By Dale Netherton – Re-Blogged From iPatriot
The politicians mutter the word “jobs” as if they understood where jobs come from and what conditions are necessary to sustain jobs.
First, without revenue to pay wages no job can exist or if created continue to exist. The question then becomes, where will the revenue come from? There are two sources of revenue for jobs. One is the direct granting of revenue by the government which funds government jobs. If there is funding available the job can continue until the funding disappears. The other source of revenue is profit. If a job is created to supply a good or service and it is sustained by paying for itself, this job is sustainable as long as it is competitive. This is the only job that can exist that doesn’t rely on confiscation and redistribution. Jobs that rely on “government funding” are not self sustaining since they must have confiscation and redistribution. Government cannot create wealth, it has nothing it doesn’t confiscate or borrow.
All government created jobs are necessarily temporary. Debt and eventual inflation destroys the foundation for government funding of jobs as the private sector that supports sustainable jobs shrinks under the regulation and taxes that eventually destroys the profit motive and therefore the only source of self sustaining jobs. The CCC camps could not have been retained as permanent jobs. The demise of the Post Office and Amtrak are examples of where government “jobs” must eventually falter. The source of these two government jobs comes from the government subsidies. Neither is self sustaining based on the income they generate. This means a private sector is being taxed and the confiscation of their earnings is being channeled to the subsidy the government is supplying.