$1000 for each child by this week (2 Viewers)

[Enteebee]

omg $1000?!?!?!?!!!!!

I WANT A THOUSAND DOLLARS!!!! >:[

 

[boris]

yeah they do. just go to lakemba....and see all the Nikedry fit hats are sold out due to the 1K hand out. LOL

Im outraged i am. This money was meant to be used to help the economy by boosting bottle shop sales and harvey normans christmas plasma tv sales

 

[sdent40]

Right on Trefoil!

It's an economic stimulus package. We're heading for a recession. You stop/dampen recessions by releasing economic and infrastructure stimulus. E.g. tax cuts, interest rate cuts, one-off handouts, healthcare funding, education funding, infrastructure spending.

Yes, the Keynesian theory of increasing aggregate demand could be shown to work because by taking money out of your left pocket and putting it into your right pocket, the govt makes the overall quantity of money + demand greater!

And you dirty self-interested capitalist pigs who think you’re really clever, don’t tell me that it’s about redistributing the $$$ to the people who will spend it as opposed to save it: because all the saved money is left in banks – and everybody knows banks don’t lend money and finance capital investment spending in the rest of the economy!

In conclusion: Socialism rulz and capitalists are dum dums lol

 

[jb_nc]

These Keynesian ideas are a big part of what caused this mess in the first place. We cannot simply spend our way out of this. We need to stop overspending on consumption and start saving and producing. This is the only way to create a sustainable economy in the long term.

These short sighted measures, merely delay the inevitable, and delay the restructuring process.

Remember also, that the government doesn't actually have any money of its own to hand out. It must get the money by taxing, borrowing or deflating the currency.



I didn't realize it was so easy to dichotomize everyone and classify them as either rich or poor.

All else being equal, I believe society is better off its resources are more equally distributed than less. However, the belief that the government can achieve this without extremely damaging consequences, or even at all, is a fantasy.

We cannot simply 'tax the rich more' indefinitely. Read about the Laffer Curve (Laffer curve) - Wikipedia, the free encyclopedia. Taxing the rich excessively also reduces peoples incentive to work hard and come up with innovative ideas. If you take this well intentioned idea too far it can end up making everyone worse off.



This societal collapse argument is simply not true. The wages of unskilled westerners could fall massively before they lost their intensive to work or could barely afford basic living expenses. In any case, it is not relevant to a $1000 stimulus package.



Basically because it is not necessary. We already have adequate social security and socialised education and healthcare. In many ways these are good policies.

Giving people lump sum payments is extremely foolish. It encourages wasteful consumption. If you wanted to help this disadvanted, the money would be much better invested in our education system.

DID YOU JUST CITE THE MOTHERFUCKIN LAFFER CURVE

LOL

is that in poster form sandwiched between ronald regan and margaret thatcher

 

[housah0lic]

that was an interesting read


fuck i love BOS



no thousand for me


... daddyyy

 

[withoutaface]

The reason for not taxing the rich is completely irrelvant to the laffer curve (except in case of capital gains, you're on notice Barack Obama), it's because it makes them more risk averse than they should be and stifles innovation.

 

[A High Way Man]

The reason for not taxing the rich is completely irrelvant to the laffer curve (except in case of capital gains, you're on notice Barack Obama), it's because it makes them more risk averse than they should be and stifles innovation.

theres a new christian book store in west peno

 

[sdent40]

(except in case of capital gains, you're on notice Barack Obama)

Don't you understand? It has nothing to do with making peoples lifes betta off, it's about FAIRNESS! That's why we're maknig everyone worse off lol

 

[Will Shakespear]

the $1000 should have gone to uni students instead of old ppl

old ppl can get farked

but we don't vote homogeneously enough