Topic: Stimulus
Did you know that Ronald Reagan did a 'stimulus' that resulted in 24 MILLION jobs being created? Well of course you did not if your not a Conservative. To the leftist media this little fact is hidden as quickly as possible.
So how did he do it? What was his miracle move? How could anyone create that many jobs?
He cut taxes to the rich.
Oh now I did it... look at the liberal foaming at the mouth!!!!
You see there is a reason they are rich, and the ONLY way they stay rich is by providing... *GASP* ... Jobs...
Name a black hole these rich throw money into where it is never used...
If they have needs, they spend money. So this means food, gas, power, and such.
If they have desires they spend money... So this means art, travel, and the likes.
If they have extra money sitting around, it is placed somewhere... like a bank account, a stock, a bit of property, or otherwise.
Every last penny they have is involved in our economy. The artist gets money for art. This is how art is supposed to live, by the rich investing more here than anyone else. The banks get to use the savings for investing elsewhere, earning the bank money and the rich a little bit more money. The staff of the rich get jobs. The properties they own pay taxes, and most often are maintained by staffers who purchase local goods to help keep up the property.
The rich provide in all aspects a great deal more than anyone else to the economy. THEY ARE THE ENGINE. If I had to put a percentage of their 'total worth' that is not working for the economy or for the Government (taxes wise) I would say it is .001%
The cash I keep in my truck represents 1% of my income. Therefore I actually waste more of my income, as far as taxes and the economy are concerned, than the rich. Their money is ALWAYS in use.
It is so sad that many Liberals will not cry foul when Steve Jobs earns 50% of the selling price of his products as profit, but scream bloody murder at Insurance companies earning 4%. The entirety of the double standards is that one is percieved as helping, at this time, and the other is not seen as helping. I assure you if the Insurance companies had Union Members then there would be no outcry against them, even if the prices increased 10% a year due to Union Salaries increasing 10% a year...
Companies need profit to be able to expand, to be able to make investments in themselves, to be able to improve their products, to make investors happy, and so forth. Profits are natural.
If companies stopped making profit, then why would a 401k invest in them? No profit means no dividends, means no 401k in the company. Then a Katrina comes along and the company is just gone... no savings because of no profits, so no way to rebuild.
For instance my company self insures up to 5 million dollars in loss. This means it needs profits to cover a real bad year.
A special note. If we told all companies to give up all their savings, we could get a LOT of money in theory... but then the stock market would collapse like no tomorrow. You see much of their profits, indeed much of the insurance monies we keep in insurance companies.. is tied into the stock market. This would mean everyone is trying to get their 'money' at once. Since this would drop so fast, the typical company would see at best 1% of their investment returned to them. Profit runs EVERYTHING.
So if you want to create a Stimulus, you do not give money to your friends (like Obama did), you do not give it to companies the public prefers (Like Spain did), you do not give endless unemployment benefits (Socialistic Europe) but instead you cut the taxes on companies and the rich.
Kemp currently not being responded to until he makes CONCISE posts.
Avogardo and Noir ignored by me for life so people know why I do not respond to them. (Informational)