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Politics : Politics for Pros- moderated

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To: Elroy who wrote (377430)	8/10/2010 10:04:33 AM
From: J.B.C.	4 Recommendations Read Replies (2) of 793914

The guy that worked for $10 and saved increased GDP by that $10. Let us say 2 guys decide to build their own house on side by side lots. The 1st guy hires an average of 6 guys per day that all work hard every day. In 6 months they complete the house. This guy spends $180,000 in labor for those six guys, $200,000 for materials and $80,000 for the property. He now has an asset worth let's say $500,000 on the market for a new home. The second guy hires an average of 12 guys everyday. 6 guys work hard, the other 6 sit around all day just collecting their pay (The welfare recipients). This guy builds the exact same house and still finishes in 6 months. He spends $360,000 in labor, he spent $200,000 for materials and $80,000 for the lot. Has he built a house worth $700,000 or a $500,000 house? Welfare does not increase our value as a country. Jim

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