Comment

Americans Favor Letting Tax Cuts for Wealthy Expire

217
WINDUPBIRD DISEASE [S.K.U.M.M.]9/10/2010 11:06:33 am PDT

re: #213 EmmmieG

I’m not throwing anything at you. I’m trying to get you to see that spending money on things made by people who make things for a living is not hoarding.

I think the only thing we can agree on is that the great depression was caused as much by the fearful collective state of mind as by anything.

I understand that it’s not hoarding. But what you seem to be completely avoiding is the fact that buying luxury goods is a poorer way to stimulate the economy compared to starting a business.

Once you spend money on a business, that business has potential. It can create. It can strengthen this turd of an economy. The money you spend on the business can create.

After rich lady buys her handbag, does it have potential to make more handbags? Do they breed? Do they have legs? Can the handbag walk into Chase and get a loan and start buying office furniture?