It seems every governor wants to take credit for job creation in his or her state. This concept is going to be amplified during the 2016 presidential election. From Scott Walker to Rick Perry, all we’re going to hear is that they were responsible for producing thousands of jobs. Of course, this ignores the idea that the private sector is the one that creates jobs.
John Stossel tackles the premise that the government is the primary job creator thanks to its labor laws, government education system, taxes and so on. Stossel shows a few clips from President Obama and his likely successor, Hillary Clinton, espousing this fallacious and dishonest idea.
The first two guests on the program aren’t that great, but economist Stephen Moore does a commendable job explaining how businesses create jobs and the right-to-work legislation.
You can skip to Moore at around the eight-minute mark.
The government discourages jobs with the payroll tax. Bill Gates suggested that we use better taxes. A 4 percent VAT and elimination of some business tax expenditures would allow businesses to create full employment.
Unfortunately, Democrats in NY want to double the payroll tax rate to pay for universal health care – even for non-workers. The GOP does not care about mid and low level workers.