Quote:
Originally Posted by Paul Markham
It's all taxes.
Give everyone $100 a month, likely hood is they will buy something with a "Made in China" label. The $100 in taxes went to employ a guy in the US, to spend in his local shops and buy something imported. Cut taxes and he loses a job and the shops lose revenue.
?
|
Quite possibly, but at least they will have something to show for their money. It's better than bank bailout and supporting crony capitalism with that money. ;)
The money is just made up anyway. In terms of physical economy resources are flowing into the US and they are getting our shit dollars. They have to make purchases in the US in order for physical resources to flow out. Physical resources are what are really important. That is a truer measure of wealth. When they do that, it brings dollars back into the country. There are 2 economies, 1 is make believe, one is based on physical resources and labor. You have to factor the 2 together and not simply follow the money alone. That doesn't tell the whole story.