I have noticed in the press that once again government is saying that they are creating jobs. If government returning tax funds to the private sector creates jobs, then when the taxes are taken out of the private sector, jobs are destroyed. It would be more accurate to say that government is restoring previously destroyed jobs in the private sector while incurring administrative costs in taking the taxes out and then putting them back in. The next worst thing the government does is destroy productive jobs in the private sector and replace them with productive jobs in the public sector which are less effective due to bureaucratic management. The next worst thing the government does is destroy productive jobs in the private sector and replace them with unproductive jobs in the public sector. The next worst thing the government does is destroy productive jobs in the private sector and replace them with bureaucratic waste and inefficiency. Canadian governments take over 40% of the annual private sector income in taxes which is a tremendous loss in potential investment and the associated employment. Governments ignore the negative effect they have on the economy. When a government claims to be creating jobs either they are dishonest or they do not understand the impact of taxes on the economy. The truth is that the net effect of governments is to destroy jobs.
Archives
- April 2020
- March 2020
- September 2019
- June 2019
- March 2019
- December 2018
- July 2018
- June 2018
- May 2018
- September 2017
- October 2016
- August 2016
- June 2016
- January 2016
- November 2015
- October 2015
- December 2014
- July 2014
- June 2014
- August 2013
- March 2012
- February 2012
- December 2011
- October 2011
- August 2011
- July 2011
- March 2011
- December 2010
Link
- Austrian Economics Articles, ebooks, and an online store for libertarian materials.
- Libertarianism Information
- The Church of Jesus Christ of Latter-Day Saints Information
Leave a Reply