Economic stimulus package.... $13/week?

Southern Man · 02-12-09, 08:35 AM

Quote:

Originally Posted by Goobieman

So, for all of you that poo-pooed the $300 stimulus checks from the Bush tax cuts -- what do you think of this?

I think the Bush bailout sucked, and I think that this one sucks worse.

WillRockwell · 02-12-09, 08:37 AM

Quote:

Originally Posted by Southern Man

If the purpose was to create jobs then taxes would be reduced on high wage earners. The purpose of this bill is quite clear: to buy votes for the next election.

High wage earners don't need stimulus, they are doing well, maybe only less well. And history proves when you give the wealthy more money, most of it does not return to the economy. Just because federal money is being used to stimulate the economy does not mean the wealthy deserve a share of it.

Goobieman · 02-12-09, 08:39 AM

Quote:

Originally Posted by WillRockwell

And history proves when you give the wealthy more money, most of it does not return to the economy.

Like in the 60s, 80s and 00s?

Oh... 'give the wealthy mor emoney'. Thats a hoot!
Tax cuts dont -give- money to anyone.

Southern Man · 02-12-09, 08:42 AM

Quote:

Originally Posted by WillRockwell

High wage earners don't need stimulus, they are doing well, maybe only less well. And history proves when you give the wealthy more money, most of it does not return to the economy. Just because federal money is being used to stimulate the economy does not mean the wealthy deserve a share of it.

No one is asking to give the wealthy money, just for the government to take less of it away. Whenever that is done they then invest in companies who hire more employees who then pay more taxes. It has worked every time it's tried.

And there is no such thing as "federal money". It is all money confiscated from the people through taxation.

RightOfCenter · 02-12-09, 09:03 AM

Quote:

Originally Posted by Goobieman

So, for all of you that poo-pooed the $300 stimulus checks from the Bush tax cuts -- what do you think of this?

It's as stupid as it was the first time.

For all of you that supported the $300 stimulus checks from Bush, what do you think of this?

Goobieman · 02-12-09, 09:09 AM

Quote:

Originally Posted by RightOfCenter

It's as stupid as it was the first time.
For all of you that supported the $300 stimulus checks from Bush, what do you think of this?

I'll take every $ I can get, thank you.
I would prefer to have it as a lump sum, however.

Goldenboy219 · 02-12-09, 09:09 AM

The Bush tax rebate was a disaster, mostly due to the fact that during the times of issuance, our marginal propensity to consume domestic goods was quite low. Autonomous consumption reigns supreme in the land of the free, temporary tax rebates do very little to improve long run economic conditions.

People will not be able to pay large debts with $13 per month without saving it, which is a low possibility.

Goobieman · 02-12-09, 09:10 AM

Quote:

Originally Posted by Goldenboy219

The Bush tax rebate was a disaster, mostly due to the fact that during the times of issuance, our marginal propensity to consume domestic goods was quite low. Autonomous consumption reigns supreme in the land of the free, temporary tax rebates do very little to improve long run economic conditions.

So... the Obama tax rebate will also be a disaster. Right?

RightOfCenter · 02-12-09, 09:16 AM

Quote:

Originally Posted by Goobieman

I'll take every $ I can get, thank you.
I would prefer to have it as a lump sum, however.

So Obama doing the same is good?

Goobieman · 02-12-09, 09:19 AM

Quote:

Originally Posted by RightOfCenter

So Obama doing the same is good?

Not -as- good.

02-12-09, 09:09 AM	#17
Goldenboy219 Budtender Join Date: Jan 2006 Last Seen: Yesterday 12:29 PM Location: Evansville Indiana Posts: 4,139 Thanks: 2,232 Thanked 790 Times in 570 Posts Lean: Libertarian Gender:	Re: Economic stimulus package.... $13/week? The Bush tax rebate was a disaster, mostly due to the fact that during the times of issuance, our marginal propensity to consume domestic goods was quite low. Autonomous consumption reigns supreme in the land of the free, temporary tax rebates do very little to improve long run economic conditions. People will not be able to pay large debts with $13 per month without saving it, which is a low possibility.
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