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MILLIONAIRE'S ISLAND: A Simple Example of Why 'Rich People' Don't Create Jobs (And What Galt's Gulch Would Look Like)

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Barflytom11/11/2012 12:27:56 pm PST

re: #8 Prononymous, rogue demon hunter

Actually, I did read the whole piece, and didn’t bother to say anything about his proposed solutions because he’s not being serious.
For example, saying “rebuild our manufacturing base”. How profound.
That’s like saying “improve education”, as if the thought has never occured to anyone before.
Great idea. Ok, how ?
As for paying employess more, how about creating more competition for workers by curbing unskilled immigration for a start ? That’s one area where dems (who want to import more democrat voters) and big businesses (who want cheap labour) are lined up against blue collar / middle class people.
As for spreading profits more evenly, the principle of encouraging wider share ownership seems like a better idea than raising wages. The market cap of Apple for example works out to about $ 8 million per employee. One thing that has always struck me about the USA is the surprisingly low net worth of many people who actually have good incomes, and it’s not hard to find government policies which help cause that.

And re #3, en.wikipedia.org.

For an example of a “Millionaire’s Continent”, how about the USA ?
A bunch of people with skills - and access to capital - arrived in a wilderness. Notice how that turned out ?