REWARDS INDIVIDUALS WANT: Charles W. Kadlec: Gold vs. The Fed: The Record Is Clear - WSJ.com
What's the real issue? Is it gold or the amount of money in circulation? I'd say the answer is unequivocally 'No'!
After all, why to people work? They want to get paid for it; and, if government taxes most of the work away, then you work less. And, if by not working, you get free healthcare, food stamps, etc. - then all the more reason not to work.
Why do people create businesses? They certainly don't do it to hand the profits to government if they are successful, but have to bear the losses themselves if they fail.
Why do people save and invest? Yes, for a rainy day or a specific goal in life; but again, they want to know they'll be rewarded for not consuming today so they can consume tomorrow. Again, if the government taxes away the profits or takes too much of them, then people decide not to save, not to take risks, not to invest.
What government doesn't get is that people work hard, invest and create jobs because they want some personal reward at the end of the day.
And, with government unions showing obscene pay and benefits and ever greater tax demands, it's a wonder more businesses aren't moving out of the US!
Friday, October 29, 2010
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