Increase consumer spending to get good economy - mainstream political theory

[muscleman-2017]

hahahahha

lies for the sheeple

[calfzilla]

On a macro level then yes it's true that spending is great for the economy. But on an individual level, hell no! Save your money and invest!

[Thin Lizzy]

Capital theory is a little too complex for a get big post but planning the economy towards consumer spending will come at the expense of long-term investment and projects. There really is no free lunch.

[Irongrip400]

hahahahha

lies for the sheeple

Why the need for an Amex gold and platinum? That's unnecessary annual fees right there.

[SF1900]

Why the need for an Amex gold and platinum? That's unnecessary annual fees right there.

Perhaps it's just about status??? 

[Mr Anabolic]

Consumer spending - lol  

The real unemployment rate in the US is over 20%.

70% of Americans don't have $1000 saved.

The Federal reserve and IRS have been robbing people since 1913.

Why would anyone keep cash in a bank?... absolutely no incentive to do this.  The current interest rates are so low it doesn't even keep up with inflation rate... plus there are taxes you have to pay on the accrued interest.

[Parker]

Why the need for an Amex gold and platinum? That's unnecessary annual fees right there.

6 different Amex cards, yet no Black Card? This person is a pauper, a pretender.

[Tennisballz]

Consumer spending - lol  

The real unemployment rate in the US is over 20%.

70% of Americans don't have $1000 saved.

The Federal reserve and IRS have been robbing people since 1913.

Why would anyone keep cash in a bank?... absolutely no incentive to do this.  The current interest rates are so low it doesn't even keep up with inflation rate... plus there are taxes you have to pay on the accrued interest.

I agree its not smart to keep any sizeable amount of money in a bank. 

[Irongrip400]

Perhaps it's just about status??? 

Platinum has better benefits than the gold, or any of the other Amex cards he/she has. Even for the Starwood card, all one would need to do is shift points to their account. Very redundant.

6 different Amex cards, yet no Black Card? This person is a pauper, a pretender.

Truth!

[funk51]

 

[funk51]

  and now in 2017 we are so lucky to have this version.

[Thin Lizzy]

and now in 2017 we are so lucky to have this version.

Yeah, let's hear about Bernie Sanders' economic theory.

Free college!

Are the Professors going to work for free? How about the administrative staff? The maintenance staff?


Here's how your system is working out in Venezuela:



https://www.theguardian.com/world/2017/aug/05/here-there-is-a-chance-venezuela-crisis-triggers-exodus-to-colombia

From the moment it opens at 8am each day, the Símon Bolívar bridge between Venezuela and Colombia heaves with people.

Up to 25,000 Venezuelans come to the sweltering border town of Cúcuta each day – many of them lugging empty suitcases to buy basic foodstuffs such as rice, flour and pasta that they cannot find back home.

[MONSTER_TRICEPS]

Unlimited economic growth is only possible when resources are limitless.

Time will come soon where economic growth like we have seen is no longer possible.

[Mr Anabolic]

Yeah, let's hear about Bernie Sanders' economic theory.

Free college!

Are the Professors going to work for free? How about the administrative staff? The maintenance staff?

Here's how your system is working out in Venezuela:

https://www.theguardian.com/world/2017/aug/05/here-there-is-a-chance-venezuela-crisis-triggers-exodus-to-colombia

From the moment it opens at 8am each day, the Símon Bolívar bridge between Venezuela and Colombia heaves with people.

Up to 25,000 Venezuelans come to the sweltering border town of Cúcuta each day – many of them lugging empty suitcases to buy basic foodstuffs such as rice, flour and pasta that they cannot find back home.

The US isn't much better and one day that stuff will be happening here.  The current economic, financial and social entitlement systems are not sustainable.  A total collapse is inevitable... It will make 1929 look like a joke.

[Griffith]

Decrease taxes everywhere, get rid of 'transfer duty tax', 'capital gain tax', 'inheritance tax', 'interest rate tax' and other government excuses to steal money from people who have worked for what they have.

[Matt]

"Trickle Down Economics" isn't an actual economics theory, just a buzzword leftists use to denounce rightists or mainstream economics. 

Show me one economics textbook that has the term "Trickle Down Economics" in it.  You can't, because there isn't one.

Consumer spending doesn't create a good economy - it is the *sign* of a good economy.  There's a difference.

As for Bernie Sanders' "free everything"  - as was said above, how did that work in Venezuela?  And when you consider that Venezuela is sitting on the largest oil reserves on the planet, that is really an impressive achievement in failure - even for leftists.

[Thin Lizzy]

The US isn't much better and one day that stuff will be happening here.  The current economic, financial and social entitlement systems are not sustainable.  A total collapse is inevitable... It will make 1929 look like a joke.

Couldn't agree more about the social programs which will eventually have to be wound down, but to say we're not much better off than Venezuela is a little much. There, you have people eating the zoo animals for food. Here, you have 21-year-old "Quantasia" tipping the scales at 300lbs.

[SF1900]

Why can't the worlds richest people come together to cure the economy:

Bill Gates
Vince Goodrum
Warren Buffet
Mark Zuckerberg

[sync pulse]

.

[Griffith]

Yeah, let's hear about Bernie Sanders' economic theory.

Free college!

Are the Professors going to work for free? How about the administrative staff? The maintenance staff?


Here's how your system is working out in Venezuela:



https://www.theguardian.com/world/2017/aug/05/here-there-is-a-chance-venezuela-crisis-triggers-exodus-to-colombia

From the moment it opens at 8am each day, the Símon Bolívar bridge between Venezuela and Colombia heaves with people.

Up to 25,000 Venezuelans come to the sweltering border town of Cúcuta each day – many of them lugging empty suitcases to buy basic foodstuffs such as rice, flour and pasta that they cannot find back home.

Socialism and Communism is a disease and their supporters and 'cadres' parasites and leaches sucking off the productive aspects of society and damaging the national economy, reducing freedom and incentive to develop or earn more because of punishing taxes.

[MORTALCOIL]

Unlimited economic growth is only possible when resources are limitless.

Time will come soon where economic growth like we have seen is no longer possible.

This. Every system finally enters its entropy stage.

[MORTALCOIL]

On a macro level then yes it's true that spending is great for the economy. But on an individual level, hell no! Save your money and invest!

Saving your money and investing doesn't really fit together. Unless you just use your savings to leverage debts.
There's no point just investing your cash. There's no return on investment that makes it worth it. With the actually interest rates, it would be foolish not to borrow other people's money.

[Ropo]

hahahahha

lies for the sheeple

It may seem like it, if you are complete moron. But there is a large bunch of economist who has win the Nobel prize of economy, who think it is a good idea. Who we should listen: Anonymous well known moron from the internet, or these nobelist?  

[Mr Anabolic]

Why can't the worlds richest people come together to cure the economy:

Bill Gates
Vince Goodrum
Warren Buffet
Mark Zuckerberg

Mere paupers compared to the Rothschild's and Rockefeller's.  They are the real owners of the USA. 

[Mr Anabolic]

It may seem like it, if you are complete moron. But there is a large bunch of economist who has win the Nobel prize of economy, who think it is a good idea. Who we should listen: Anonymous well known moron from the internet, or these nobelist?  

You actually believe economists and government stooges are omnipotent?  You need a wake up call.