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To: Sherman Logan

It can be profitable to automate to avoid govenment imposed labor costs- yet is any new wealth created in that case? The government now has the added welfare costs of the lost jobs that it will take out of the wealth in the economy and spend.
And as far as ‘redistribution’. “Redistribution” is taking wealth and converting it to spending... leaving less wealth available for investment in new industries.

So ‘progressive’ government makes it profitable to replace labor, and destroys any new wealth created so new jobs are not created.
“Redistribution” is a downward spiral.


113 posted on 03/22/2015 1:33:51 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: mrsmith

I’m not an economist, but I suspect you don’t have the whole picture there.


118 posted on 03/22/2015 2:59:41 PM PDT by Sherman Logan
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