Government is the Problem. Taxation is Theft.

The Government Using my Stolen Income to Study Quail on Cocaine

Government Spending Doesn’t Create Economic Growth

01/25/2019

The view that an increase in government outlays can contribute to economic growth gives the impression that the government has at its disposal a stock of real savings that employed in emergency.

Once a recessionary threat alleviated, the government may reduce its support by cutting the supply of real savings to the economy. All this implies that the government somehow can generate real wealth and employ it when it sees necessary.

Given that, the government is not a wealth generator, whenever it raises the pace of its outlays it has to lift the pace of the wealth diversion from the wealth-generating private sector.

Hence, the more the government plans to spend, the more wealth it is going to take from wealth generators. By diverting real wealth towards various non-productive activities, the increase in government outlays in fact undermines the process of wealth generation and weakens the economy’s growth over time.

Read More: https://mises.org/wire/government-spending-doesnt-create-economic-growth

Time to Pay Attention: 8 Men Have as Much Money as Half the Entire World |

The eight richest men on the planet are now worth as much as 3.6 billion people

 Posted on by Claire Bernish

A startling figure has just been released showing the ever-widening gap in wealth between the world’s upper echelons and nearly everyone else — the eight richest men on the planet are now worth as much as 3.6 billion people.

Oxfam plans to release its report at the World Economic Forum — a convention for top business executives, academics, and policy makers — which begins on January 17 in Davos, Switzerland, and this year will focus on “responsive and responsible leadership.”

While it might be tempting to view the statistic of so few people having amassed as much wealth as 3.6 billion as the problem in itself, it should be noted many of the businesses they own or run receive government welfare, incentives, and benefits the rest of us would never be privy to.

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