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Post By
Would be Watcher

Location: Canada
Member Since: Sat May 17, 2008
In Reply To
mjyoung

Subj: I'm not an economist at all...
Posted: Thu Mar 11, 2010 at 04:34:23 pm EST (Viewed 758 times)
Reply Subj: Re: L-O-N-G Answer Within! :)
Posted: Wed Mar 10, 2010 at 08:26:13 pm EST (Viewed 791 times)





    Quote:
    The problem with "trickle up" economics, is that your economy isn't growing. That's why a standard process in recessions is to cut taxes on the rich. You free up more money at the top and they can spend that money in better ways for the economy, like starting new businesses, spending money on research, etc.



    Quote:
    When rich people have money, their goal is to make more money. So they invest it. That means growth. So if you want to grow the economy, then you give the rich the ability to make more money. Obviously the problem is apparent, and you have to find the right balance between how much to give them.


...but isn't contradictory to expect the solution to money redistribution to be an even greater concentration of money into the pockets of those who already have most of it? Wouldn't it makes the problem ever more important down the line with rich being ever richer and poor ever poorer?



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