Nap
DP Veteran
- Joined
- Nov 12, 2016
- Messages
- 8,362
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- Location
- Jackson, MS
- Gender
- Male
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- Other
Re: I'm bored, conservative pov, ama political
The problem with demand side economics is a complete misunderstanding of what rich people do with money. The money is not "saved" it is directed back into the economy in the form of investments that help fund startups or lead to innovations that help society as a whole. Funding the next Jeff Bezos or cancer research is much better for society than poor people being able to buy Nike's rather than Wal-Mart brand shoes.
Hi, welcome to the board. Just a note: free market economics is not supply side economics. Demand side economics(which most liberals support) is just as much free market economics. 99 + % of liberals support a free market, with some limits, just as 99 + % of conservatives support a free market, with some limits. The disagreement between the two stems from what those limits should be, and the level of taxation on business and top wage earners(demand side economics tells us that more money to businesses and the richest people is not as effective a way to grow the economy as more money at the bottom side, simply because a larger percentage of that money is spent as opposed to saved). Citing the free market as a benefit of conservatism is akin to citing elections as a benefit of liberalism.
The problem with demand side economics is a complete misunderstanding of what rich people do with money. The money is not "saved" it is directed back into the economy in the form of investments that help fund startups or lead to innovations that help society as a whole. Funding the next Jeff Bezos or cancer research is much better for society than poor people being able to buy Nike's rather than Wal-Mart brand shoes.