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If we gave everyone in the country the exact same amount of money in a short time you would have those who increased their wealth, maintained their wealth and those who lost it. We would not have the huge discrepancy caused by QE though.
True, true and the people who lost it would fail to realize what they did wrong and blame everyone else.
Yes the middle class are angry and they seek out people, Obama, Reid, Pelosi who agree with their anger, who cheers them on and holds their hands straight off the cliff into poverty. A dog and pony show.
You can't help people that refuse to open their eyes and see what is really going on, versus what the politicians say.
How do you tell if a politician is lying?
Are his lips moving?
You can't help people that refuse to open their eyes and see what is really going on, versus what the politicians say.
How do you tell if a politician is lying?
Are his lips moving?
Obama is a politician. To bring it closer to home everyone has heard of workplace politics.
Workplace politics, is the use of power within an organization for the pursuit of agendas and self-interest without regard to their effect on the organization's efforts to achieve its goals.
Why do people call them politicians? Common sense people? People should ask, do these politicians really care about me and my family and if they have an ounce of common sense they would answer no.
If we gave everyone in the country the exact same amount of money in a short time you would have those who increased their wealth, maintained their wealth and those who lost it. We would not have the huge discrepancy caused by QE though.
Are you saying that everyone STARTS with the same amount? If that is what you are saying, then you are correct, and you would not see any inflation as it would be a zero sum game. But if you were saying that everyone is given the same amount of money ON TOP of what they already own, then you will most definitely see inflation. In other words, the money you just gave them is worth less than before you gave it to them. I'm no economist, but this is econ 101.
Are you saying that everyone STARTS with the same amount? If that is what you are saying, then you are correct, and you would not see any inflation as it would be a zero sum game. But if you were saying that everyone is given the same amount of money ON TOP of what they already own, then you will most definitely see inflation. In other words, the money you just gave them is worth less than before you gave it to them. I'm no economist, but this is econ 101.
I think what pknopp is saying is if everyone was given the same amount, (no previous money) then the people who were previously poor would end up poor again because they will spend it like water. The middle class will do the same, some will even borrow money on top of it to buy liabilities but the previously rich would buy assets invest building a foundation. Those assets would make more money.
Are you saying that everyone STARTS with the same amount?
No, it was just a hypothetical.
Quote:
If that is what you are saying, then you are correct, and you would not see any inflation as it would be a zero sum game. But if you were saying that everyone is given the same amount of money ON TOP of what they already own, then you will most definitely see inflation. In other words, the money you just gave them is worth less than before you gave it to them. I'm no economist, but this is econ 101.
Yeah, I wasn't really discussing inflation and the effects of things like QE.
I think what pknopp is saying is if everyone was given the same amount, (no previous money) then the people who were previously poor would end up poor again because they will spend it like water. The middle class will do the same, some will even borrow money on top of it to buy liabilities but the previously rich would buy assets invest building a foundation. Those assets would make more money.
That was my take on what pknopp posted.
No, the poor would spend it on useless stuff. The middle class would spend it on education and something with a slow, but stable return. And the rich would spend it building the useless stuff that they could sell to the poor for a profit.
Thats should tell you something. So keep doing the same thing and expect different results. Oh and you are just one of millions, government can't really help you much. If anything they'll just subsidize you but that won't help you unless you do something to improve your situation yourself.
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