>spending helps the economy more than cutting taxes. It's a staple of
>economic theory that the velocity of a dollar (the speed with which it moves
>from entity to entity) is much greater when it comes from the government,
>because the government does not save the money but people do.
You are joking, right? Government spending is a short-term measure ONLY and can never replace private industry when it comes to economic growth. Democrats love to chirp about the economic boom of the 1990's. That boom had nothing to do with government spending and everything to do with government restraint. That is the kind of growth we need in the future.
>The economy
>is slowly recovering from a bubble, and this is certainly helped by the
>spending. However, the bankroll for this spending of this current
>administration is not covered by anything in the bank, and this spending
>does is not helping the people who live in the US as much as is it some very
>high-profile corporations.
The majority of adult Americans are now investors in private equities, and what benefits those corporations benefits their shareholders. This idea that corporations are somehow evil, greedy entities that benefit only rich people just isn't true.
> I think that people generally realize this -
>money is flowing out of the government but not back in - this also happens
>to be recipe for inflation (think Reagan years). People are hoarding the
>money they have as much as possible.
huh? Last time I checked inflation was nowhere in sight. People are not hoarding money- in fact as a country we have one of the worst savings rates in the world.
>Corporations who got big tax cuts do
>not need to hire more people because people are 1) hoarding their money 2)
>will work for less to keep their jobs and 3) are becoming more productive
>using things that are bought to make them more productive with the money
>that is saved from corporate taxes. Jobs are not climbing in a meaningful
>way, they have little rises and then fall back down.
There is very little the President can do to affect any of these things- the best thing he can do is get out of the way of the market.
>Taxes need to be
>increased - spending needs to happen - the money needs to circulate rather
>than sit in somebody's (or some corporation's) bank account. Everybody gets
>richer when the money flows.
>
Please explain to me how I am going to be richer when someone takes more of my money than they were taking before. Government spending? I will never see a positive return from the government at any level. I make more than the average person and I don't mind paying taxes, but I am going to be better off when John Kerry raises my taxes? That's just plain silly.
Speaking of taxes, have you seen the Kerry's latest returns, (he ones they have released, anyway)? He paid around $870K or so on $6.8 million in wages- an effective tax rate of 12.8%. I thought rich guys had to pay more in taxes? Isn't that Kerry's whole stance?
>
>- Matt Small
>
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