A Hedge Fund Republic?

[tater]

Originally Posted by Ducimus

Tater,
You do realize that illegal immigration shoots that last paragraph to hell?

I'm for locking up people that hire illegals, and shoot to kill on the border, I'm for fixing that FIRST.

Mookie, "accepted economic theory" pretty much means left-leaning guys in academia.

The real question is if the money is put more effectively into the economy by being spent, or by going through the filter of the government. The government borrows so much, that the overhead just associated with interest on their spending instantly makes it inefficient. Better to not confiscate the moeny, than spend it at XX% on the dollar (even less give all the gov payroll that comes out between collection and expense).

The top 1% makes it sound like you are discussing Oprah and Bill Gates. You're in fact talking about hundreds of thousands of families where wages absolutely = hours worked. Professionals, for example. Every penny they don't pay in taxes will be invested or otherwise spent. They don't have jets, they only sometimes even have a 2d house (in fancy places like Pecos, lol—unlike back east, if someone here has a "cabin"... it's a CABIN). If they lives in CA or NY, they'd be hard-pressed to not spend every penny just to live. Housing is insane in NYC or CA, as ducimus can tell you. It's a million bucks to get a tiny place. 250k in major metro areas is hardly "rich."