He seems to think
that any job creates wealth. It is not true.
What is true is that the teacher gets paid by taking money from
citizens, the restaurant, and other business so they can be paid. In effect,
the teacher has reduced the income of the business he or she is
patronizing. The teacher gets paid by
the government which has taken taxes or the money from the private sector. It is the only way public sector receives
money to pay the teacher. If there is no private sector from which taxes are
taken, there is no money to pay the teacher.
Even the student who
may gain vast amounts of knowledge, does not create wealth until he puts that
knowledge to work. He risks his time and
talents to create something that is valuable in the marketplace for which buyer
are willing to pay. When that person
buy's the student has created wealth.
Until the effort to learn is taken, the learning applied to services or
products wealth remains dormant.
There is nothing
wrong with a teacher or other public servant receiving pay for their skills,
but it doesn't create wealth. Wealth is
created when someone makes something that didn't exist before is created and
its value is wanted. A gold coin is
worth nothing until a miner searches for the gold, finds it, sells it to a
smelter and a coin is struck. Only then
is something created.
An Ipod or smart
phone is nothing until it is created by the labor of an idea, concept, design
and production. The materials used to
create these products also create primary jobs which create wealth.
Obama obviously has
no clue how the private sector creates wealth.
The government does not create wealth.
Even the roads and bridges he hearlds were paid for my private wealth. Obama is literally clueless. What came first the paved roads or the
automobile?
Paved roads were
created and paid for by the demand of automobiles in search of better
roads. Money was taken from taxes taken
from auto sales and usage. Bridges were
paid for by the demand created by the need
of people to get across the river.
They were taxed in some form, toll or tax, to build the bridge.
Even our wonderful
military who protects us in our homes doesn't not create wealth. It creates security in our homes but it is
paid for by our taxes.
Obama is destroying
the fundamental value of capitalism, incentive, application of skills and
talents and assumes that government is the wealth creator. He is wrong.