Dispenser of Negativity
- May 30, 2007
- Reaction score
- Political Leaning
It's not rocket science to conclude that whatever lowers the cost of capital formation, such as lowering the cost of investing in earthmovers, enables contractors to purchase more of them. Workers will have more capital to work with and as a result enjoy higher wages. Policies that raise the cost of capital formation such as capital gains taxes, low depreciation allowances and corporate taxes, thereby reduce capital formation, and serve neither the interests of workers, investors nor consumers. It does serve the interests of politicians who get more resources to be able to buy votes.
A man once said that "Education is the ultimate equalizer", statist ****stain politicians love a stupid populace.
Politicians Exploit Economic Ignorance by Walter E. Williams