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Politics : Mainstream Politics and Economics
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To: Steve Lokness who wrote (14642)4/4/2012 5:39:47 PM
From: Bearcatbob2 Recommendations  Read Replies (1) of 85487
 
Interesting comment. So where I lived I watched a timber company log on NF lands - at ridiculously below cost timber sales. The timber company set up a subsidiary company to then build the roads to access their below cost timber purchases. They also built bridges to access their timber. Needless to say, they got filthy disgusting rich off the government. So they made money on the timber and more to access the timber. Are they entitled to that wealth and income? They certainly claimed it and go filthy rich.


Well, let's see. The timber company made a profit and unless they were one of the Obama type payoff organizations or other cronies of government - they paid taxes. In addition to paying taxes they - sacrilege here - employed people and paid wages. Those people bought stuff and also paid taxes. The whole thing sounds like a great benefit to society. Now - if access was granted to the timber fraudulently - then we need to prosecute the fraudsters.

Now, compare that to a man who builds houses and puts in his 50 or 60 hours a week year after year. Does that qualify as creating wealth?


Of course. Labor, raw materials and capital were converted into something that had greater value than the component parts. People were employed, taxes were paid and everyone gained.

Bob
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