Someone Needs to Say It
Friday, October 23, 2009
Monday, October 05, 2009
You can't create wealth by destroying productive assets
Someone ought to tell the government. Cash for Clunkers was stupid. The WSJ has more on the subject and includes an estimate that $2,000 in wealth was destroyed for every one of these transactions.
The problem is that people in government consider it a great success and therein lies the problem. The PEOPLE aren't completely stupid all of the time. I believe that people who might otherwise be trading cars presently are waiting to see if the government reinstitutes the program. I am suggesting that the business that car dealers might otherwise be getting is not happening because people think another program might be just around the corner. After all, it was a "successful" program, right? If it was so successful and since the economy is still stalling, why not bring it back? Why trade now if the government might play Santa Claus and steal $4500 from someone else to put into my pocket in a few months. I think I'll wait. How's that for stimulus?
Friday, October 02, 2009
Pork for Local Pork
Wampler Sausage in Lenoir City is getting $46,875 from the USDA, $75,000 from the State of Tennessee and $56,250 from the federal government so that it can install a solar power system.
If I paid less in taxes, I might be able to afford solar panels on my own home. Instead, these various governments steal the fruits of my labor and give it to a more favored constituency.
Is this the kind of government we want?