Presidential candidates, both GOP and Democrat, talk often about job creation.
And the great, ongoing debate between Republican and Democrat candidates exists around the government’s viability in creating jobs.
Democrats of course argue that more government is needed if not better for job creation.
Republicans argue that not only can government not create jobs — but it in fact hinders others’ ability to do so in the private sector.
But here’s something neither of them talk about, but should: Where do jobs come from?
Well supply and demand are certainly important components…but anyone who’s ever tried to start a business knows these alone typically aren’t enough to start building, growing and ultimately hiring.
In order to create jobs — real, lasting, meaningful jobs — there needs to be authentic supply and demand to give those jobs purpose, and wealth to finance/payroll those jobs.
So today I’m going to talk about wealth creation, with the hope that our GOP candidates might start doing the same while simultaneously putting their Democrat opposition on well-deserved defense.
Have you ever asked yourself how wealth is created? It’s an interesting question to be sure, and if you’ve not considered it and do so now — you may find it exhaustingly cerebral.
I asked myself the question many years ago, and eventually landed here…
The creation of wealth is as miraculous as the creation of life itself — and efforts to subjugate it as futile. Just like when seed meets egg and new life is formed, so goes wealth when authentic supply meets authentic demand.
Be it the creation of life or the creation of wealth…we can give names to every aspect of it and claim to have entirely unmasked the mystery — but keep in mind that the ‘science was settled’ once also with respect to the planet, and that science deemed that the world was flat.
So yes, while many will claim to have it ‘down to a science,’ the reality is that when authentic supply meets authentic demand and an exchange occurs where one satisfies the other — a conception, if you will, has just occurred paving the way for new wealth to be birthed.
Every dollar the government spends is confiscated, not earned. This inorganic capturing of capital cannot, unfortunately, manifest in the creation of new wealth. It’s synthetic. At best, it’s test tube wealth that’s raised in a lab and exists just as awkwardly and out-of-place as would be a human being also born in a test tube and raised in a lab.
In fact, as is the case with job creation, when it comes to authentic wealth creation — the government is basically one big contraceptive.
Gina has $30 dollars of expendable capital and a driveway full of snow.
Jennifer has a snow plow.
When Gina pays Jennifer for snow removal services, what was $30 in existing capital just became $30 in new wealth.
It manifests as instantaneously, and yes — miraculously — as does new life at conception.
Now add the many permits and regulations Jennifer is burdened with so that her supply may meet Gina’s demand, and what otherwise would’ve been a natural exchange is now wrapped in a government contraception.
When the government inserts itself in the wealth creation process, however well-intended or even at times necessarily, it serves only to mitigate an otherwise organically manufactured manifestation.
In 2016, the GOP nominee should seriously consider making wealth creation an ongoing theme. He or she should talk about creating a fertile environment where wealth creation can occur. And while doing so, our candidate can also challenge the Democrat nominee to defend their penchant for wealth redistribution versus our more optimistic endeavor to allow for wealth replication. Which, again, ultimately is what allows for job creation. There’s plenty of supply and demand. That part is easy. We need a business climate that will allow for wealth replication, and we can talk about that while the Democrats are left with their implied contention that wealth is finite and therefore must be redistributed rather than replicated.
Ask it repeatedly and beat it in to every media microphone: “Hillary, Joe, Bernie, Fauxcohontas…I know you’re big on wealth redistribution, but I challenge you — if you can — to tell me if you even know how wealth is created. Do you? Do you have an answer for that? If so, share it with me and the American people because it’s not a small detail and if we’re going to talk about the need for good jobs and mitigating income inequality…our electorate deserves to hear us address it.”
And if they can’t answer…when they can’t answer…the voters do deserve to know because how can they then be trusted to allow for a climate that creates new wealth, and new jobs, and less “income inequality”…if they can’t even account for how wealth is created?
If asserted as a theme, “Wealth Redistribution vs. Wealth Replication” will be a winning one for the GOP.
And I can hear some of you already: “You’re out of your mind. We can’t go out there and start talking about miracles with respect to wealth creation!” Setting aside my standing challenge for you to come up with a better citation for the origin of new wealth, consider my argument to atheists who say my belief in God is crazy…
If you can offer an explanation for life and the universe that sounds less crazy than a single point of origin that simply “Is,” by all means…feel free to.
Because none can.
And such will be the case if we put the Democrats on defense while offering our own both positive and certain explanation for job-creating, inequality-mitigating wealth replication in place of their wealth redistribution.