Contrast that to the estimated $500,000 to $4 million per job that the stimulus cost, according to the Congressional Budget Office.
In other words, in the hands of the government, his $1.2 million that produced 65 jobs in Oshkosh may have produced one job or maybe one-quarter of a job in the hands of government.
Taxing the rich does not make anyone less poor.
In fact, the interference by government skews the
marketplace so much that it actually leads to more poverty.
"Does anybody really believe that moving investment decisions from Silicon Valley to Washington by raising taxes on venture capitalists and their investors would make Silicon Valley more productive?" Rodgers wrote.
"Consider the Solyndra debacle: It was obvious to most of us here that the solar-energy company had zero chance of survival. That's why the company had to be government-funded near the end; no real investors were willing to step up."
It is a sad day when a songwriter exhibited more wisdom 40 years ago than today's Ivy League-educated economists who dominate Washington.