Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Off Topic
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 14 years ago on . Most recent reply

User Stats

17,995
Posts
17,196
Votes
J Scott
  • Investor
  • Sarasota, FL
17,196
Votes |
17,995
Posts

War is Making You Poor Act

J Scott
  • Investor
  • Sarasota, FL
ModeratorPosted

For those of you who are concerned about government spending being out of control, and subsequently the risk of increasing taxes, I thought you might be interested in this bill:

http://en.wikipedia.org/wiki/War_Is_Making_You_Poor_Act

Lastly, since I know there are some people not quite bright enough to understand that the title of a post may be representative of the subject matter within the post (as opposed to a personal opinion from the poster), let me point out that the title of this post is representative of the subject matter within this post, and not necessarily a personal opinion of the poster.

Most Popular Reply

User Stats

17,995
Posts
17,196
Votes
J Scott
  • Investor
  • Sarasota, FL
17,196
Votes |
17,995
Posts
J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied
Originally posted by Bryan Hancock:
I can assure you that people don't understand how complicated the current technology is and how many THOUSANDS of engineers it takes to make sure that we have the best fighters in the world.


I'm guessing we probably agree on all the main points here...

While I'm not claiming to be an expert, I did work on the MH-47 Chinook and the MH-60 Blackhawk for a short time, so I certainly understand how complicated military aircraft technology is.

That said, I've worked on just as complicated technology in the private sector that was built far more optimally (from an engineering standpoint) and at a far less overhead cost. If military contractors had the same incentives as private technology companies -- i.e., they actually had to design, build and ship products on-schedule and on-budget to make money -- we'd see just as far-reaching military technology advances at a fraction of the cost. But, unfortunately, military contractors have greater incentive to drag out schedules, blow out budgets, and charge for "research" that never has any shot of going towards military application (they sell the technology to the private sector for even more money).

Add that to the fact that perhaps we should be asking the question, "Is the proposed fleet of military aircraft really optimal in the 21st century?" We are spending hundreds of billions of dollars to build these ridiculously large and complicated aircraft (B1, B2, F117, F22, etc) when they are no better than the time-tested and much less expensive B-52, F-15, F-16, etc.

There's no indication that these high-cost machines are contributing to us winning any wars today or will contribute to us winning any wars in the future. But, there's no doubt that the high price the government is paying to have these machines designed and built is contributing greatly to our national debt. Unfortunately, it's the aircraft manufacturers who are making most of the decisions about next-generation technology, and not the military...seems a bit backwards to me...

I'm not saying we shouldn't spend as much as necessary on military defense. What I'm saying is that we need to overhaul the incentives of the military contractors building these machines (to make them more efficient and lower-cost) and re-examine whether we really need to spend $150M on a machine (like the F22) when a $15M machine (like the F16) is probably better suited to our current needs.

Then we can take the billions of dollars that we save and put them to use to benefit our citizens in other ways...

Loading replies...