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nadinbrzezinski

(154,021 posts)

12. Good luck with that one

Reply to dkf (Reply #10)

Sun Jun 24, 2012, 05:35 PM

Jun 2012

we did that once already in recent memory... and not one iota of spending from the private sector. IN fact, they are SITTING ON TRILLIONS as I type this. Tax the bastids, then they will invest it, to protect it from the e'vil Guv'ment!

You doubt this? Look up the numbers of actual, well investment and how they correlate with taxation rates.

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Consumer Spending Probably Stalled in May: U.S. Economy Preview [View all] dkf Jun 2012 OP

People not spending money is a good thing. The rate of savings in this country is way too low. RB TexLa Jun 2012 #1

Right now, we need consumers to spend. And, fingers crossed, cheaper gas will help. MrTriumph Jun 2012 #2

So the fact that people fear losing their jobs doesn't matter to you? They should spend their money RB TexLa Jun 2012 #3

Business expansion is a key to job creation. That is agreed upon by Ds & Rs. MrTriumph Jun 2012 #4

You did leave off one person who benefits from saving, the saver. But it's pretty clear you don't RB TexLa Jun 2012 #5

Talking across each other nadinbrzezinski Jun 2012 #6

Perhaps if the PEOPLE were bailed out, they would spend, and the economy would recover. Huey P. Long Jun 2012 #21

Well in effect what you are asking nadinbrzezinski Jun 2012 #22

As a former banker I can tell you. Chan790 Jun 2012 #14

Trust me, I know nadinbrzezinski Jun 2012 #17

While it is true that saving. sendero Jun 2012 #18

No, no, spend, spend, you are thinking selfishly wanting a safety net of savings. People RB TexLa Jun 2012 #19

Read post number six nadinbrzezinski Jun 2012 #23

I'm fully in support of that... Chan790 Jun 2012 #24

At a macro level I will take it a step further nadinbrzezinski Jun 2012 #25

I don't pay any fees on any of my savings accounts. I pay commisions when I buy or trade securities RB TexLa Jun 2012 #26

Of course you do. Chan790 Jun 2012 #27

No, they should spend to stimulate the economy to forestall job-cuts and layoffs. Chan790 Jun 2012 #13

Which is why the government needs to spend.. girl gone mad Jun 2012 #7

But removing the debt is good for the future, but I know sacrifice is no longer a value RB TexLa Jun 2012 #8

Not in the short term, unless you like a depression nadinbrzezinski Jun 2012 #11

Which is why private sector spending should be encouraged. dkf Jun 2012 #10

Good luck with that one nadinbrzezinski Jun 2012 #12

They ONLY get the break it they invest it. dkf Jun 2012 #15

Again, look at tax rates and how they correlate nadinbrzezinski Jun 2012 #16

Money Talks BrendaBrick Jun 2012 #9

Catch-22. The economy won't pick up unless people buy more.. Tierra_y_Libertad Jun 2012 #20