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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Economies only work if money is *moving*. You can have the most money of any country in the world, but if it's not moving, economy dies. 3/
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And rich people/corporations don't hire people just because they have money. Jobs aren't charity. They hire people only if there's need. 4/
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If they don't NEED to hire someone, they don't hire anyone, regardless of their tax rate. Hiring is based on need. Need comes from sales. 5/
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Exactly, and right now, corporations don’t need people.
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They will once they have no customers.
Wydaje się, że ładowanie zajmuje dużo czasu.
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