Don't forget product development.I'll let this billionaire speak for himself against his own class:
Consumers create jobs, not rich people.
Capitalists calling themselves Job Creators is a lie.
The rich earn 100s or thousands of multiples of the income of ordinary Americans, but cannot consume thousands of more times more stuff.
A rich person owns 3 cars, not 3,000. They own several outfits, or several dozen, not 20,000 pairs of pants.
Exactly. It doesn't matter how many widgets you can *make*. It matters how many widgets you can *sell*.
And if you want to sell more widgets, you need a consumer base with the capacity to buy them.
It always amazes me these dweebs never heard of salesmen, commercials, product placement, credit cards and loans........
They act like a bunch of consumers got together and had a poll, we need a computer and abra cadabra they invented one.
"I think there is a world market for maybe five computers."
Thomas Watson, president of IBM, 1943
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Remember, the basis of supply side economics is that supply creates demand.
No, that is not the basis of supply side economics. You clearly dont know what supply side economics is about. Hell, you dont know wht economics is about.