On the other hand, a complete and total free market becomes predatory quickly. Government has a role to play - it builds roads, manages the mail (though that can and should be scaled back, particularly by cutting out advertising from the mail, which would cut volume), ensures that monopolies aren't created (at least in theory) and organises the national defence.
Taking into account the caveats listed above, I agree with Wynn. Give businesses an opportunity to make money and they will employ people. Those people will have money to buy things, get a mortgage for houses and save for the future. If you REALLY want to make sure that the economy takes off, give huge tax incentives for companies that employ large numbers of skilled or semi-skilled workers because they will have to pay them better.
Taking into account the caveats listed above, I agree with Wynn. Give businesses an opportunity to make money and they will employ people. Those people will have money to buy things, get a mortgage for houses and save for the future. If you REALLY want to make sure that the economy takes off, give huge tax incentives for companies that employ large numbers of skilled or semi-skilled workers because they will have to pay them better.
Political correctness is the pettiest form of casuistry.
ἡ δὲ κἀκ τριῶν τρυπημάτων ἐργαζομένη ἐνεκάλει τῇ φύσει, δυσφορουμένη, ὅτι δὴ μὴ καὶ τοὺς τιτθοὺς αὐτῇ εὐρύτερον ἢ νῦν εἰσι τρυπώη, ὅπως καὶ ἄλλην ἐνταῦθα μίξιν ἐπιτεχνᾶσθαι δυνατὴ εἴη. – Procopius
Ummaka qinnassa nīk!
*MySmiley*
ἡ δὲ κἀκ τριῶν τρυπημάτων ἐργαζομένη ἐνεκάλει τῇ φύσει, δυσφορουμένη, ὅτι δὴ μὴ καὶ τοὺς τιτθοὺς αὐτῇ εὐρύτερον ἢ νῦν εἰσι τρυπώη, ὅπως καὶ ἄλλην ἐνταῦθα μίξιν ἐπιτεχνᾶσθαι δυνατὴ εἴη. – Procopius
Ummaka qinnassa nīk!
*MySmiley*
/Economy: Why I love Steve Wynn
13/10/2009 06:22:25 PM
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o_O
13/10/2009 06:31:43 PM
- 388 Views
He's talking about real jobs, not government bureaucracy jobs
13/10/2009 06:38:39 PM
- 361 Views
Not everything the government does is a net drain, bud
13/10/2009 06:47:11 PM
- 355 Views
I said "government JOBS" are a net drain on the economy
13/10/2009 07:04:04 PM
- 466 Views
Someone has to make and deal out those food stamps, bud *NM*
13/10/2009 07:04:48 PM
- 139 Views
I completely agree with Wynn's points.
13/10/2009 06:36:32 PM
- 374 Views
That's a pretty lame debating technique there, but otherwise, he has some points. *NM*
13/10/2009 07:02:51 PM
- 129 Views