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Obviously, you want your "employees" to feel sorry for you.And yet it is still extremely profitable and the tax breaks are awesome.As an employer, at the end of the month I show every employee here a shortened monthly statement. It is without fail that each time a new person is hired they are startled in disbelief at how much money the company pays in taxes/employee payroll taxes/employee benefits etc. They never knew how much money it takes to operate a business...and indeed the "evil company" torch carriers haven't the slightest idea - they all believe that companies and company administrators have bags of money stashed all over the place.
No one ever considers replacement costs, taxes, building repairs, mechanical repairs, product development, business losses - for every $million dollar sale item - a company will have dozens of items that lost money or only made slight margins for variety of reasons. Then you have business insurance, liability insurance, fleet insurance, disability insurance, workers comp insurance, unemployment state contributions...I am just getting warmed up.
Being a business is extraordinarily expensive, especially in America.
Allow me to shed a tear for you and your poor little me act.
Poor little me?
I wasn't aware anyone wanted to be felt sorry for.
"Extremely profitable" you say? Yeah. You are among the clueless when it comes to business that is for sure.
Here's a nickel kid...go buy yourself some gum.
Pork at the federal level is theoretically able to increase industry through the multiplier effect. As Oddball pointed out, at the local level money for projects has to be taken first before it can be spent, and the damage done by stupid taxes and stupid spending gets taken from the multiplier before it gets added back in. So the net is a substantial loss.
Even at the federal level, the damage done through higher taxes, inflation, and the fact that people adjust spending in response to rational expectations is greater than the benefits received.
And one man's pork is another man's vital infrastructure. Reworking the I-5 217 interchange in Washington County would have been considered pork by everyone who did not have to use that area on a regular basis, but when they got done with that project it probably reduced pollution and travel time substantially.
It's expensive being human.... I have to buy health insurance for me, health insurance for Matt, life insurance for me, life insurance for matt, Dental insurance for me, and dental insurance for matt, and insurance on our cars, and pay property tax year after year after year after year on our home, and pay state income taxes and sales taxes in the state, and gas taxes from both the State and Federal gvt, and pay for a driver's license, and hunting license, and pay my electric bill and oil bill, and food bill, and clothing bills....and social security tax and medicare tax and federal income tax...........bwhaaaaaaaaa!
It's just so tough..............!
It may save or create some jobs - but the opportunity cost in terms of the jobs it destroys or prevents from being created due to the transfer payment aspect is higher than the supposed saved/created ones.
Only in the short term...and usually in a really ineffective and inefficient way.
Government (in America) can only create long term employment through expanding the government...which in most cases is also horribly ineffective, chock filled with waste and fraud.
Anytime the government tries to create artificial demand or uses it's influence or tax dollars you get a truly messed up result, usually making the situation it was supposed to "fix"...worse.
The housing bubble being the largest example.
And one that is happening right now, the FED desperately trying to stave off a market crash by outright giving businesses tax payer dollars, monetizing debt etc. etc. This will only increase the depth and width of the inevitable abyss.
hahahahahahahahaha!It's expensive being human.... I have to buy health insurance for me, health insurance for Matt, life insurance for me, life insurance for matt, Dental insurance for me, and dental insurance for matt, and insurance on our cars, and pay property tax year after year after year after year on our home, and pay state income taxes and sales taxes in the state, and gas taxes from both the State and Federal gvt, and pay for a driver's license, and hunting license, and pay my electric bill and oil bill, and food bill, and clothing bills....and social security tax and medicare tax and federal income tax...........bwhaaaaaaaaa!
It's just so tough..............!
Don't forget Coffee and Chocolate....AND SHOES!!!!!!
The answer isn't even yes in the short term.It is obvious the answer is yes, but only in the short term. If the country needs long term jobs AND careers, it is up to free enterprise to produce. It is a shame the government prevents such enterprises from hiring.
Every dollar that gubmint spends to "create jobs" --whether through taxation or inflation-- is expropriated from somewhere else in the economy, which could itself be put into productive use.
There's still no such thing as free lunch.
The answer isn't even yes in the short term.It is obvious the answer is yes, but only in the short term. If the country needs long term jobs AND careers, it is up to free enterprise to produce. It is a shame the government prevents such enterprises from hiring.
Every dollar that gubmint spends to "create jobs" --whether through taxation or inflation-- is expropriated from somewhere else in the economy, which could itself be put into productive use.
There's still no such thing as free lunch.
And even that "growth" is fake, because it leaves out inflation on niggling little trifles like food and fuel.Our current GDP growth rate of 2%, and the fact that the private sector economy is not generating enough jobs to keep up with population growth.
If it is borrowed, it has to be paid back with interest.The answer isn't even yes in the short term.It is obvious the answer is yes, but only in the short term. If the country needs long term jobs AND careers, it is up to free enterprise to produce. It is a shame the government prevents such enterprises from hiring.
Every dollar that gubmint spends to "create jobs" --whether through taxation or inflation-- is expropriated from somewhere else in the economy, which could itself be put into productive use.
There's still no such thing as free lunch.
Not if the money is borrowed. Then there is no "expropriation"
Major fail
Demand-side economics is no less voodoo than supply-side.
And there's no more objectively quantifiable evidence to prove it works...Which is to say there's ZERO.
The answer isn't even yes in the short term.It is obvious the answer is yes, but only in the short term. If the country needs long term jobs AND careers, it is up to free enterprise to produce. It is a shame the government prevents such enterprises from hiring.
Every dollar that gubmint spends to "create jobs" --whether through taxation or inflation-- is expropriated from somewhere else in the economy, which could itself be put into productive use.
There's still no such thing as free lunch.
As an employer, at the end of the month I show every employee here a shortened monthly statement. It is without fail that each time a new person is hired they are startled in disbelief at how much money the company pays in taxes/employee payroll taxes/employee benefits etc. They never knew how much money it takes to operate a business...and indeed the "evil company" torch carriers haven't the slightest idea - they all believe that companies and company administrators have bags of money stashed all over the place.
No one ever considers replacement costs, taxes, building repairs, mechanical repairs, product development, business losses - for every $million dollar sale item - a company will have dozens of items that lost money or only made slight margins for variety of reasons. Then you have business insurance, liability insurance, fleet insurance, disability insurance, workers comp insurance, unemployment state contributions...I am just getting warmed up.
Being a business is extraordinarily expensive, especially in America.
Much of the liquidity being introduced is used by Big Banks to buy Treasuries.
It's a racket.
And yet it is still extremely profitable and the tax breaks are awesome.As an employer, at the end of the month I show every employee here a shortened monthly statement. It is without fail that each time a new person is hired they are startled in disbelief at how much money the company pays in taxes/employee payroll taxes/employee benefits etc. They never knew how much money it takes to operate a business...and indeed the "evil company" torch carriers haven't the slightest idea - they all believe that companies and company administrators have bags of money stashed all over the place.
No one ever considers replacement costs, taxes, building repairs, mechanical repairs, product development, business losses - for every $million dollar sale item - a company will have dozens of items that lost money or only made slight margins for variety of reasons. Then you have business insurance, liability insurance, fleet insurance, disability insurance, workers comp insurance, unemployment state contributions...I am just getting warmed up.
Being a business is extraordinarily expensive, especially in America.
Allow me to shed a tear for you and your poor little me act.
Poor little me?
I wasn't aware anyone wanted to be felt sorry for.
"Extremely profitable" you say? Yeah. You are among the clueless when it comes to business that is for sure.
Here's a nickel kid...go buy yourself some gum.
