Quote:
Originally Posted by 1stindoor
100%...  .... |
And that is the difference.
In a nutshell - The private sector creates wealth by taking a $1 item combining it with another $1 item and selling it for $3. The extra $1 is profit to be used to either make more wealth, pay debts or hire new workers.
Government removes money from the private sector and spends it on what government thinks is important. It does not create wealth just moved it around.
There is a need for government services at all level - everybody agrees on that. The debate is on how large government should be.
Taxes can not kill government - but it can kill the private sector.
If taxes get too high and the government workers feel the pinch they give themselves a pay raise and raise taxes to pay for it. So the private sector worker sees no pay raise, his taxes go up and his take home pay get smaller.
Look how well the concept is working for Greece.