From InvestmentNews' "Taking it to The Street" article on 4/30:
The AFL-CIO, the 11-million-member labor federation, is urging Congress to impose a transaction tax on securities trading to help cover the $900 billion cost for a government jobs program they want lawmakers to create.Why even bother creating the jobs? Why don't they just demand that the government redistribute the money directly to them? I mean, not via check, because they'd have to go to a BANK to get it cashed, but maybe through an envelope of cash?
1 comment:
>"Why don't they just demand that the government redistribute the money directly to them?"
Because the labor would contribute to community infrastructure and/or services. Just as importantly, the wages would be spent (rather than hoarded offshore) within the local and state economies.
"There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs."
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