Winterclaw opened this issue on Feb 15, 2009 · 73 posts
operaguy posted Mon, 16 February 2009 at 10:40 PM
The US population will not just suddenly start spending because there some "stimulus money" is floating around. The old tricks don't work any more. People will just hold it because they are scared.
Even if they just "gave" the 700 Billion equally to everyone it would only be $2300 per person. That sounds like a lot, but it just a "give."
Supposedly a "multiplier effect" is supposed to kick in. Well, that won't happen. John Maynard Kenyes is dead.
You have to produce your way out. If the government recinded the wasted bailout, declared a 10-year withdrawl on all personal and corporate income tax and capital gains tax -- no tax whatever -- then you'd have something. And yes, there would still be a way to fund the government with those taxes shot down.
But they won't. They are doing the opposite.
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