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Again, I'm not convinced that's the case. You're implying that, for example, almost the entirety of the employees at Lockheed, Raytheon, Northrop, General Dyna
by mdorazio 8y ago
Again, I'm not convinced that's the case. You're implying that, for example, almost the entirety of the employees at Lockheed, Raytheon, Northrop, General Dynamics, etc. and a good chunk of the employees at companies like Boeing would somehow be redistributed into the broader economy at a similar compensation level. That's upwards of a million white collar workers. You can't magic all those people into the broader economy without serious impacts, and replacing the expenditure on their salaries with expenditure on things like basic research and public infrastructure does not equate to the same economic outcome. I'm pretty sure doing so would further stratify the economy by replacing solid middle class jobs with a few tech and research jobs and a lot of blue collar jobs.
- bluedino 8y agoIt’d help correct inflated housing prices. Think of all the paper pushers with security clearances making $100k+