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Pittsburg, Kansas | After I posted that it did not seem like as good of explanation as I hoped. Just had trouble putting words together.
Government generally speaking creates nothing (with the exception of some income from natural resources it gets). Whatever it does it has to take from someone else. I also agree that a certain amount of taxes is needed to build and maintain the modern infrastructure we all have become accustomed to enjoying. But if you look at the amount of infrastructure spending compared to a multitude of support and entitlement programs it is a very small percentage of the total.
I prefer to find solutions that do not involve the government being required to take from one group to give to another. I prefer to find a solution where the deck is not stacked for existing money but gives equal opportunities to everyone. With a free market, there will always be some that are more successful, more driven, more lucky, less lazy and less stupid. So I am not at all advocating some "equal income" or "equal outcome" type thing. Just something where the deck is not stacked in favor of those who can gain political privilege. Plus I would like a monetary system where the money supply is not dependent on borrowing money into existence. I think this gives great advantage to those near the money creation. Why should it be required that someone has to borrow money for there to be any to use? Velocity is important also, but if too many people try to "get out of debt" the money supply contracts. Velocity would have to work even harder. The system is designed so that people HAVE to be in debt for anyone to have any money to spend.
John
Edited by John Burns 1/8/2016 06:22
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Bill Gross on current investment climate.
