Economists tell us that how much wealth each of us produces is a function of the amount of capital and the level of technology that we have at our disposal. The more capital and the more advanced the technology, the more we produce and therefore the more we can consume. By keeping the US cost of capital the highest in the world, we directly reduce the amount of capital per worker. And because much technological innovation is driven by capex, we also reduce the amount of technology. A negative two-fer.
Just one more epic fail by our fearless Federal state. They hate us, don't they? More Here.
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