So here's a guy on Huffington Post who thinks the answer to all of our problems is the government.
It's not rocket science to create decent and useful jobs, (although it does go beyond the current cranial capacity of the U.S. Senate). It's obvious that we desperately need to repair our infrastructure, increase our energy efficiency, generate more renewable energy, and invest in educating our young. We need millions of new workers to do all this work--right now. Our government has all the money and power (and yes, borrowing capacity) it needs to hire these workers directly or fund contractors and state governments to hire them. Either way, workers would get the jobs, and we would get safer bridges and roads, a greener environment, better schools, and a brighter future all around. So what are we waiting for?If anyone out there thinks this is the solution to our problems, you are living on a different planet. I could answer these questions, but one reader of the HuffPost said it correctly:
Obviously you have no clue on how capitalism works. Let's look at the last stimulus bill: for every $250,000 spend one $50,000 job was created. Not much bang for your buck there. Impose steep taxes on the rich. Well, how many time has a poor person given you a job? You say “The rest goes into investment” well duh! That is how businesses get capital to invest by selling stocks.At least someone out there gets it.
And NO it’s not that the “private sector job is righteous.” It is that the private sector creates wealth -- government jobs spend wealth -- this is how it works... I have an idea for a new product...I build a factory (employing people) I buy tools (employing people) I hire people to make product (employing people) etc. I have created wealth out of nothing but an idea. Name one government job that has created wealth?
Look at history. After 4 years of Wilson’s progressive tax the country was in a recession. Coolidge massively cut taxes in 6 months the recession was over. After 8 years of the “New Deal” unemployment was almost the same (kind of what you want). Kennedy and Reagan cut taxes unemployment dropped.
Any business person will tell you this first put “Health Care," “Cap and Trade” and “Card Check” on a back burner, eliminate capital gains taxes, drop corporate taxes to 12%, extend the Bush tax cut for one year. Talk to someone in business. If you tax them they and jobs will just go someplace else.