Biotech Values

[rfj1862]

OT: More on recent events

What he said

By employing foreign borrowing and spending taxpayer monies from those that have acted responsibly, the government proposes to step in and re-allocate reward to those that deserve punishment and punishment to those that deserve reward. This has two effects. First, it encourages bad risk taking and bad capital allocation. The conservative and intelligent decision to rent instead of buy a house one can’t afford is punished: the renter's tax dollars are taken away and the chance to buy the house he wants cheaper goes down. Second, incentive for proper risk taken is reduced. This causes the production process to break down over time. Socialism by nature infers less income generation and less innovation.

http://www.minyanville.com/articles/fed-socialism-free+market-government-tax-risk-capital/index/a/13...