- Joined
- Mar 5, 2014
- Messages
- 4,974
- Reaction score
- 1,047
- Gender
- Male
- Political Leaning
- Undisclosed
That involves too much power for the gov't to use social justice, social engineering or just plain old pork barrel politics. After all we have "interstate" highways in Hawaii just to be "fair". We tax wages to subsidize out of wedlock childbirth and then express shock at the results of that insane policy Nearly the same thing could be accomplished at the state/local level using tax breaks (like NY is now doing) to encourage business start-ups..
The problem I have is that currently the private sector, for whatever reason, is simply not making adequate capital available to small business owners. I know that there are problems associated with the government taking such a role, however, there are problems with leaving it totally to the private sector. For instance, we see that now, although the government has gone out of it's way to create the conditions such that private lending institutions will have the confidence to lend, such as assuming bad debt, still they do not lend but rather use such mechanisms to strengthen their balance sheets. The result is a log jam. Since that is the case, the government can and should do more to help, even if it means taking the horse by the reins directly.