Jan I can see that I didn't state one of my points clearly enough...
On Sun, Aug 1, 2010 at 3:04 PM, Jan Klauck <jkla...@uni-osnabrueck.de>wrote: > > > My simple (and completely unacceptable) cure for this is to tax savings, > > to force the money back into the economy. > > You have either consumption or savings. The savings are put back into > the economy in form of credits to those who invest the money. > Our present economic problem is that those "credits" aren't being turned over fast enough to keep the economic engine running well. At present, with present systems in place, there is little motivation to quickly turn over one's wealth, and lots of motivation to very carefully protect it. The result is that most of the wealth of the world is just sitting there in various accounts, and is NOT being spent/invested on various business propositions to benefit the population of the world. We need to do SOMETHING to get the wealth out of the metaphorical mattresses and back into the economy. Taxation is about the only effective tool that the government hasn't already dulled beyond utility. However, taxation doesn't stand a chance without the cooperation of other countries to do the same. There seems to be enough lobbying power in the hands of those with the money to stop any such efforts, or at least to leave enough safe havens to make such efforts futile. I would feel a **LOT** better if someone explained SOME scenario to eventually emerge from our current economic mess. Unemployment appears to be permanent and getting worse, as does the research situation. All I hear are people citing stock prices and claiming that the economy is turning around, when I see little connection between stock prices and on-the-street economy. This is an IR problems of monumental proportions. What would YOU do about it? Steve ------------------------------------------- agi Archives: https://www.listbox.com/member/archive/303/=now RSS Feed: https://www.listbox.com/member/archive/rss/303/ Modify Your Subscription: https://www.listbox.com/member/?member_id=8660244&id_secret=8660244-6e7fb59c Powered by Listbox: http://www.listbox.com
