A Hedge Fund Republic?

tater · 11-18-10, 08:15 PM

In the context of STIMULUS, (the OP op-ed's point re: tax dollars), then I think trickle down is spot on. The poor will spend the money on cheap crap, disproportionately imported from China (even FOOD these days).

This doesn't help the American economy much IMO.

Maybe it's because I have friends who do work like kitchen remodels, or cabinet makers, artists, tile makers, yard work, etc. Their customer base is all people with disposable income, and they and their employees have kids to feed.

I'd be interested to see the breakdown of what % of a given dollar value spent stays in the US for given income ranges, and if it leaves, to which countries... that would be fascinating.

11-18-10, 08:15 PM	#13
tater Navy Seal Join Date: Mar 2007 Location: New Mexico, USA Posts: 9,023 Downloads: 8 Uploads: 2	In the context of STIMULUS, (the OP op-ed's point re: tax dollars), then I think trickle down is spot on. The poor will spend the money on cheap crap, disproportionately imported from China (even FOOD these days). This doesn't help the American economy much IMO. Maybe it's because I have friends who do work like kitchen remodels, or cabinet makers, artists, tile makers, yard work, etc. Their customer base is all people with disposable income, and they and their employees have kids to feed. I'd be interested to see the breakdown of what % of a given dollar value spent stays in the US for given income ranges, and if it leaves, to which countries... that would be fascinating.