Monday, July 18, 2011

Question: How does government create jobs?

Answer: It doesn't. All government does it takes money from the productive and gives it to the non-productive, or industries (such as so-called green energy) it deems worthy.

This article from the Orange County Register shows what can happen in a low-tax, low regulation environment.
The owner of the company hit the nail on the head here."All the non-entrepreneurial folks say that I’m being greedy by not paying the taxes I should be paying in California but let me tell you what I’ve done. I’ve turned (the money I saved) back into my company with $100,000 in new equipment purchases and started two other ventures to employ additional people currently looking for work. That’s how greedy I am."
So now there are more employees paying taxes, buying stuff, giving to charities and growing the economy. And just think, it all happened without the governments help.