Re: Let's draw up a list? : Mon Jun 24, 2013 10:12 am
El Barbudo wrote:
I wouldn't say "every" but, yes, most of them.
And it's economic madness.
If you give more money to those who already have lots of money, they will either save it (benefitting the domestic economy hardly at all) or invest it overseas (benefitting the domestic economy hardly at all).
They won't spend much more than they were already spending.
If you gave that money to those who have too llittle money, they spend it, benefitting the domestic economy.
Basically, if you have poor people making stuff for rich people and you keep the poor people's income low, you are restricting the market and creating (as we have) a depressed equilibrium of underemployment showing no signs of getting better and plenty of signs of getting worse.
And it's economic madness.
If you give more money to those who already have lots of money, they will either save it (benefitting the domestic economy hardly at all) or invest it overseas (benefitting the domestic economy hardly at all).
They won't spend much more than they were already spending.
If you gave that money to those who have too llittle money, they spend it, benefitting the domestic economy.
Basically, if you have poor people making stuff for rich people and you keep the poor people's income low, you are restricting the market and creating (as we have) a depressed equilibrium of underemployment showing no signs of getting better and plenty of signs of getting worse.
An excellent summary.