I wonder how many of these "Job Creators" really believes that the wealthy create jobs, or if they are fully aware it's BS?
― Upton Sinclair[1]
1) http://www.goodreads.com/quotes/21810-it-is-difficult-to-get...
And this is why they consider themselves the job creators. They invest in all sorts of companies and markets and without the initial investment to start a company, there wouldn't be anything for the middle-class to purchase with their middle class salary, not to say no one to pay that salary either.
If they just bought gold and hid it in a vault, then I expect them not to consider themselves job creators.
And this is why they consider themselves the job creators.
But this is a very inefficient way of creating jobs; that's one of the main points of the article. Most of the 1%'ers wealth is in investments that they do not actively manage. That has to be the case, because a single person just doesn't scale. There's no way any single person can efficiently determine how best to spend billions of dollars. But if you spread the billions of dollars out among thousands (or even millions) of people, they'll find much better ways to spend it--where "better" means "creating more wealth in aggregate".