Economic Stimulus Package
Uploader Comments (Vidofile)
All Comments (7)
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So basically, you cut taxes. Why all these fancy ways to do it?
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bull crap.
this jew knows jack.
intrest equals dept and making money based on dept is a failed adventure. it lasts then it falls. get real. rid ur self of intrest, gold as real money, and leave the people fu cken alone. also end taxes and who ever reads this message don't replay me back with a fu cken answer like "how we gona have roads and bridges if we have no taxes". f uck u .
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The international bankers will never go for that.....
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Why is it a good thing for the government to make more money?
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The main reason we're in this mess is that the government has forced banks to loan money to people who couldn't really afford to pay them back. A small business owner with good credit was certainly able to get a loan up until this crisis hit, and in many cases, still can. Nationollaise the banks? That's your solution? That would be the end of the free enterprise system that made gave us the world's most powerful economy for so long. Government intervention has a notorious habit of failure.
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Problem. The banks are withholding the money, waiting to buy up small businesses that are in debt or fail. Govt has to order Banks to free up money and to prioritise small and medium business owners. Failing that then the Banks have to be nationalised so that money flows into small and medium businesses.
Tax cuts, like spending, can be used to achieve certain outcomes. If you can cut taxes in a way that is revenue neutral (ignoring the Laffer curve for a moment) and that stimulates jobs, that's a good thing. Payroll tax holidays are a way to stimulate jobs, which in turn generate taxable income, both of which are good things.
Vidofile 1 year ago
The government doesn't "make money", unless you consider printing it being equivalent to making it. Printing more money results in inflation, as more money comes into the system reduces the value of the existing money.
But generally speaking, the government "collects" money from individuals and companies, and then spends it (usually more than they collect resulting in a deficit). They don't make money like a for profit enterprise.
Vidofile 3 years ago
Do NOT nationalize banks. Just eliminate cap gains for investments in small businesses, then the money will flow, and the people (not government) will choose where it should go to maximize their return.
Vidofile 3 years ago