Politicians claim we need to use billions of tax dollars to bail out the auto industry. They say this will help the general economy. How, exactly? The tax money being used to bail out the auto industry comes from the private sector. There will be less economic activity in the private sector the more we take from it. Recent economic numbers suggest zero or negative economic growth in coming months and years. Government cannot generate economic growth by spending wealth that already exists. Transferring wealth does not create wealth. There is no capitalism without capital; and there is no economic growth without capitalism. Sure, government is absolutely necessary to uphold contracts and to enforce property rights. But government never has created a penny of wealth, and never will. It can't.

More on Capitalism HERE