...

Go Back   Lateral-g Forums > Lateral-G Open Discussions > Off Topic Forums
User Name
Password



 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #11  
Old 11-09-2012, 01:45 PM
WSSix WSSix is offline
Lateral-g Supporting Member
 
Join Date: Nov 2008
Location: Dunwoody, GA
Posts: 6,539
Thanks: 1,344
Thanked 806 Times in 611 Posts
Default

Quote:
Originally Posted by realcoray View Post


If you give me a tax cut, there certainly is a chance that I'd spend it, but there's a near equal chance that I'll do something that has 0 economic affect like putting it into my savings account.
That comment right there shows your lack of understanding of how the economy in this country works. Putting money into a savings account is not letting it sit idle. It has a huge affect on the economy. There is not a vault in a bank with your cash in it just waiting for you to come take it out. It's being used for investments and loans. It is generating wealth for people.

You should read more on Austrian Economic principles, mises.org is a good start, and read more on Hayeck. It will better explain how and why capitalism works with history and facts unlike those extremely intelligent and perfect academic theories that just never seem to work for some reason proposed by Keynsians. That last part is me being sarcastic again. Sorry, but I am not going to listen or follow anyone's theories when one of them is that it would help the economy if the government buried money and then paid someone to dig it up. That's stupid. That's Keynes for you.

We need Andrew in this thread.
__________________
Trey

Current rides: 2000 BMW 540i/6 and 86 C10.

Former ride: 1979 Trans Am WS6: LT1/T56, Kore 3 C5/6 brakes, BMW 18in rims

Last edited by WSSix; 11-09-2012 at 01:50 PM.
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -7. The time now is 09:59 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
Copyright Lateral-g.net