"The Multiplier Effect" (myths, compare, versus, percent)
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Unless of course you're willing to suggest that Social Security has no obligation to repay individuals, (which it legally doesnt), but you tell that to the voters..
Then you already know that we will have and need over $100T of National Debt at some point of time!
All of those items, with the exception of tax deductions, is welfare..
YOU KEEPING YOUR MONEY isnt welfare..
The only way one could claim that it is, is if you believe all money is the governments..
Many believe that some forms of tax advantages, deductions, credits and loop holes to be essentially welfare for the rich. Any Federal tax is too much Federal tax IMO.
To believe there is no multiplier effect you would have to believe that anyone so employed by a stimulus project never pays a bill they other wise wouldn't have because they were unemployed, that they never purchase anything of any sort, and that they never buy a service of any kind. Just like you'd have to believe that the road built never ever, ever facilitaties commerce of any kind.
In short, there is a reason why every economist which actually works as an economist (instead of a paid liar for some spurious political hack group) confirms that there is indeed a multiplier effect. People who gain jobs do indeed spend the money they earn thus increasing economic activity. It's just a fact even if some dullard starts a thread attempting to deny established economic facts.
To believe there is no multiplier effect you would have to believe that anyone so employed by a stimulus project never pays a bill they other wise wouldn't have because they were unemployed, that they never purchase anything of any sort, and that they never buy a service of any kind. Just like you'd have to believe that the road built never ever, ever facilitaties commerce of any kind.
The problem here is not looking at the complete picture.
CBO: Obama stimulus may have cost as much as $4.1 million a job
So someone has a little more money to spend but someone else has $4 million they must pay back and not put into the economy.
Quote:
In short, there is a reason why every economist which actually works as an economist (instead of a paid liar for some spurious political hack group) confirms that there is indeed a multiplier effect. People who gain jobs do indeed spend the money they earn thus increasing economic activity. It's just a fact even if some dullard starts a thread attempting to deny established economic facts.
Unless of course you're willing to suggest that Social Security has no obligation to repay individuals, (which it legally doesnt), but you tell that to the voters..
It's easy, you just write a check. Problem solved.
Throughout history this has been tried over and over. Printing money never "works". True output of goods and services FALLS when adjusted for inflation.
The hilarious part, is that these people think it will "work" because it's electronic money, not even printed money.
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