Thursday, December 2, 2010

An extra, has to do with human nature

What a battle right now in the USA! I am not a politician, neither tied up to any party, but used to have my own thoughts.
This hick-hack there has to do with nature too: with human nature, especially with greed. You know Dagobert Duck, that guy sitting on a pile of gold and panicked by the idea one piece got lost.
Let's do the math. Assume the upper 2% get there tax cut. What will they do? Buy some (more) diamonds, another property, may be an island in the Caribbean or a suite in Dubai. Probably they will buy some more stocks to make more money. Or they keep it like Dagobert Duck.
On the other hand, let's give hundred dollar every month to let's say to ten million of now unemployed workers, to those who lost their job because of the Wall Street scandal. That makes one billion a month, twelve billion a year, less then the tax cut for the upper two percent. Important is, what these people will do with that extra money. They will spend it, right there, where it came from: in the US. They pay their bills, their mortgage or even the things they have already charged their cards with.
That makes twelve billion pumped in to the economy every year. Business can recover, hire some people, companies will grow. And who makes the money out of it? Of course the upper two percent with their stocks and investments.
You think I am a communist? Oh no, there will always be some rich and some poor people. That's human nature.
But right now the only thing is to get the economy going again. Both sides are important. There must be some one who can invest, but there must be some one who does the work, the real work that makes the money. No one can eat gold or paper (stocks). If there are fewer and fewer people that do the basic work the 'uppers' have to come down and have to plant there own potatoes. Do they know, where potatoes come from?

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