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Government is aiding consumption of capital stock
We cannot afford to engage in stimulus spending when we have such a consumption-based culture.
4 September 2024
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We cannot afford to engage in stimulus spending when we have such a consumption-based culture.
Everyone wins as long as everything is done on a voluntary basis.
Bringing in the private sector would also bring greater efficiency. Private parties have to make a profit. They cannot rely on gaining political control over taxes to make up for bad management at a company.
In SA, the failure of central planning is made worse by corruption, but the corruption itself is not the core of the problem.
Some of us warned that with our high, structural unemployment rate, the government would not be able to get rid of this grant once it was introduced.
It would be better if we never had this SRD grant but now that we have it, the government has to end it as soon as possible.
BEE allocates wealth inefficiently to the most politically connected black people and not necessarily to the ones who are most competent at managing the wealth so it can grow and be used to create employment.