That is utterly and unequivocably rediculous.
There are numerous examples where a free market, not government intervention, has brought prosperity. USA, China, India, Hong Kong, Japan, etc. etc. Since the USA and the EU has started to tax the rich to give to the poor, we are going broke.
I'm pretty sure the child laborers of the world would challenge the idea that the free market does any such thing.
And I'm pretty sure Stalin agrees with you. I can do ad hominem too.
@Dr Herbie: So because the earth is a sphere, the rich do not create jobs,.. gotcha.
On a more serious note;
That guy is exactly proving my point.
Regulations increase (more government), less jobs, rich get more money, poor get less.
Just take it to the extreme, how many consumers would you have with 100% tax? One, the government.
How many consumers in the USA with 0% tax? Right, 350.000.000. So, decrease tax, increase number consumers, increase jobs (and increase tax income).
The only reason a government should interfere with the market, if business between two entities effects a third. That's why government should be able to set standards to the performance of brakes on your car, but not wether you have an airbag installed.
100% of income gets spent, one way or the other.
That guy has his facts straight, just came to the wrong conclusion.
"15% tax that the rich pay"
That's 15% tax on return on investment, the investment was made with money that had allready been taxed at the highest tax scale! Comparing return on investment to gross income, is comparing apples and oranges.
I don't know where you have dug this guy up, but he doesnt know, or knows perfectly but he is twisting the facts, anything about economics.