Tax Burden

The truly wealthy are smart, or they have smart people managing their money to maximize their roi. When faced with what to do with their investments they can actually choose to make more money or create jobs. If they choose to create jobs in a down economy they might not see a roi for a few years or they could lose money for a few years. If they are smart they invest in the stock market, the bond market where with the proper leverage and manipulation they will create more wealth but they won create jobs at least not here in the United States where labor is expensive.

There are a variety of reasons for this, most of them can be traced to WW2 and our successful labor movement. Since then wages for factory labor soared domestically, farm jobs were replaced by machine labor, factory jobs have been replaced by machine labor, many office jobs have been replaced by tech. In fact it is easy to see how employers want to reduce wage expenses across the board. Economies, national economies are best guided by the carrot. The carrot in this case is tax code and in the form of incentives. Capitalists and free marketeers hate these since it seems like an artificial means to contrive jobs where jobs should be lost or wages adjusted downwards to compete with wage scales abroad.

Nations lose revenue in order for their economies to flourish. If we believe in nations anymore.