Choice

[Ike Bana]

Originally Posted by BlueStreak

By "real economy", I'm assuming you mean investing directly in starting a business and hiring people as opposed to simply buying stock and expecting a return? Is that correct?

If so then I agree. Tax cuts for the ultra-rich and corporations who weasel out of paying anyways, are a waste of time and money. It must be invested in the middle class, the people who do the bulk of buying things and building businesses.

Dave

We chose to invest our money in equity instruments and not only did we expect a return, we have had a quite nice return. I'm long past running my ass into the ground building a business.

So I hope this doesn't mean that anybody is assuming that we are in any way ultra-rich or that we are weaseling out of paying whatever taxes we are exposed to. Which is the expectation with most equity investors in this country.

[BlueStreak]

Originally Posted by mpholland

Let's see here. If everyone were to just stick their money into the bank and not buy anything with it, how long do you think it would take for the economy to collapse?

That is essentially what is happening. The little guys are only spending what is necessary and saving (or trying to save) whatever they have left over. The big guys are spending, but only on necessities and luxuries, nothing that supports the mass economy, and it is a tiny fraction of their wealth.

I guess you can't fathom the concept that if 10 people start out with 10 bucks, and 1 person has all the water, those 10 people will go broke and die and the one person will have all the water still. It won't really do him any good, as he now has nobody left to sell water to, but he will be fine.

How did he get all the water? When his great, great, great, great grandfather settled this country, his family homesteaded all the property that had standing water on it, then since he was the only one with water, he became rich by selling it. Only he was smart and employed people to make irrigation systems, purify it, bottle it, etc., so that they could afford to buy the water. When he was rich and powerful enough, he patented all these ideas that others had designed and made even more money. He wasn't considered a monopoly, because there were still people out there that had devised ways of pumping water out of the ground, but he was keeping them broke by constantly bombarding them with infringement lawsuits. Even though they were bogus, it kept them spending money on litigation, and put all but the very strong ones out of business. Most of the others he bought out, but left a few, just so he could get past the monopoly laws.

Now, the lazy great, great, great, great grandson doesn't want to work anymore, and doesn't want to keep all the residual infrastructure up because it interferes with his leisure, so he just sits on his ass and counts his money. Meanwhile, people are dying because they don't have any water. That isn't his problem. He didn't take all their water, it wasn't theirs to begin with. Why should he care? God only knows what he is going to do with all that money and water. Nobody left to make things for him to buy.

And, THERE it is!!! Bravo, Old Boy!!!!

And, when those dying of thirst finally get tired of waiting for his better nature to shine through.....................

I'm just sayin'.

Dave

[BlueStreak]

Originally Posted by Ike Bana

We chose to invest our money in equity instruments and not only did we expect a return, we have had a quite nice return. I'm long past running my ass into the ground building a business.

So I hope this doesn't mean that anybody is assuming that we are in any way ultra-rich or that we are weaseling out of paying whatever taxes we are exposed to. Which is the expectation with most equity investors in this country.

I have investments too, Ike. But, I'm one hell of a long way from rubbing elbows with Ann and Mitt. And, I suspect you are too.

Dave

[BlueStreak]

See, that is the Achilles heel of "trickle Down" economics. In theory, it looks great. You allow people to accrue as much wealth as they can, they create businesses, expand them, hire workers, pay fair wages and voila! Prosperity for all!!! Yippee!!!!

Sounds great, right?

Except.....

What do you do when they start refusing to follow through? They make their money, then decide they don't need us anymore. They either refuse to create any jobs here, or they do, but not unless they alone get to decide what fair wage is......and their idea of a fair wage does nothing to enable workers to become viable consumers. And, they start using their position to demand deregulation that further reduces the rewards of work; for example the minimum wage, union membership, overtime, etc., etc., etc.........and whatever else.

Then start insisting on cuts to unemployment and the social safety net so that disenfranchised workers become more desperate, more quickly and therefore become willing to return to work for less?

Ummm...Let me know when any of this starts to sound familiar.

Dave

[noonereal]

Originally Posted by BlueStreak

See, that is the Achilles heel of "trickle Down" economics. In theory, it looks great. You allow people to accrue as much wealth as they can, they create businesses, expand them, hire workers, pay fair wages and voila! Prosperity for all!!! Yippee!!!!

Sounds great, right?

Except.....

What do you do when they start refusing to follow through? They make their money, then decide they don't need us anymore. They either refuse to create any jobs here, or they do, but not unless they alone get to decide what fair wage is......and their idea of a fair wage does nothing to enable workers to become viable consumers. And, they start using their position to demand deregulation that further reduces the rewards of work; for example the minimum wage, union membership, overtime, etc., etc., etc.........and whatever else.

Then start insisting on cuts to unemployment and the social safety net so that disenfranchised workers become more desperate, more quickly and therefore become willing to return to work for less?

Ummm...Let me know when any of this starts to sound familiar.

Dave

trickle down economics = piss on economics

[bobabode]

Originally Posted by noonereal

trickle down economics = piss on economics

Ahhhh, yes. That warm and gentle yellow rain drifting down the currents of air flowing through the canyons of steel and glass ain't manna from heaven, you can bet your sweet bippy on that.

[Pio1980]

Tinkle down economics, actually.

[donquixote99]

Originally Posted by Pio1980

Tinkle down economics, actually.

[Pio1980]

Tinkle down economics, actually.

Originally Posted by donquixote99

I've got mine, piss on you!

[4-2-7]

Originally Posted by bobabode

Ahhhh, yes. That warm and gentle yellow rain drifting down the currents of air flowing through the canyons of steel and glass ain't manna from heaven, you can bet your sweet bippy on that.

Bob are you a Union shop yet? Did you incorporate yet so lawsuits don't wipe you out?