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Old 08-04-2012, 12:37 PM
 
271 posts, read 167,391 times
Reputation: 78

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1 man with 1 billion dollars is not an economy, but 10,000 people with 100,000 dollars is. However the bigger problem at the moment is that the middle class - those that have the money to spend - don't have the money to spend. Hence, demand for products is low, new hiring is low.
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Old 02-19-2017, 05:17 AM
 
Location: Trieste
957 posts, read 1,124,876 times
Reputation: 793
He is a stupid, everyone knows that the marginal propensity to consume slows with the income

modern economy, that's growth economy, is based on spending and a huge middle class

it's the medieval economy, the stagnant one, that was based on the 1% of super rich and a 99% of poors with no purchasing power.
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Old 02-19-2017, 05:26 AM
 
Location: Pennsylvania
31,343 posts, read 14,078,978 times
Reputation: 27849
Romney.... LOL


An establishment Republican.
Should have beaten Obama in 2012 but just couldn't get it done.


This kind of guy is the reason for the rise of Donald Trump.
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Old 09-17-2017, 10:32 AM
 
21,431 posts, read 7,374,053 times
Reputation: 13233
Quote:
Originally Posted by zaybu View Post
1 man with 1 billion dollars is not an economy, but 10,000 people with 100,000 dollars is. However the bigger problem at the moment is that the middle class - those that have the money to spend - don't have the money to spend. Hence, demand for products is low, new hiring is low.
Agreed.

Seems like Lord Romney of Salt Lake would like to see a caste system instituted in this country.
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Old 09-17-2017, 10:39 AM
 
34,620 posts, read 21,444,545 times
Reputation: 22228
Who is more likely to open a manufacturing facility or biotech startup, a person with $1 billion or $100,000?
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Old 09-17-2017, 10:56 AM
 
3,129 posts, read 1,319,260 times
Reputation: 2493
Quote:
Originally Posted by PedroMartinez View Post
Who is more likely to open a manufacturing facility or biotech startup, a person with $1 billion or $100,000?
Exactly. Why do so many these days seem incapable of thinking further than a month into the future?

When Gordon Moore and Robert Noyce became super rich after inventing the integrated circuit, it sounds like you guys would rather have stripped them of their wealth and distributed it among 10,000 poor people instead of letting them go on to found Intel, which has subsequently employed hundreds of thousands of people over the last 4 decades, injecting billions into the economy in the process.



A perfect example of give a man a fish you feed him for a day, teach him to fish and you feed him for a lifetime. Are there any young people today coming out of government schools that understands this?
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Old 09-17-2017, 11:00 AM
 
1,348 posts, read 785,364 times
Reputation: 1615
Thumbs-up, well said, Raddo.

C'mon people, you really can think beyond your simplistic first, emotional response.
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Old 09-17-2017, 01:49 PM
 
57,022 posts, read 35,003,266 times
Reputation: 18824
Quote:
Originally Posted by PedroMartinez View Post
Who is more likely to open a manufacturing facility or biotech startup, a person with $1 billion or $100,000?
Why would the guy with a billion open anything? For what?

Lol...damn man. Don't you guys ever get tired of sucking up to the rich?
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Old 09-17-2017, 01:56 PM
 
34,620 posts, read 21,444,545 times
Reputation: 22228
Quote:
Originally Posted by desertdetroiter View Post
Why would the guy with a billion open anything? For what?

Lol...damn man. Don't you guys ever get tired of sucking up to the rich?
Do you want me to state listing all the billionaires who keep investing?

Warren Buffet is rumored to be looking at investing in an airline. Your logic, obviously flawed, is that he should have stopped investing when he made his first billion. Did he? No.

Your emotion doesn't trump reality.
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Old 09-17-2017, 02:00 PM
 
Location: Pacific NW
9,437 posts, read 7,325,571 times
Reputation: 7979
So it's Ok to keep talking about Romney but not Ok to talk about Clinton? Just the daily example of liberal hypocrisy.
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