Balanced Economic Model?

>What do you think rich people do with their money?

They put it into tax deferred trusts and pass it on to their children.

>Why do you completely ignore the fact that if I put my money in a bank, that is economic activity???

It is an economic activity. So is selling dope and robbing banks.


>What's with the resentment of rich folks?

Rich folk are no less evil than the rest of us. It is human nature to establish a pecking order. If we lived under a pure communism there would still be a pecking order. As On the Space Ship Enterprise, for example.

>How many poor people have ever given you (or anyone you know) a job?

Jobs are not "given." I recently paid a plumber cash to do a job in my house. We traded my cash for his labor. No one gave anything to anyone.

>What's this "we" business on the poor stuff?

People on welfare live better than King Solomon. <G>

>Most of us wouldn't have lasted a month in the Great Depression, when real poor people abounded.

Going to find out in the next few years. Americans are fast learners.

 

So...you know every rich person? You know they all do this? And don't they have the freedom to do so? If it's their money, why can't they do this?

What a monumentally stupid comparison. Putting money in the bank is not the same as selling dope. Please tell me your brain functions on some level.

Please tell me you understand economics better than this. Do poor people start many businesses?

 

Yea, I'm sure that's going to happen.

You might as well just shine a big bat emblem up in the night sky and wait for Spiderman to appear.

 

I simply look at Bill Gates and say to myself, it doesn't take a tax break for Bill to buy a yacht. If he wants one he will buy it.

Trickle down economics clearly didn't work unless you're on the top. Nothing trickled to those at the bottom which is why I say it failed.

 

You should look at Bill Gates and say to yourself that there's a man that got rich by providing society with products and services that society (that includes you and I) found to be very desirable.

As long as he earned his money honestly, then he deserves every penny of it. Whether he voilated unenforced anti-trust laws after gaining near-monopoly power in the market might be debatable, but the core principle is still true - we need men like Gates to make life better for the rest of us.

 

Contrary to claims libbies believe in trickle down economics the same as conservatives.

We believe it trickles down from the free market. Libbies believes it trickles down from the government.

 

I agree with everything you said, my point was, Bill doesn't wait for a tax cut to by a yacht. If he wants one he'll just get it. I believe that's one of the best things about being rich, you don't have to clip coupon's, wait for sales or depend on tax cuts. You want it just go get it...

 

That is exactly right. Six months from now we are going to wonder where all this money from the trillion dollar bailout went, just like we are wondering now where the trillion dollars from late last year went. Government can only help the economy in limited ways, the main one being a tax cut and getting out of the way so the economy can correct itself.

 

Of course, instead of waiting for the "trickle," one could do what generations before have done, and go make one's own way...and not wait for the government to provide it.

 

That's debatable, in the past a Millionaire was rich... Now days they go broke like the rest of us. However, if a person making $750K is practically living within their means then they will have no problem buying any reasonable wish and won't need a tax cut to do it.

 

Trickle down was not the government proving you substance, it was Reagan belief that if we take care of the rich the fortunes would trickle down to the working people. Instead, the rich off shored our jobs so they can get even richer and those at the bottom waiting for the tickle got a dry well or laid off...

 

Reasonable by whose standards?

Do you really not see how silly what you are saying is? I find it hard to imagine ...

The idea that people who pay more for one thing won't be affected in buying something else is only true perhaps for the uber-rich. Even a millionaire has to make choices about what to buy and what not to buy.

 

LeBuick:

How much of a millionaire's money do you have a right to? Put a figure out there.

 

James 5:1-5
1 Now listen, you rich people, weep and wail because of the misery that is coming upon you.
2 Your wealth has rotted, and moths have eaten your clothes.
3 Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days.
4 Look! The wages you failed to pay the workmen who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord Almighty.
5 You have lived on earth in luxury and self-indulgence. You have fattened yourselves in the day of slaughter.
(NIV)

 

My ideas might have been silly if it weren't for the fact that someone has to pay for the war's we're fighting. Two wars aren't cheap you know.

 

You think wars are expensive, try the bailout and entitlements. The US is on the hook for 65 trillion dollars. The war is far less than that.

But you didn't answer the question: Who gets to decide what is reasonable for someone to buy?

 

$10 Billion a month sure isn't cheap to me but I don't make that kind of loot... You must make that kind of cash since you think it isn't expensive.

The same person who decided all those homeowners bought homes they couldn't afford.