U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 08-04-2012, 11:37 AM
 
271 posts, read 145,451 times
Reputation: 78

Advertisements

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.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 02-19-2017, 04:17 AM
 
Location: Trieste
930 posts, read 906,711 times
Reputation: 712
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.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-19-2017, 04:26 AM
 
Location: Pennsylvania
17,726 posts, read 6,051,972 times
Reputation: 14324
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.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-17-2017, 09:32 AM
 
13,943 posts, read 3,520,084 times
Reputation: 7493
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.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-17-2017, 09:39 AM
 
34,648 posts, read 17,943,024 times
Reputation: 22153
Who is more likely to open a manufacturing facility or biotech startup, a person with $1 billion or $100,000?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-17-2017, 09:56 AM
 
3,130 posts, read 1,034,586 times
Reputation: 2479
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?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-17-2017, 10:00 AM
 
1,348 posts, read 613,879 times
Reputation: 1615
Thumbs-up, well said, Raddo.

C'mon people, you really can think beyond your simplistic first, emotional response.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-17-2017, 12:49 PM
 
55,450 posts, read 29,805,873 times
Reputation: 17951
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?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-17-2017, 12:56 PM
 
34,648 posts, read 17,943,024 times
Reputation: 22153
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.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-17-2017, 01:00 PM
 
Location: Pacific NW
9,434 posts, read 6,310,744 times
Reputation: 7934
So it's Ok to keep talking about Romney but not Ok to talk about Clinton? Just the daily example of liberal hypocrisy.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top