Quote:
Originally Posted by Buffy
No, the Depression was ended by the massive Government spending projects promoted by Roosevelt in the mid-30's. WWII actually *delayed* the economic recovery and worsened the recession of 1946-48.
Is there some reason that you wish to promote death and destruction while simultaneously delaying our economic recovery?
War material is a *bad* investment of tax dollars because it adds nothing to the economic infrastructure: it is pure dead weight that worsens economic productivity. In economic terms it has a negative multiplier effect.
People who promote such ideas have no understanding of economics.
Buffy
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Actually, FDR's worker programs and WWII had the same overall effects on the economy. Some (very minor) infrastructure was added in the 30's, but by enlarge it simply pumped money back into the buying power of a few. It did NOT create wealth which is and always has been the foundation for National Growth. The end result; Income Taxes, rose from 30% in 1929 to 70% in 1937
yet unemployment and many traditional key factors to judge the economy remained the same. GNP (todays dollars) 1929...103.8 Billion, 1933 55.8 Billion and not until June 1940 did it return to pre depression levels.
I agree War should not be a means to improve economic standards, I would disagree that the war for some reason should not have been entered. However Government spending went from Social to Industry, which did create much of the Industry that exist today, bring back some former industry and most important bring the investor back into the equation. I have argued, if the War had not occurred, the results would have only stalled the already increasing economy by ten years, but never that is was in NO way instrumental in the economy. Suppose, I know nothing about economics, but is my view..
Dave; I am one that has opposed the 'Bailout', feeling Government cannot artificially support the values of anything, especially where apparently no demand exist. The market value of homes involved are based on what people WILL pay, not what previous buyers HAD payed.
As for Government programs to supply what should be from Industry is pure socialism. If a need exist, or that the public would support, there would be some one or some current industry to provide. Rail was the major form of transportation for decades, still is in many urban areas and not all supplied by Amtrak. Nationally, industry supplies a very well maintained 'rail system'. In recent years publicly owned industry has increased movements of virtually all 'non-timed deliveries' by hauling commercial truck trailers or the use of containers. As for those vacations, people have chose to fly, drive or take the bus. If you lived out here in the mid-west, you can see daily Amtrak Passenger cars with very few on them to NOBODY.
Education; We spend on average 10k plus, per student per year and in the worst systems they spend up to 16K per (Washington DC). This is coming in large part by the people that live in the area of the school district. How much more can you bleed from those people, where more and more are retiring or just moving to avoid the taxes. You can't ever reward the many fine teachers that practice, since its all based on tenure. Private schools or anything just not based on Government/Union controls are doing quite well, with very high percentages going on to college and comparatively non existent drop out rates. Beyond K-12, there remains no reason why any person can't attend or learn from any numbers of means, IF THEY WANT TO...
Tax benefits; Social engineering is what your asking for and I would bet to save the planet from mankind's evil ways. As a smoker and a beer drinker, I have about had it with taxes, said to pay for my medical cost. While those taxes go to pay for obesity and all the problems those folks bring on themselves. Said another way, what each individual considers to be the correct lifestyle or any group of them, should not be used to punished others...
Technology is itself a product. Why not go to Cable Access, where industry finally has gone most everywhere or you can receive TV via satellites. Government still uses typewriters, hardly a source for gaining technology...
