How many jobs does a dollar of taxes or government borrowing destroy?
We didn't get out of the Great Depression until
government borrowed over 100% of GDP to ramp up war manufacturing. The resulting
government jobs put nearly everyone to work. And guess what happened as a result? Answer: since everyone had money to spend on "Main Street, the Capitalist had an incentive to invest, produce and add jobs, which put even more consumers in the economy, which incentivized even greater investment and job growth, which jump started a cycle that saw multi-decades of economic growth, including the 50s and 60s, which had greater growth than the Supply Side boom in the 80s & 90s, which boom was artificial because it was over-reliant on the expansion of credit to consumers. Regarding our WWII-government-borrowing which stimulated massive economic growth, please note: we could have built the bombs and dumped them into the ocean
AND the economic growth would have been the same: tons of people with jobs and as a direct result, the needed purchasing power to stimulate Main Street job growth. FYI: the resulting economic growth also lead to increased revenue and, as a result, allowed us to pay down the massive deficit.
Military Keynesianism (WWII war spending) demonstrated the power of deficit spending during a recessionary cycle. This institutionalized Keynesianism as the primary monetary tool until it was over-applied in the 70s and lead to terrible inflation, followed by stagflation.
How many jobs does a dollar of taxes or government borrowing destroy?
Do you know how many jobs Ronald Reagan created through massive government spending/borrowing? Do you know how many government jobs Reagan assed to the economy. It was/is unprecedented. Don't take my word for it. Research - and this is just a small piece - the defense related industries in just Orange and San Diego County. Do you know how many
government jobs Reagan created in
just these two counties? Do you know how many workers-cum-consumers these government jobs put on the respective "Main Streets" of these counties? Reagan was a master Keynesian. He used Government jobs to put more spenders in the stores of capitalists - and it ******* worked.
(I remember when all the Lefties cheered as Clinton, in our post Cold War euphoria, started closing military bases all over the country. He destroyed a few small towns that depended on Marines with spending money. Turn off FOX News. The creation of government jobs has always been a powerful "Main Street" stimulus. And the Presidency of Ronald Reagan proves it. Camp Pendleton is a small city of Government Jobs in North San Diego County. Do you know how much the Marines spend at small businesses in that county? One day you are going to wake up and realize that Government Jobs, until the GOP forced Obama to cut them via sequester, were responsible for massive economic growth. Again: people with have money to go into stores and buy shit. When people buy lots of shit from the capitalist, the economy grows. And when the economy grows, there is more revenue to pay for the cost of government jobs. Again, study the Reagan presidency to see how it is done.)
That requires people to save money, not spend it.
Have you ever heard of the paradox of thrift? Spending is sacrosanct in the empire of consumption. Do you know how many shopping malls we have? Do you know how many workers (consumers) those shopping malls employ? Do you know what happens to those shopping malls when everybody saves and doesn't buy the dog shit at Best Buy?
As I already explained, saving creates job. Every dollar not sent to Washington means productive people put money in the bank and other people invest it.
You are insane.
Government (taxation) has played a MASSIVE role on the investment side, which means you need a less FOX'IAN theory of government spending. Satellite technology came largely out of the Cold War Pentagon and NASA budgets (i.e., government spending). Do you know how many private sector corporations make MASSIVE profits because of satellite technology? You need a better understanding of the advanced industrial infrastructure upon which the market depends. Just for the sake of your own credibility, you should understand how much money government poured into Boeing and commercial aviation (again through the defense budget) - and how much profit was built on top of it.
Son, if you look our last two multi-decade growth spurts -- 50s-60s & 80s-90s -- you will see massive government funded investment in commercial technology (mostly defense related), along with an insane number of government workers, all of whom had good paying jobs which allowed them to spend like crazy on "Main Street" so that our small businesses could keep hiring.
Every major capitalist economy has been heavily state dependent. All profit makers have been heavily state dependent. This is why our most successful corporations have built lobbying empires in Washington DC. Do you have any ******* idea how much subsidy-money our largest, most successful corporations get from government? Have you ever researched the amount of assistance John Galt actually gets? These same profit makers own your media sources. And they have taken advantage of the fact that you are not educated enough to understand how much government spending goes into their pockets.
Giving money to parasites only creates government dependents.
Agree 100%. Some people on welfare are corrupt parasites, much like some of our politicians. But many of those people want to work. Problem is, they live in a world where there are 3 million unemployed but only 1 million available jobs. The Reagan Family accepted assistance during the Great Depression. Ronald Reagan and his jobless father were not parasites, they just lived during a time when there was not enough work for those who wanted to work. FDR gave them help until the economy started to grow and add jobs - and then the Reagan's transitioned from welfare to productive citizens ... to President of the United States of America. FDR calls it an investment in the American People.
Dude, in the long history of our nation, we have given trillions of dollars to countries like Saudi Arabia, Iran and Iraq. Maybe we should dial some of that back and invest in our own citizens. We just need people like you to stop hating them.
