Sunday, February 5, 2012

Takers v. Makers

Welcome to the Collaborative Revolution!

The current score - calculated as a percentage of those who pay federal income taxes and those who do not - is 47 TAKERS and 53 MAKERS.  I shudder to think what will happen when the TAKERS out number the MAKERS.  The unfortunate reality, of course, is that the TAKERS include many in corporate America where the real value is being extracted by Crony Socialism.  We don't have much time before we topple over the edge.

Below is an excerpt from Glenn Reynolds excellent column on the topic in the Washington Examiner reviewing Sykes' new book "A Nation of Moochers."

 The moocher-vs-sucker divide isn’t between the rich and poor, but between those who support themselves and those nursing at the government teat.
Plenty of the wealthy are doing the latter, and that has its own consequences, which are often worse than those stemming from goodies for the poor.

In a world of bailouts and crony capitalism - which is to say, in the world we live in today - a rational businessperson has to compare the return on investment between improving a product or service, or lobbying the government for goodies.
Frequently, the latter looks better:  If you spend $1 million on lobbying, and get a $1 billion subsidy from the government, that’s a thousand-fold return on your money.
It’s hard to do one-hundredth as well through actual capitalism.  So why bother to improve your products at all?  Just hire more lobbyists.

Read more at the Washington Examiner:

James L. Salmon, Esq.
Collaborative Construction
300 Pike Street
Cincinnati, Ohio 45202
Office 513-721-5672
Fax 513-562-4388
Cell 512-630-4446
Collaborative Construction Website
Sustainable Land Development International

1 comment:

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