Harry Reid is growing more senile before our very eyes. On the Senate floor yesterday, this is what he had to say about millionaires and job creation:
“Millionaire job creators are like unicorns. They are impossible to find and don’t exist.”
Here, Harry … this is for you.
Using 2007 data, there were 392,000 Americans who filed tax returns with an adjusted gross income above $1 million. Of those Americans, 273,000 were defined as “small business owners.” This means that close to 70% of millionaires meet the broad definition of small business people. And consider the fact that small businesses employ half of American workers and account for 65% of net new jobs created.
And these are just the small business owners. This isn’t counting the millionaires at the tippy top who run corporations, which employ thousands of Americans themselves. This also doesn’t consider the fact that these millionaires often times act as angel investors for entrepreneurs looking to start businesses. Without this money, many innovators would see their dreams die in a Democrat wasteland of equality and fairness.
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