Who needs customers when you have politicians?
Tuesday, June 2nd, 2009Back in the good old days when you started a business if you had a good business plan you succeeded, if you didn’t then your business failed. This meant that businesses that did a good job of providing customers a valuable service at a reasonable price survived and those that did not failed.
Recently certain politicians have decided to give tax payers dollars to businesses who have not been able to stay afloat due to various reasons. Instead of just letting these businesses die which would allow resources to be allocated to more efficient ones, they insist on keeping these resources tied up in failing businesses and forcing the taxpayer to foot the bill. If the politicians had any brains they wouldn’t invest a penny of their own money in these failing companies for fear of no return but they seem to have no problem investing yours.
I am not just talking about the bailouts of large corporations but also the Utah Festival Opera Company. If Mr. Ballam cannot make ends meet this year and needs a huge bailout then what will happen next year if things don’t get better? Will he ask for even more?
Also, why have local restaurants and hotels been forced to have higher prices due to the RAPZ tax? Does it benefit them? If it does then let them contribute if they want to. If they don’t feel it does then they won’t. They may even get creative and work out bundle packages with these events. But if they are being forced all we get is more inefficiency.
What would happen if people were free to ‘vote’ with their own money instead of others voting away their money for them?