A Tale of Two Countries

theodp writes "Over at TechCrunch, Jon Bischke is troubled by the growing divide between Silicon Valley and unemployed America. While people who spend most of their days within a few blocks of tech start-up epicenters are enjoying a boom/bubble, the number of unemployed now eclipses 14 million nationwide, labor under-utilization is 16.2%, and the mean duration of unemployment has spiked to 40 weeks. 'Which bring us to an important question,' writes Bischke. 'Should Silicon Valley (and other tech clusters throughout the country) care? After all, as long as people in Nebraska or the Central Valley of California have enough money to buy virtual tractors to tend their crops in Farmville, should the tech community be worried about whether those same people are getting paid to do work in the real world? Is what's best for Silicon Valley also good for America?'"

Comments

Re:A Tale of Two Countries

[roman_mir]

incredulously false claims.

- you do realize, you are like a twentieth commenter here with the same BS? You should have read what is written already.

Gov't workers do not pay income taxes because the money that they get from gov't was money that gov't already collected, it's money gov't already had. It pays you the money so that it can collect it back from you, that's not income taxes, that's an illusion created to make it look like gov't workers pay income taxes.

To pay income taxes you have to genuinely earn the money, not from gov't, but from private trade, so that gov't can come in and raid whatever you made via income taxes. Income taxes is money, raided from real workers in real economy (though by the looks of it, now the only economy left in US is gov't, which is my point.)

Any money that you get from gov't as an employee, which then ends up shuffled back to the gov't is not real income taxes, because it doesn't come from any real income. It's gov't shuffling the money it already has to create an illusion.