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Its pennies compared to the real estate bubble which was a collaboration between private and public concerns. The good ole SUV canyonero madness was also from a heavy does of private consumemores who were anything but forward thinking. There is no monopoly on stupidity. I guess that is the one market where there will always be new innovation. You think we have exhausted the endless well of stupidity, and then suddenly someone will pull the key stone on the dam for his pet rock collection and more dolts will come a gushing by.
Its a case by case, one by one thing, da guberment and da consumemore.
And so long as we have a Fed and laws specifically aimed to bloat , we don't really have markets so to speak.
Who is to blame for the mortgage interest deduction? Is that a free market?
But pennies add up to dollars and the USG spends lots and lots of pennies.
I'm sure we only see the tip of the iceberg here.
If the idea is any good, then it behooves them to just steal it, rather than invest with me. So no, that's not a viable option for one of my ideas.
For the other idea, which is a business built around my personal skillset, this might work. I'd basically need to sell myself. The big challenge in that one is not so much capital, as it is clients. It does require some capital, but that's not a huge obstacle.
I agree.
I appreciate the advice; See above, though. I've identified underserved markets, and I'm not going to go around running my mouth, telling people what that is, so they can beat me to it.
What a defeatist attitude. You've been given advice several times in this thread but you keep shooting it down. So either A) you've defeated yourself before you ever tried or B) it's BS.
What actually creates jobs, Hanauer says, is not "rich people" or "entrepreneurs," but the economic ecosystem in which companies are created. The entrepreneur and initial investors provide the "seed" that eventually leads to job-creation, but it is ultimately the company's customers that provide the demand necessary to support jobs. Without healthy customers, Hanauer says, entrepreneurs and investors can't create any sustainable jobs, so the idea that rich people create jobs is misguided.
what you say might or might not be true, but the one thing I do know is, is that goverment shall never provide jobs, especially for the private sector.
What a defeatist attitude. You've been given advice several times in this thread but you keep shooting it down. So either A) you've defeated yourself before you ever tried or B) it's BS.
you're missing the point. this is not about me, this is about the system we have in place of financing startups and small businesses. The fed loans out trillions in totally counterproductive crap, and that capital all seems to stay at the top of the financial system.
That's not from the Federal budget. Though running a deficit during the housing bubble was certainly crazy( and now they want to balance it in the collapse. ) That's from the Fed which means ultimately banks. Why do people whine about a $100 tax and say not a word about a $1000 mortgage which is a banker tax of monetary bloat.
Was there a "need" for the ipad? Nope, it was a neat gadget, that's all.
Apple won't make it, despite of having the capital, if there were no demand for the product. Creating a demand is not to be understood as lack of demand.
Apple won't make it, despite of having the capital, if there were no demand for the product. Creating a demand is not to be understood as lack of demand.
You can't have it both ways. First you say that the demand has to be there for a product to come out, then you reverse course and say, well....You can "create" a demand first.
Wouldn't ALL products newly released be trying to "create" this demand? If so, without "rich" people's capital there would be no product which would create a demand, right?
To the OP, As you said, rich are the seeds. Try growing stuff in a garden w/o seeds.
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