Paul Krugman, economist, thinks economies are static. Wealth creation is spurred by investments and savings. Not by govt's wasteful spending
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W odpowiedzi do @WillRicci @paulkrugman
Wealth creation is spurred by both. And if we "make the pie bigger" but all of the pie growth goes to 1% of the people, what's the point?
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W odpowiedzi do @RealSteveCox @paulkrugman
Wealth creation is not spurred by government spending. The money must be taken from elsewhere. Wealth creation in the economy.
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W odpowiedzi do @WillRicci @paulkrugman
That's simply not true. When properly managed, every dollar of tax money put into an economy results in anywhere from $1.50-2.50 in growth.
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Look at it like this, Will: Imagine a person who takes home $10 million in a year, after taxes. Milk still costs $5. Gas is still $3/gal. 1/
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So they end up putting 90% of that money in savings. They sock it away. That removes that money from circulation in the economy. 2/
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W odpowiedzi do @RealSteveCox @paulkrugman
What happens to money "in savings?" Where does it go
@realstevecox?3 odpowiedzi 0 podanych dalej 0 polubionych -
It's not "removed" at all. Sir, the money goes into a bank where it can be loaned out at interest. This is basic stuff, my friend
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W odpowiedzi do @WillRicci @paulkrugman
Loaned out? How's that working? Good?
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Ten tweet jest niedostępny.
Not consistently. But those loans crashed the economy 10 years ago. Since then, *over* 100% of the recovery has gone to the top 10%.
Wydaje się, że ładowanie zajmuje dużo czasu.
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