If this were true, Africa should be an economic powerhouse. Investment plus innovation creates jobs. Malinvestment obviously does not, at least not for long except in the government sector.
Bye, Bitch!
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If this were true, Africa should be an economic powerhouse. Investment plus innovation creates jobs. Malinvestment obviously does not, at least not for long except in the government sector.
You should try arguing less and thinking more. Do you think the entire continent of Africa should really be an economic powerhouse? That statement is not very well thought out, similar to your other one about Shark Tank.
It’s the very large corporations that have major shares of markets in drugs, communications and energy, etc that are crying for tax cuts because they are in businesses where customers have no choice but to use their products and services. Tax cuts are an easy way to pad profits. They will not be creating many jobs with tax cuts.
To be completely transparent, I am not against cutting taxes at all. I am against giving phony reason for the tax cuts, like they will create jobs.
I'm not arguing that. The main jobs they will create is at Ferrari dealerships.
You can tell how bogus a policy is by the arguments advanced to support it. Paul Ryan is claiming the tax cut will put $4k into the average worker's paycheck. The logic behind this is so dubious as to be laughable. He seems to be arguing that companies will use the tax cuts to raise wages. Why would they do that? Out of a sense of altruism? Most of it will end up in CEO's bonuses.
There may be good arguments for corporate tax cuts but Ryan's argument is not one of them.
The best way for the Federal government to create jobs is through policy decisions and subsequent investment. For example, if there were a national initiative to cut class sizes in public schools by 50%, that would create jobs now and the product of that initiative would create still more jobs in the future!!! If there was a national initiative to put six years of foreign language learning into every public grade school in the country, that would create jobs, etc. There are plenty of worthwhile jobs that can't be off shored, but vision is needed to recognize where they are, and policy decisions are needed for implementation.
Nothing of this sort can be accomplished now because these kinds of national initiatives require government action. The present administration views government as bad and so it has set out to dismantle government rather than make government more efficient and better. There are two very different philosophies at odds with each other and hence our current stalemate.
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Education is not a make-work venture for the teachers union.
Give out vouchers and let people invest where they are getting returns. That may or may not create jobs. Six years of learning ebonics in public schools does not make a student intellectually rigorous or increase the global competitiveness of the country. If municipalities want to provide a "public option" for education and they can attract enough voucher money to make it work, then that is fine too. Please don't give me any jive about how this takes money away from the kids who need it the most. It is the exact opposite. Refer to Chicago for more on this.
Among many other problem, the voucher approach to education creates horrible inefficiencies.
Right. No one can create mediocrity and substandard performance quite as efficiently as the current public school system - and you would not want to disrupt that. OR NOT.
I am off topic for this thread so will stop there. I like to discipline myself once a month and I only have a few days left to do that for October.
More govt jobs is the kind of thinking which dooms a country.
In the late 80s I was playing tennis tournament in yugoslavia.
I saw about 10 guys siting around the bar area a resort. Drinking beer and smoking at 10 am but in the shabbiest clothes I had seen.
Then when tennis match ended they walked out on the court ans swept it and the lines with smallish brooms.
They had 10 govt jobs doing what I had done as a 14 year old by myself at my tennis club.
And I was probably making what all ten of them made combined.
That is what happens when govt takes over the economy.
I can tell you more stories. Like when a guy who one won of the tournaments hands were shaking when he gave a guy I was traveling with some money to purchase jeans in italy on our day trip across the border. That guy was not allowed to leave because he was romainian and that was a crap load of money to him... he was going to sell them on the black market. He was risking his career and perhaps jail time. That is what happens when you allow crony run govt to take away your freedom
In the late 80s I was playing tennis tournament in yugoslavia.
I saw about 10 guys siting around the bar area a resort. Drinking beer and smoking at 10 am but in the shabbiest clothes I had seen.
Then when tennis match ended they walked out on the court ans swept it and the lines with smallish brooms.
They had 10 govt jobs doing what I had done as a 14 year old by myself at my tennis club.
And I was probably making what all ten of them made combined.
That is what happens when govt takes over the economy.
I can tell you more stories. Like when a guy who one won of the tournaments hands were shaking when he gave a guy I was traveling with some money to purchase jeans in italy on our day trip across the border. That guy was not allowed to leave because he was romainian and that was a crap load of money to him... he was going to sell them on the black market. He was risking his career and perhaps jail time. That is what happens when you allow crony run govt to take away your freedom
I’m all for large initiatives. Whether it was bringing electricity to the south in the 1940s or the moon shot in the 1960s, those initiatives paid back handsomely and advanced our country by a couple of decades easily.
I don’t know about cutting class sizes in half but I would like to see an expansion of broadband, WiFi (for driverless cars) and 5g cellular coverage. This would open up vast areas of the country that are neglected and underdeveloped. And we could do this for relatively cheap.
Sometimes it can be accomplished by just removing the government regulations that make it harder for the private sector to do it.
However, I am not a total purist, and do think that publicly funded initiatives can and are needed. That's why I think that Obama's stimulus program was a complete crock. A bunch of projects coming out of a shake and bake bag and no one can point to anything that was permanently advanced as a result.