Monday, September 05, 2011

The Magical Money Machine

Like an alchemist seeking to turn straw into gold, Maxine seeks an amulet. She has a message of a perpetual motion machine that does work while simultaneously generating its own power to keep going forever. Somehow in her world there is no cause and effect relationship. Listen to her hope for the future:

Creating Jobs By Pump Priming Forever

See how easy that is? You simply take a trillion dollars or more and "put it out there". Then people get jobs, make money and spend it. You don't hold taxes down on businesses or the successful. You tax those few remaining people who pay income tax in our progressive system.

Or, maybe you go out in the yard to the big money tree and pluck down a trillion or more.

Yeah, that's the answer.

Ms Waters, learn this: Governments make no product. They have no income or money of their own. Since they have no money and make no product they can create no jobs. Having a government take money out of the economy through taxation then redistributing it is not creating a job.

2 comments:

an Donalbane said...

The way for a Democrat to create a small fortune is to start with a large one...

Randall said...

Well Ed, here's the thing. You have to look at it from a different perspective. Governments CAN create a product, produce wealth, and create jobs. It has been done by various nations throughout history. It is done by raising an army, (creating jobs), using the army to take your neighbor's land, (creating a product), and treasure, (producing wealth). Now if you look at our current situation, whereby we have two very distinct cultures living in this country, which more and more are becoming two separate nations, these policies start to look a little bit like a war of conquest. The only difference is that the war is being fought in the media and the courthouse and not the battlefield.