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Joined: 28 Dec 2005 Posts: 11980
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Posted: Sun Jun 28, 2015 8:41 am Post subject: Big Government (Wisconsin) - Supply Side Econ (Kansas) |
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PeakTrader:
The goal seems to be to shrink government. Federal, state, and local government spending has reached 35% of GDP and federal regulations alone cost $2 trillion a year.
The rich will find ways to avoid taxes and the poor don’t pay much in taxes. So, the burden falls mostly on the “middle class,” including on potential small business entrepreneurs.
There are budget constraints and trade-offs. We all want protections for consumers, labor, the environment, etc.. Yet, many businesses cannot afford all the regulations, in practice, and are forced to cut corners to survive. Then, government can fine them or lawyers can sue them.
Over the past few years, we’ve ramped-up government spending and regulations, along with keeping monetary policy in emergency mode, and the country is still in depression with much more government debt. Now, cooling global warming is our top priority?
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Not Posted:
Government has been depressing consumption and production. That's why we're in depression.
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It takes many years to create and build a new industry to attract high-skilled workers.
Private investment plants the seeds and profits are plowed-back to expand.
Government can have a neutral, positive, or negative effect on a new industry.
When there are more high-income workers, then there can be more government services.
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