1. The minimum wage helps workers & the economy.
No, it makes labor more expensive and discourages hiring.
2. There are only so many pieces of the pie. If the rich get richer, the poor must get poorer.
Wealth is not a zero-sum game. When people trade freely, both sides get something they want more.
3. Money is wealth.
Money has no intrinsic value. You can't eat it, live in it, or wear it. It's only use is to trade. Wealth has many forms, including goods, services, and knowledge.
4. Government spending stimulates the economy.
No, it redirects scarce resources to less efficient activities. If those activities were truly wise, people would freely invest in them. If the only way to fund something is with money taken by force (taxes), then it probably isn't a good idea.
5. We are the government.
No, society is not government. Government is a relatively small part of society. Those who form it have their own goals and wants which often conflict with others outside government.
6. A low tax policy means trickle-down economics.
Money trickles up and down. People who want high taxes want the the trickling to be to and from the government.
7. High tax rates are good for the economy.
No, they discourage production, saving, and investment.
No, it makes labor more expensive and discourages hiring.
2. There are only so many pieces of the pie. If the rich get richer, the poor must get poorer.
Wealth is not a zero-sum game. When people trade freely, both sides get something they want more.
3. Money is wealth.
Money has no intrinsic value. You can't eat it, live in it, or wear it. It's only use is to trade. Wealth has many forms, including goods, services, and knowledge.
4. Government spending stimulates the economy.
No, it redirects scarce resources to less efficient activities. If those activities were truly wise, people would freely invest in them. If the only way to fund something is with money taken by force (taxes), then it probably isn't a good idea.
5. We are the government.
No, society is not government. Government is a relatively small part of society. Those who form it have their own goals and wants which often conflict with others outside government.
6. A low tax policy means trickle-down economics.
Money trickles up and down. People who want high taxes want the the trickling to be to and from the government.
7. High tax rates are good for the economy.
No, they discourage production, saving, and investment.
No comments. Anywhere. Is it because your site looks like a throwback to 2003, because your "writing" is excruciatingly dull, because you're still saying "derp" when even the most slow-to-adapt morons have moved on?
ReplyDeleteBut I do enjoy your narcissistic cut-n-paste jobs at Hit & Run.
ME: blah blah blah
HIM: blah blah blah
ME: blah blah blah
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ME: blah blah blah
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ME: blah blah blah
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ME: blah blah blah
HIM: blah blah blah
Fascinating. Who says one cannot make a career of masturbation?
http://youtu.be/awgWVpi6BZ0
Hi Mary Stack. How did the Botox turn out?
ReplyDelete