Can government create wealth?
Marxist President Obama asked:
To me wealth creation is a man taking a lump of iron ore that costs $1, adds a few other metals for another $1 pays for $1 worth of labor and creates a slab of steel that is worth $5.
Does government do anything like that or do they just tax this man on his $2 profit and try to redistribute his wealth?
Farrell
To me wealth creation is a man taking a lump of iron ore that costs $1, adds a few other metals for another $1 pays for $1 worth of labor and creates a slab of steel that is worth $5.
Does government do anything like that or do they just tax this man on his $2 profit and try to redistribute his wealth?
Farrell
November 26th, 2008 at 11:35 am
The Federal Reserve helps banks create wealth. The Federal Reserve sets the prime interest rate and they loan money to banks at the prime interest rate. Banks then loan out their money at prime +, thus when you pay back your loan the bank you borrowed from makes a profit. Wealth is created.
November 26th, 2008 at 9:30 pm
Wow that was deep. No what the govt. does is give people a chance to capitalize through free enterprise. It is called capitalism. You can not lend money without expecting things in return. Profit is made through interest.
November 29th, 2008 at 10:09 am
If you think about it, the people are the government. The governmental system itself is so corrupt, the system will create wealth then snatch it back as in your last scenario. After the govermental system snatch the money from the little man, they increase their salary to themselves. Sad, but true. That is why we pray for a govermental system.
November 30th, 2008 at 2:00 pm
Well the way I see it is the WORKING PEOPLE , keep the people who do not want to work that is how I see Obama spreading the WEALTH, but I hope he uses some of his own money to do that
December 1st, 2008 at 8:21 pm
Yes you are exactly right, if government could create wealth then why is our national debt so high?
December 5th, 2008 at 1:07 am
this ? is amazing.I know this will go over the heads of the far left, but if obama gets his way well you described it in a nutshell. Kudos for trying to get people to think
December 6th, 2008 at 4:33 pm
I think I should point out that the men who actually do that are hourly employees who see very little of the profits.