RE: Dems need to do better and can do better.
October 23, 2014 at 3:32 pm
(This post was last modified: October 23, 2014 at 3:37 pm by Heywood.)
(October 23, 2014 at 2:54 pm)downbeatplumb Wrote: Rich people currently have a lot of tax breaks, but all they do is let the money build up in their accounts. Give tax breaks to the poor and the more money they have the more they will spend, they do not have any spare money so what comes in goes out.
So for a healthy economy give the poor more money, they will help circulate it. Rich people are like log jams on the economy just building it up where it does no good.
So what if people have more money to spend? If the amount of stuff they can spend it on doesn't change, all it means is the stuff that does exist will just cost more. If a hundred dollars bill magically appeared in everyone's pocket....there would be no net improvement in the standard of living. If an IPAD magically appeared in everyone's pocket, there would be an increase in the standard of living.
Also, Rich peoples money circulates just like everyone else. Rich people don't behave like Scrooge McDuck and keep their money in a huge vault only to swim in it.
(October 23, 2014 at 3:08 pm)Chad32 Wrote: Yeah, I know I have a list of things I'd spend money on if I had more of it. Mostly home and vehicle repair. That's why I'd be all for taxing people more if they have more money, and not taxing people at all if they make below a certain amount.
I'd like to get rid of disability, social security, unemployment, welfare, food stamps, etc and replace it with a universal basic income. Take all the government bureaucrats administering those programs and put them to work making stuff.
We'd be much better off.