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Originally Posted by mafia_man
LOL where do you think private sector revenue comes from?
Public sector consumers. There will be heavy job losses on both sides once Joe "Public Sector" Blogs has lost his fucking job he won't be buying any iPhones.
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This thread is a fascinating insight into how people believe wealth and value are created...
Amazing that people think that public sector jobs, which are paid for by taxes and borrowing, actually "create" wealth or value. Look at Greece.
The only way additional wealth or value is created is when a private sector person, or group, creates a new product, or service. Wealth is not a "pie" or a zero sum game, whereby if one person has more, then others have less. Wealth is a river, the flow of which is created by new products and services being provided to a marketplace. If you drive out the producers of new products and services with high taxation and regulation, or with those taxes and regulations, take away the incentive to take the risk of starting a new business, then you will end up drying up that river and your economy will eventually collapse.
I'm sure that you will all howl against this reasoning, but anyway.... Good luck with that whole thing.
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