Posted on 03/15/2012 9:53:24 AM PDT by greywar
Money and math are two of my very favorite topics because I am always shocked by how little people seem to know about either one (including me).
For instance, there is always an assumption that if the government is spedning money that is "targeted" at a particular sector that the sector in question will be stimulated. This is pablum aimed at vast swaths of people who don't grasp the following:
Allow me to illustrate. I want to give my teenage daughter some money but I only want her to use it for gas and not collectible Harry Potter figurines.
I give her $100 and state "Use this only for gas!". She already has $100 in the bank so this leaves her with a tidy $200 for gas in total right? Wrong.
Since money is essentially 100% fungible she can turn right around and spend $100 on Harry Potter figurines and leave her total planned gas expenditures unchanged.
"My money" simply became part of the total pool of funds and any "intent" that I had attached to it just disappears.
This is exactly how governments behave with "targeted" tax dollars that are "not meant to be wasted"
(Excerpt) Read more at zpatriot.com ...
because it is money laundering, always.
True. The more opportunities for graft and corruption, the better it sounds to a politician.
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