The element of risk is a necessary element in wealth creation.
Certainly. I've lived it when I went into business for myself.
The government cannot create wealth.
It can create opportunities for wealth to be created. Infrastructure is a good history lesson in the creation of wealth for the TeaBaggeds to learn from, if they use their empty little heads. Going back to Roman times, roads making travel quick over land, was known as a way to trade with others. Later on in history, guys like Vanderbilt built huge fortunes based in infrastructure, where land and tax dollars were used build those fortunes. It also built the fortunes of others trying to reach new markets for their goods. Later on again, we've seen the FAA keep the skies relatively safe for air travelers and other cargo that is flown around the world, through the infrastructure and regs the government created.
The Vanderbilts disagree. But if you want to get into the multiplier effects of tax cuts versus help for the unemployed or poor... OK. It's a little old, but you'll get the idea if you have even a modicum of economic whats-the-most-effective-way-to-avert-an-austerity-crisis-more-stimulus/]What?s the most effective way to avert an austerity crisis? More stimulus. - The Washington Post[/url]
When it's spent, as the above link has shown, it goes into the economy directly.
But the investment isn't worth shit if people aren't buying goods, or borrowing money, etc.
LOL! You're in total need of a lesson in the most basic economics. Look, dude... No infrastructure, no goods move. No goods moving, no markets to buy it. Think of it like this... Since the wealthy don't create infrastructure, then government has to do it for them. That takes taxes to do. So, the taxes are a form of giving the wealthy opportunities to exploit markets. Not just that, but the raw materials have to get from the ground to the factory, and you need roads and railways, with bridges that aren't going to fall apart for that.
You'll never make it in understanding business with that attitude.
The first sentence of this paragraph blows your own previous argument out of the water. Plus, government has done pretty well at making it all come about by contracting private companies to build all that stuff. But, in the meantime, just because I like to smack down the ignorant and snide, I'll leave you with a thought that I know from first hand experience: government run entities are often run cheaper, with better service, than private ones.
Get a ******* clue. I know you ideas make you feel good about yourself. But the reality is that lacking risk and profit motive you cannot create wealth.
I'm giving you a clue. I'm not too hopeful you'll grasp it. But I can hope for you to be able to understand the very fallacies in your attempts at logic. Since you don't have a background in business, I'll be here to help you out if you get stuck.
.
Sent from my iPhone using USMessageBoard.com
Heh... DARPA gave you something useful to use.
