View Single Post
Old 09-07-2012, 08:32 AM   #42
La literatura La literatura is offline
MVP
 
La literatura's Avatar
 

Join Date: Nov 2011
Casino cash: $5000
Quote:
Originally Posted by RubberSponge View Post
And you're relying on the notion that a business owner reinvests his tax breaks into the company rather than his own damn pocket as well. I'll take an easy guess that the middle class use a higher percentage of their disposable income on consumer goods than the wealthly do. It's not really making an assumption and relying on the middle class to use their tax breaks on consumer spending rather than having the ability to put it in any savings. It is a reality that the majority of middle class live paycheck to paycheck and don't always have the ability to put money into savings. You want tax dollars to be reinvested back into the economy at the fastest rate possible. Give it to the people that either can't hold onto the money, or have to simply use it to live. That is just basic common sense on human behavior.

But by all means, give it to the guy who has no reason or intention to move that money but straight back into his personal piggy bank. And then wonder about stagnation, while blaming it on those lazy middle classers who want nothing but another handout.
Aren't savings to personal piggy banks also monies banks will use to give loans for things like businesses and large purchases? It's not like when a rich person puts money into their savings account, it actually sits there. It gets reinvested by the bank. Or am I missing something here?

Last edited by La literatura; 09-07-2012 at 08:39 AM..
Posts: 7,171
La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.
  Reply With Quote