Friday, September 18, 2009

Government Always Competes with Unlimited Capital and Operating Funds

Every time the government proposes an operation to be done by private industry, remember that you, the taxpayer, will be contributing the capital and operating funds.

And, of course, taking all the risks. In private industry, that is taken on by the stockholders.

In addition, you will be responsible for the ensuing losses, which are bound to happen under government operation.

I like to hear government-operation fanatics get enthusiastic about non-profit entities who rant about profit-making businesses. The so-called non-profits can lose fortunes for their backers, while the for-profits can make pennies-on-the-dollar of sales. Yet, the government-operation fanatics remain committed to their deception.

It is impossible for private business to compete for long, whether it be the insurance business, health care, energy source production, etc., if taxpayer funds are grabbed by government for capital and operating capital needs.

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