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> You have junky companies like Amazon, for example, on a decade long binge of expansion, whose plans depend on cheap access to capital. Their only way to deliv
by jonknee 11y ago
> You have junky companies like Amazon, for example, on a decade long binge of expansion, whose plans depend on cheap access to capital. Their only way to deliver profit is by achieving near monopoly status. Why are we subsidizing that behavior?
On the other hand, most companies are having a hard time investing in their own businesses and are instead buying their own shares to boost EPS. Companies that spend a lot to expand their business are good for the economy, so Amazon has a leg up on most firms there.
> We have a government on a spending binge, again fueled by cheap access to capital. How is slowing down that train a bad thing?
The government isn't on a spending binge. We've had a Congress unable to agree on anything so we're stuck under a budget freeze that happened thanks to the 2010 Budget Control Act and its sequester. Soft government spending has actually hurt US GDP and slowed the recovery.