Quote:
Originally Posted by kane
I think any real growth we have have as far as job and industry creation will be in the technology industries. We can't compete on a manufacturing front so we will have educate people and develop technology that we can sell or make for other people.
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Agreed. More education means more investment in the education system. This has to be done at all levels from primary through to university level. Grants for those talented enough, from poorer families, to make sure the best go to universities. Which will mean higher taxes. To be paid for by the lower 90%, who haven't got enough, or the wealthier 10%
Will need to be done for at least a decade before the results start to show.
And it will need a shift in earnings. Pay scientists, engineers, etc. Decent wages so earnings in high tech industries rival earnings for lawyers and doctors.
Still it will be an elite few at the top who really benefit. Especially if the goods these high tech industries invent and develop are manufactured over seas. So are they to pay the bulk of the taxes to maintain the infrastructure of the US or not?
Of course this elite few spending more on Mercedes, Rolls Royce's and Lamborghini's will help the economy no end.
If only economics was as easy as posers on GFY think.