It occurred to me today that while it is a commonplace to talk the government-facilitated transfer of wealth from the rich to the “poor”, it is uncommon to point out that the same transfer creates tens of thousands of well-paying jobs in the public sector.
The wealth transfer that matters is not from the “rich” to the “poor”, but from tax-payers, to tax-consumers; from the private sector to the public sector.
Obama has increased the number of Federal employees by hundreds of thousands. All of these jobs have to be paid for by private employees and employers. This fact is inescapable.
The net reality, therfore, is that Obama has caused a large sucking motion from the private sector to the public sector; from the economically creative, to the economically consumptive. “Consumptive” is a good word. It is an illness.
Few thoughts on a whiskey night.