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Technology Stocks : Semi Equipment Analysis
SOXX 299.48-4.8%Dec 12 4:00 PM EST
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To: Return to Sender who wrote (5335)9/8/2002 8:31:59 PM
From: Cary Salsberg  Read Replies (2) of 95579
 
RE: " Government jobs take from the economy without giving back. They don’t create things or services that add to the economy because it takes our dollars out of the economy (where they would really be put to use) via taxation and gives them to the government where they are spent not according to market principles but according to largess. Very few pennies ever make it back to the economy given the government bloat. Thus government jobs are a negative for the economy longer term because they suck investment dollars away."

Sentence 1. is not true.

The premise in sentence 2. "They don’t create things or services that add to the economy..." is not true. The rest of sentence 2. is mostly not true.

Sentence 3. is not true. Most of the money spent for government jobs returns to the economy.

Sentence 4. is not true. Reductio Ad Absurdum says that all jobs "suck investment dollars away". But, without jobs, there is no demand and no need for investment. Government debt competes for investment dollars, but handled properly, the government only needs debt and is running a deficit in difficult times like these when there is little requirement for investment.

I would characterize this paragraph as "functionally illiterate economics" and I am not very interested in what the author has to say in the rest of the article.
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