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re: Who is to blame for this alleged disappearance of the middle class?
Posted on 2/2/14 at 9:54 am to germandawg
Posted on 2/2/14 at 9:54 am to germandawg
quote:
germandawg
So lets view this from an investment standpoint. I take $1000 from one of my successful businesses in order to invest it into my continuously failing startup. I should expect equal productivity from the startup? Despite the fact that one entity earned me $1000 to invest with, and the other requires $1000 to continue to operate, the net gain is the same? 1000 is 1000, despite the efficacy or productivity of the current possessor? I call BS. There are economic black holes in America into which quite a lot of economic waste has and will continue occur. The mere existence of currency is by no means an indicator of a productive economy as your theory indicates.
Posted on 2/3/14 at 4:46 am to MrCarton
quote:
So lets view this from an investment standpoint. I take $1000 from one of my successful businesses in order to invest it into my continuously failing startup. I should expect equal productivity from the startup? Despite the fact that one entity earned me $1000 to invest with, and the other requires $1000 to continue to operate, the net gain is the same? 1000 is 1000, despite the efficacy or productivity of the current possessor? I call BS. There are economic black holes in America into which quite a lot of economic waste has and will continue occur. The mere existence of currency is by no means an indicator of a productive economy as your theory indicates.
No, my friend, if you burn that $1000 it will do nothing for the economy...but if you hand it over to a crack addict he will immediately invest it in a crack dealers product who will immediately buy another gold chain or a pistol and the person who sold either to him will put the money into the bank and it will be borrowed so the lady down the street can fix her leaky roof and the roofing contractor.....but yes, if you set it on fire it will not do anything.....but either way it enters the economy again and again and again is meaningless....thanks for making my point for me....taxes are not a black hole.....
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