Originally posted by neo96
Wow here it is dumbed down for the general populace:
Government creating jobs means more government jobs which means that money comes from taxpayers which essentially means the government is paying
itself via taxation.
Private job creation means new wealth constantly being introduced in to that system where government taxes it.
edit on 13-5-2012 by neo96 because: (no reason given)
That has gotta be the MOST EVIL lie and propaganda by the republicon artistes around.
Govt does not simply create govt jobs out of nothing. It has to be justified and based upon ratios to population. A nation cannot have just 10
policemen to look after 300 millions citizens. As the population increases, so too must gov jobs be created to ensure governance is properly
And those jobs are paid by tax revenues earned, justifiable due to the reasons above, for teachers, doctors, education, health, infrastructure
construction so that goods and services have better accesses, stimulate private enterprises job creations by funding of specialized programmes, etc -
social expenditure. Necessary costs to ensure the economic growth continues.
Private jobs creation is dependent on the profits earned by the private enterprises. The wages are depended on market & social forces. Unfortunately,
today, profits are easily hidden and taxes evaded, and worse, socially irresponsible offsourcing & offshoring to increase profits, not to pay higher
wages, but to pay higher bonus to employers for hoarding.
The moron bush administrations and his evil lackeys reduced the wealth tax, in the scamming of citizens by the line that the wealthy will use such
wealth to create further jobs. It had been a LIE all along.
All that wealth only ended up on the casino stock market, or property speculations that drives up cost of homes to unsustainables heights, instead of
job creations, for they are irresponsible, lazy and do not want the stress and sweat with managing manufacturing or services trade, and when SHTF,
they hoarded up such wealth.
These were the causes of the financial crisis of '08, and till today, recovery is still not in sight as mistakes were not corrected, and american as
well as common masses around the world faced unemployment, high inflation, eviction of homes, while the rich fled to safer tax havens elsewhere.
If this continues, mistakes not corrected and wealth not shared, then just let the dollar of EVERY nation on Earth be devalued. Whatever that is
hoarded up will become worthless, and a pain to the wealthy. Or just print money freely to keep the dollar value low, drive it to the bottom. It is
the only way to make the rich wake up and take responsiblity for their seflish actions.
The middle classes had already been wiped out and became the poor today. They are the consumers who spend and circulate wealth, for they do not have
much excess cash for savings anyway. As they are poor now, the 99%, they can only spend on necessities. Driving the dollar down will not hurt them at
Inflation while true will rise. A loaf of bread will cost 5 bucks today. When the dollar is down, it may shoot to 10 or 20 dollars a loaf. But the
poor need not worry, simply because if bread is sold at the price, no one or not many will buy, and bakeries,their supply chain will be crippled, and
will have to rationalise their cost eventually, to meet the NEW economic realities. It will be the same for all products, services.
Consumers are kings, not the rich whom feeds on the poor. Rather than to be starved by the rich, let the poor starve out the rich for once instead,
and grow our own food or live on basics in the meantime to watch who will blink. It's a no brainer on who will win. The rich may be powerful but they
are the few. The masses..are the many.
edit on 14-5-2012 by SeekerofTruth101 because: (no reason given)