Bill Kristol Sez "It Won't Kill The Country" To Raise Taxes On Millionaires

It's outright investment.

 

Make up your mind.

barfo

 

You're the one that's being inconsistent. You say investing doesn't drive the economy, so I pointed out that your guy Obama talks about investing. I say it does (see my 2nd quote above) drive the economy to a huge degree.

However, I think Obama is a terrible decision maker when it comes to making investments, nor do I agree that anything he calls an investment is an actual investment.

 

He is using the word investing in a different sense than I was.

You say it does? Well, color me convinced!

Uh, that was what I was saying.

barfo

 

The highway system was an actual investment. It catered to nobody in particular but to everyone in general. Companies like FedEx and UPS could exist in the first place because the highways made it possible to deliver a package to remote areas. The cost of the highways was $X and the return was many times $X. Because of $X and "many times $X" returned, it is something you can trivially argue govt. should issue bonds (borrow) to build. The government raises revenue to pay for the roads via gasoline taxes (NOT INCOME TAX).

The roads are a thing. You can depreciate them. You repair them to keep them up to snuff. It's not a service taken from someone by the government.

The hundreds of thousands of employees of those companies vastly expanded the base of possible consumers.

Solyndra is not a good govt. type investment. The market forces allowed to prevail determined it was doomed.