Quote:
Originally Posted by SilentKnight
He doesn't pay taxes? Really?
So that 40-50% income tax that comes off his weekly paycheque is what...an admin fee? Charitable donation to a worthy cause? How about those sales taxes? Property taxes? School taxes?
As for those 3 million out-of-work people (assuming you're referring to autoworkers here)...they aren't the only ones who eat burgers I'm guessing.
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Do you know what a domino effect is? The less people there are that get paid, the less people there are spending. The auto industry isn't the only industry getting ready to hit bottom. Wait until the first of the year when the retail industry starts making their reports. There will be chains closing down right and left. Why is this? Because less people are working and more and more people are making less money. So in turn they spend less. Retail chains are giving away inventory right now. Which is the first in the rounds of deflation. Hyper-inflation follows.