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OweO
LSU Fan
Plaquemine, La
Member since Sep 2009
79026 posts

What Would Happen To The US Economy If Everyone Lived Modest?
The biggest part of our economy is retail with auto sales playing a big part.

So how much would it hurt our economy if everyone decided to keep their vehicles as long as possible?

And people start living more modest in general. People start building smaller homes to reduce cost, people stop eating out as much, people stop buying the latest and greatest gadgets that is cool to have, but isn't really needed, etc?


RogerTheShrubber
LSU Fan
Juneau, AK
Member since Jan 2009
174846 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
It would be like the 1960s, with better technology


Chad504boy
New Orleans Saints Fan
Member since Feb 2005
132644 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
I’m too modest to admit I know the answer to these questions.


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192
TigerMyth36
River Ridge
Member since Nov 2005
38218 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
Armageddon. 4% GDP growth is booming. A 20% decrease would be catastrophic.


Rust Cohle
Baton rouge
Member since Mar 2014
1149 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
Peter schiff


Bunk Moreland
Michigan Fan
Detroit, MI.
Member since Dec 2010
24760 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
We're a debt-laden infinite growth pyramid scheme.


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400
LSUBoo
Houston Astros Fan
None. None More Black.
Member since Mar 2006
78923 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
There would be a dip at first, but eventually it would thrive.


tgrbaitn08
USA Fan
Member since Dec 2007
87688 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
quote:

The biggest part of our economy is retail with auto sales playing a big part.

So how much would it hurt our economy if everyone decided to keep their vehicles as long as possible?


Well if vehicles were made like they used to be people would keep them longer.

God damn you’re a fricking idiot.
This post was edited on 8/13 at 8:01 pm


VolsOut4Harambe
Carolina Panthers Fan
Atlanta, GA
Member since Sep 2017
2632 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
What you just described is the basis behind socialism.

Simple answer: it would tank cash flow which is needed in any economy.


tgrbaitn08
USA Fan
Member since Dec 2007
87688 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
quote:


So how much would it hurt our economy if everyone decided to keep their vehicles as long as possible?

And people start living more modest in general. People start building smaller homes to reduce cost, people stop eating out as much, people stop buying the latest and greatest gadgets that is cool to have, but isn't really needed, etc?


Sounds like something a poor person that receives a government check would say.

You want a bigger check at the beginning of each month?


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StupidBinder
LSU Fan
Jawja
Member since Oct 2017
3120 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
The economy would be fine if this happened gradually, say, over the course of a generation.

If it happened next year, then we’d all be royally screwed.


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130
OweO
LSU Fan
Plaquemine, La
Member since Sep 2009
79026 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
quote:

Well if vehicles were made like they used to be people would keep them longer.

God damn your a fricking idiot.



While that might be the case in some instances, people didn't drive as much as they do today so that helped them have a longer life.

And are you saying people do wait until they need a vehicle instead of wanting a new vehicle... to buy a new vehicle?


VetteGuy
LSU Fan
Member since Feb 2008
25425 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
Socialist Board.


VABuckeye
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
24332 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
quote:

The biggest part of our economy is retail with auto sales playing a big part.


You do realize that the population is growing and that auto sales have stagnated and are declining in many instances, right?

Well, obviously you don’t.


OweO
LSU Fan
Plaquemine, La
Member since Sep 2009
79026 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
In away you can argue that our economy has a socialist theory to it.

It is dependent on everyone to spread their wealth by buying a bunch of shite.


teke184
LSU Fan
Zachary, LA
Member since Jan 2007
34779 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
quote:

So how much would it hurt our economy if everyone decided to keep their vehicles as long as possible?


The business in after-market parts would be a lot bigger, which means that factories supplying the current car manufacturers would still be pretty busy as cars continued to break down even if people aren't spending $80K on 72 month financing for the new Deluxe Truck Nuts Ford F-250.

By contrast, the "Cash For Clunkers" event under Obama not only didn't really create any additional sales of new cars (it only moved already planned sales forward a few months), it ended up killing the used car market and hurt sales in aftermarket parts that would have been used to maintain those cars.


RogerTheShrubber
LSU Fan
Juneau, AK
Member since Jan 2009
174846 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
quote:

In away you can argue that our economy has a socialist theory to it.

It is dependent on everyone to spread their wealth by buying a bunch of shite.


Jesus Christ..

I'll bet you actually were serious


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76
OweO
LSU Fan
Plaquemine, La
Member since Sep 2009
79026 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
quote:

You do realize that the population is growing and that auto sales have stagnated and are declining in many instances, right?


I am well aware of that, but even with stagnant sales auto sales is still a big part of the retail industry.


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00
Obtuse1
Wofford Fan
The Diversion
Member since Sep 2016
5685 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
quote:

Well if vehicles were made like they used to be people would keep them longer.

God damn your a fricking idiot.


Says the guy spouting the dumbest shite about cars. A car built today outlasts those from years ago by multiple times. It is one of the consumer products that has shown extreme growth in reliability/dependability over the last 50 years.


VolsOut4Harambe
Carolina Panthers Fan
Atlanta, GA
Member since Sep 2017
2632 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
quote:

In away you can argue that our economy has a socialist theory to it.

It is dependent on everyone to spread their wealth by buying a bunch of shite.




You serious Clark?


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