Thursday, 27 December 2012
Public Sector vs Private Sector War!
The private sector pays for both the public sector and tax that those in the public sector pay. The public sector workers think their tax pays for things but it does not, it was given to them by the same hand that takes it off them, it's just wave of the hand.
Regarding those that talk about, "capitalist bastards", with reference to the financial sector, this too is misleading - the system whereby the banks are bailed out is not capitalist at all. A capitalist system would be on whereby the banks would go bankrupt when they screwed up.
Take the USA, the US is really struggling now, with countless trillions in debt. The REASON is that they gave all the manufacturing jobs to the 3rd world (Europe is doing similar). If the US does not manufacture, then it's service industry will soon leave the USA and follow the manufacturing industrial base in developing counries: those service industry jobs too will be outsourced, the entire US working class and middle class will be unemployed. Already, under Obama, the middle class is vanishing and the working class have no jobs. They massage the stats to hide these horrific numbers of course, by not including X and Y and Z in the unemployed figures.
As for the Keynesian argument that the world would go bust if governments stopped spending loads, that's a tautological fallacy that assumes one thing: tax does not go down.
The correct way is to tax people less and to have SMALL government that spends less. That way the economy grows because the money flows more in the private sector (wealth creator) than in the public sector (wealth destroyer). yes the public sector is needed but it is too BIG!
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