SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?


To: Lane3 who wrote (201209)6/4/2021 3:28:42 PM
From: i-node  Read Replies (1) | Respond to of 362512
 
>> The only solution to it, the ONLY solution to it, is jobs. There is no other way to address wealth disparity.

You had remarked about "Generational Wealth Disparity".

I remarked, and clearly indicated as such, on Wealthy Disparity generally. That is, the solution to ALL wealth disparity -- whether generational or not, is found in jobs. That is the only conceivable solution, because jobs are a precondition to wealth. Government spewing money does not create wealth. While there are a few (like Solyndra operators) who receive such spew without earning it, most who receive wealth through government (e.g., Musk) generate many times the amount spewed in new wealth.

For a little perspective, open jobs at ONE of Musk's operations are shown in this eye-popping list of openings:

SpaceX - Careers

SpaceX was the beneficiary of a lot of government dollars -- all well spent -- in that Musk is a top-flight economist as well as an engineer. Musk realizes if he wants to continue to cash flow from government he has to continue to out-engineer everyone on the planet, and he does.

In all things economic, Jobs are the essence if you are going to have sustainability. Government spew is evil for this reason: It is never a good thing. Sometimes we have to have but it is always at a premium, and seldom returns value.