danielpalos
Diamond Member
- Banned
- #161
I expected an Infrastructure plan not a help the rich get richer quicker, plan.spend and finance works; but, why blame the poor when the rich get their bailouts, as usual.we should be spending on infrastructure via macroeconomics, not on microeconomic stuff.inducing boom and bust cycles and bailing out the rich, is not very capitalistic.
Then I guess you are suggesting that somehow tax cuts induce boom and bust cycles? Please explain the economic theory behind that bit of economic wisdom. Wouldn't you more insist if thinking, that governmental policy does that. What created the housing crisis? Government interference! It caused a FALSE signal to be sent that more housing was needed because of low interest rates on housing to get more people in them. That was NOT a signal sent by economics, but by government.
Let me ask you something---------> If you and I have 3% down on a house each, why would one of us get it, and the other not if we have everything the same?
REAL ANSWER----------> NEITHER of us should get it, but one of us will IF we were a minority in the past. That is not based on sound economic principles, that is based on government, social, engineering.
Now you have heard all the nonsense I bet, how the richer people caused this by moving up into houses they couldn't afford; and you would partially be correct. But the real question is-----------> what happened to their old house! How did they sell it, and start that vicious cycle of over reach by all? And that is exactly how NEW CONSTRUCTION prices went up so fast........because existing construction could be sold so quickly to anyone with a job making peanuts. Government did this, it DID!
Look back to newspapers and on youtube if you want to teach yourself something. Politicians from BOTH partys were heralding how absolutely wonderful they were because home ownership was so high, all because of their brilliance and policies.
And then, and then, and then, because of those policies, it all came crashing down.......not because of sound economics, but because of their brilliant social engineering, sound economic policies in housing were tossed out the window. You didn't hear either side of the aisle crowing so much anymore, did you. Instead, you seen them pointing the finger at each other, trying to pass the blame......when they BOTH screwed it up.
That is why YOU keeping as much of your money as possible while still funding the necessities of government, is sooooooo important. You can choose much wiser what is best for you than they can, and if you can't afford it by sound economic policies put forth by lending institutions, they won't allow you to buy it, IF you have to borrow money to do it!
Hey, I am not doubting you, or agreeing with you. I am just showing you what through history has worked. The numbers prove it out. There is no denying it if you check the numbers.
Wait a second here, lol. Who would you expect to get the most in cuts, those that pay 90% of the taxes, or those that pay 0? It is called a............wait for it.......tax CUT, not a tax gift-)