Re: Re: Bush or Clinton economy?
Originally posted by fest3er
It has been shown often throughout history that if there is a plentiful supply of cash, then everyone will have as much as he needs, trade will flourish and standards of living will increase greatly, and people will generally be quite content.
The source of wealth is money. Nothing else.
Fest3er
That's funny Neal,, last time I checked,, Mexico (which operates under your philosophy) has money with little value. If I take $10 American across the border,, I can buy $100 worth of Mexican products, and vice-versa, If a Mexican brings $10 of his "peso's" he can barely buy a soda. Not even a $. 99 Jumbo Jack, from Jack in the Box.
Increasing the amount of money circualting does wonders for the economy, everybody benefits until/while supply and demand catches up. When the amount of money stops being increased... . we are right back where we started before we increased the amount of money in circulation, except now, something we used to buy for $10, now costs $15. It hurts our pocketbook just the same as before,, but now the money is worth less.
This can get well out of hand,, you may want to look at other countries that have attempted your philosophy, and you may learn that it literally takes a wheelbarrow of money just to buy a loaf of bread.
What I would like to see would be money with high value. (Pennies might actually have value again!)
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On another rant... .
A flat tax rate would be great!
With the way the tax works now,, with % of tax increasing for how much money you make,, I will stick in the best value/money tax bracket (lowest possible)
This year my Dad has the capability to gross over $400,000, and have income of $200,000. My Dad and I would be working approximately 100 hours a week, this is nice, very nice, but with taxes reaching 50%, are we going to do it? NO WAY!! Might as well be lazy, and work normal hours, lower our overhead, drop down a few brackets, make $100,000 less, but only lose about $45,000. We can have MUCH more time, ALOT less stress, and make nearly the same amount of money. Sounds win-win to me.
Why does the government promote laziness? That's what I'd like to know.
Ok,, Off soap box,, don't flame me. Just my opinion's,, hope they don't stink
