Quote:
Originally Posted by Brian Carlton
If that's the case, the deficit should be dropping.
Why not? If the rich spend the money in the economy...........or the government spends the money (or gives it away to be spent by others)..........what's the difference to the economy in total?
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And since they cannot and in fact they show the deficit is going up IN SPITE OF their accounting tricks, can you blame me for being skeptical of how they will use this new found wealth if they increase the taxes? You stiffed me for $50 last time. Now I am to trust you with $100? You got to admit that is a tough sale. Now, if they could get their house in order and use the SAME accounting that we are forced to use, I might be more willing to trust them some more.
Not sure about that but I do know one thing. The rich have only so much to spend. Govt unfortunately does not. Govt spends more than it has on a daily basis. Some of it locally and some of it out of country. If I earn $500,000, I know I will spend most of it here. Govt, well...... Who knows where it ends up.