Quote:
Originally Posted by Baraka_Guru
Spending and investing are connected. If people start spending money on consumer goods, inventories drop and they need to be replenished. If the spending grows to a level where demand outstrips supply, what happens? There's market growth and investors want a piece of it.
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Investment is different than spending. Investment leads to innovation, productivity gains, standard of living increases, increased tax bases, etc. Spending is current consumption. A farmer can spend $1,000 on a TV or the farmer can invest $1,000 in seed corn. We need investment. Investment will fuel employment. Employment will fuel current consumption. But, forgive me for yet another supply side argument - it is ingrained in my psyche.
We need the next Microsoft, the next Apple, the next Ebay, the next Google. We need people who can take an idea and turn it into a multi-billion dollar enterprise. Government needs to creat an environment for that to happen.
---------- Post added at 06:02 PM ---------- Previous post was at 05:59 PM ----------
Quote:
Originally Posted by Willravel
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I want smaller government, as measured as a percentage of GDP. Thanks.