Government Employees Should Not Be Taxedby Michael Suede
May. 01, 2012
1.New York & California Move to Ban The Sale of Current iPhones Because They Protect Your Data
2.Trump is Right: GOP Debate Audience is Packed Full of Republican Donors
3.Jeb Bush Wore High Heels To Look Taller Than Trump [Pic]
4.Trump Calls Out Bush WMD Lies: 'They Knew There Were None, They Lied'
5.Ted Nugent Replies 'Eat Me' to Critics of 'Anti-Semitic' Gun Control Post
6.Feds Push New Plan For Home Visits to Check On Parents
7.VIDEO: Workers Rage After Being Told They're Losing Their Jobs to Mexico
8.WSJ Covers Free State Project: 'Can New Hampshire Become a Libertarian Utopia?'
One of the things I find to be humorous about mainstream economics is the inclusion of government spending in the GDP metric. When government spending is included in this metric, it makes the assumption that government spending adds to the real wealth of the nation. Since “real” wealth translates into actual material goods and services that benefit humanity, which have been produced under the guidance of a profit and loss test by consumers, there is hardly anything the government does which meets the criteria of new “real” wealth creation. In the same vein, the taxation of income that comes from government jobs hides the destruction of wealth that is occurring when government spends money. So let’s go over a few examples to demonstrate my point.