical sectors. Eric Basmajian at EPB Research provides an excellent chart showing how job losses in construction and manufacturing dwarf job losses in the far larger services sector which accounts for 86% of all employment. The only exception is the 2020\u2026","rel":"","context":"In &quot;Deficit Spending &amp; Employment&quot;","block_context":{"text":"Deficit Spending &amp; Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"US Job Losses During Past Recessions","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-14-recession-job-losses.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-14-recession-job-losses.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-14-recession-job-losses.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":13965,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/13\/does-government-spending-create-jobs\/","url_meta":{"origin":8300,"position":2},"title":"Does Government Spending Create Jobs?","author":"ColinTwiggs","date":"August 13, 2016","format":false,"excerpt":"By William Dupor, Assistant Vice President and Economist The most recent U.S. expansion, however lackluster, entered its eighth year in June.1 In anticipation of the possibility (or perhaps inevitability) of another recession, observers have remarked on how and whether countercyclical fiscal policy should be used to combat an economic downturn....\u2026","rel":"","context":"In &quot;Debt Levels&quot;","block_context":{"text":"Debt Levels","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/debt-levels\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6394,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/07\/jack-kemp-showed-gop-how-to-appeal-to-minorities\/","url_meta":{"origin":8300,"position":3},"title":"Jack Kemp Showed GOP How to Appeal to Minorities","author":"Colin Twiggs","date":"December 7, 2012","format":false,"excerpt":"Bruce Bartlett writes that late senator Jack Kemp is a role model for how Republicans should engage with minorities: Although Kemp pushed for a cut in tax rates for the wealthy, he was adamant that all workers must share in the benefits of lower taxes. He also focused heavily on\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11933,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/15\/why-fixed-investment-is-critical-to-the-us-recovery\/","url_meta":{"origin":8300,"position":4},"title":"Why Fixed Investment is Critical to the US Recovery","author":"ColinTwiggs","date":"June 15, 2015","format":false,"excerpt":"The financial sector normally acts as a conduit, channeling savings from private investors to the corporate sector. When the conduit works effectively, the injection of demand from corporate Investment is sufficient to offset the 'leakage' from demand caused by Savings. Savings patterns alter during a financial crisis, however, with concerned\u2026","rel":"","context":"In &quot;Investment &amp; Infrastructure&quot;","block_context":{"text":"Investment &amp; Infrastructure","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/investment-infrastructure\/"},"img":{"alt_text":"Employment Growth and Private Nonresidential Fixed Investment","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-15-investment-jobs.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-15-investment-jobs.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-15-investment-jobs.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":20961,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/07\/11\/asx-2\/","url_meta":{"origin":8300,"position":5},"title":"ASX and the second wave","author":"Colin Twiggs","date":"July 11, 2020","format":false,"excerpt":"The COVID19 second wave in Victoria is not yet under control, with the state government introducing new lockdown measures in an attempt to contain the outbreak. State Treasurer Tim Pallas estimates that an additional\u00a0 270,000 people will lose their jobs, with the unemployment rate rising to 11%. 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