Pages

Jump to bottom

11 comments

1 Achilles Tang  Mon, Jul 11, 2011 4:00:29pm

My comment. My personal experience with US business, at various levels is that it is getting worse. My bank, Bank of America, has zero personal service and ever increasing nickle and dime fees compared to 10 years ago. Small firms are after a quick buck and even those in “new” industries like solar are just chasing federal rebate programs.

Anybody ever run into an idiotically stupid automated telephone system that could easily be improved if anyone gave a damn? This my universal indicator of degeneracy.//

2 laZardo  Mon, Jul 11, 2011 10:51:24pm
As we all know, the housing bubble and its related financial legerdemain

For those that want those extra 10 points on your SAT…

3 mr.fusion  Tue, Jul 12, 2011 6:04:17am

What prevents jobs is the death of the middle class

What creates more jobs, taking $1M and giving it to a guy who makes $30 million a yr, or giving 500,000 people making $30K a yr an extra $2,000?

4 Achilles Tang  Tue, Jul 12, 2011 6:38:06am

re: #3 mr.fusion

I would argue that giving 500,000 people $2000 each will do nothing except pay off some debt or buy more consumables for a few months. Then back to where they were. Nobody would consider that long term expansion capital.

I would also argue that anyone earning $30 million per year will change nothing in their behavior that they couldn’t already do if they were given an increase of 3% in income for doing nothing.

5 Absalom, Absalom, Obdicut  Tue, Jul 12, 2011 6:46:43am

re: #4 Naso Tang

I would argue that giving 500,000 people $2000 each will do nothing except pay off some debt or buy more consumables for a few months. Then back to where they were. Nobody would consider that long term expansion capital.

BUt it’s the velocity of money; those people will spend largely into their local community, and that money will then move around in that community.

I would also argue that anyone earning $30 million per year will change nothing in their behavior that they couldn’t already do if they were given an increase of 3% in income for doing nothing.

Absolutely true.

6 Achilles Tang  Tue, Jul 12, 2011 6:52:27am

re: #5 Obdicut

My point is that money must be targeted to be effective. $2000 for everyone will likely only give a small profitability boost to many companies, but not enough to make any changes on.

Remember when GWB gave virtually everyone in the country $600? A lot of good that did, and it made absolutely no difference to my life.

7 Decatur Deb  Tue, Jul 12, 2011 6:53:37am

re: #6 Naso Tang

My point is that money must be targeted to be effective. $2000 for everyone will likely only give a small profitability boost to many companies, but not enough to make any changes on.

Remember when GWB gave virtually everyone in the country $600? A lot of good that did, and it made absolutely no difference to my life.

Did a great deal of good. I signed mine over to the Obama campaign.

8 Achilles Tang  Tue, Jul 12, 2011 6:54:08am

re: #7 Decatur Deb

Heh.

9 mr.fusion  Tue, Jul 12, 2011 9:15:13am

re: #6 Naso Tang

My point is that money must be targeted to be effective. $2000 for everyone will likely only give a small profitability boost to many companies, but not enough to make any changes on.

Remember when GWB gave virtually everyone in the country $600? A lot of good that did, and it made absolutely no difference to my life.

But my point was, which would create more jobs….only using the $1M number to make the numbers easy to fathom. The grander point, of which you seem to agree with, is that middle/lower middle class will spend the money on goods and services whereas the rich (er, job creators) will stash it away with the rest of their load

10 Achilles Tang  Tue, Jul 12, 2011 10:12:47am

re: #9 mr.fusion

and my point is that neither will make any measurable difference in new job creation.

11 Achilles Tang  Tue, Jul 12, 2011 10:19:47am

Looks like this has been bumped off the big screen, but here is a well put argument in the same vein.

The spurious argument that job creation hinges on tax rates


This page has been archived.
Comments are closed.

Jump to top

Create a PageThis is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.
Or... you can just click this button to open the Pages posting window right away.
Last updated: 2021-06-05 2:51 pm PDT
LGF User's Guide RSS Feeds Tweet

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Donate with
PayPal
Cash.app Shop at amazon
as an LGF Associate!
Recent PagesClick to refresh
Justice Dept Sues Uber for Price Gouging the Disabled With “Wait Times”Justice Department Sues Uber for Overcharging People With Disabilities The Justice Department today filed a lawsuit against Uber Technologies Inc. (Uber) for charging “wait time” fees to passengers who, because of disability, need more time to enter a car. Uber’s ...
Thanos
1 week, 4 days ago
Views: 1,288 • Comments: 0 • Rating: 1
Tweets: 2 •
Be Alive (Original Song From the Motion Picture ‘King Richard’) Provided to YouTube by Parkwood Entertainment/Columbia Be Alive (Original Song from the Motion Picture "King Richard") · Beyoncé Be Alive (Original Song from the Motion Picture "King Richard") ℗ 2021 Parkwood Entertainment LLC, under exclusive license to Columbia Records, ...
Thanos
2 weeks, 2 days ago
Views: 1,129 • Comments: 0 • Rating: 0
Tweets: 2 •