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Old 10-18-2016, 08:55 AM   #121
CaptainCrunch
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I don't agree with you on this strategy, even if you print money and hand it out like Canadian Tire dollars, when times are tough and the economy is bad, people are more then likely to take that money and ram it into their mattress.

There's no guarantee that it will increase spending, the only guarantee is that we would be stuck with less valuable dollars.

I think that people are going to start spending less anyways because spending habits are going to change. People that were spending like crazy on easy credit are the first people falling now, they're going to come back if they can with a save money frame of mind.

As far as wealth distribution and robin hooding society, I look at it as a cynical form of vote buying, it sounds good in practice. But campaigning on we're going to tax the super rich outrageous tax rates to punish them for being successful seems foolish, and its promoting class warfare, and it comes off as people thinking that the occupation movement was more then wasted motion by people who watched wallstreet 20 times.

fundamentally to me anyways there has to be a better way then just thinking taxation is the solution because its not, to me taxation is economically regressive and a drag on the economy. As much as people laugh at the whole trickle down theory, there has to be some middle ground reached between taxation and getting the people with money to invest in the economy.

By taxing them you discourage it and in what is now a global economy, they're more then likely to invest somewhere else.
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