THIS VERY WEALTHY MAN HAS IT RIGHT!
I had really intended to let this article stand by itself, without any comment from me........ But I just can't.
For years I've been saying - and enduring the chuckles of those who think me naive about economics - that if all adult Americans had been given the modest sum of only $5,000 each, the economy would have revived in jig time. It is my contention that the huge quantities of sales such an investment in the American People would have led to, would have in turn created a heavy demand for manufactured goods and the services of service providers.
That demand would have put Americans back to work by the millions. Their employment and the earnings from that employment would have kept up the demand and led to even more jobs being created. The clasic "upward spiral" of a booming capitalist economy. Putting trillions of taxpayer money into big money bankers didn't create one damn job! NOT ONE!
Not only that but the taxes paid by all those working workers and thriving businesses would have returned that $5000 per adult investment to the government in only one or two years!
When you read this article you'll see that the importance of BUYERS to an economy is paramount. Investors won't invest where there are no willing and able buyers. Heck, you wouldn't invest in somehting that you know people wouldn't/couldn't buy, would you? Neither will rich investors, or banks, or corporations. They may be greedy bastards but they ain't stupid bastards.
So those with the money to invest and companies wanting the rich to invest in them, have gone elewhere; and off-shored millions of American jobs in the process.
Contrary to the BS we were handed about those $Trillions$ getting back to the public who is on the hook for it, the "Trickle Down" hasn't happened. In fact, "trickle down" NEVER happens. Wealth attracts wealth; money doesn't go anywhere but up. ALWAYS. And it would this time too. But in the meantime America would see an economic revival that would be amazing!
Remember this: No matter how efficiently you produce goods; no matter how cheap your services are; without BUYERS yer goose is cooked. THE ONE BASIC ABSOLUTELY NECESSARY ELEMENT IN AN ECONOMY IS BUYERS!!
Everything starts with buyers. Investment, banking, advertising, manufacturing, playing the stock-market, EVERYTHING in a capitalist economic system starts with BUYERS!! All the rest is worthless without the buyers.
And the buyers, who are also the workers, ought to be king. NOT some bloody minded greedy investor, or banker, or manufacturer, or retailer, or what-have-you.
And it's time - past time - for people to grab their government representatives by the ears and shake a little common sense into their thick heads. Maybe it's time for millions of Americans to vote N.O.T.A. (None Of The Above) in the coming election.
The politicians know very well that the only way (they think) to vote someone "out" of office, is to vote one of their fellow politicians "in" to office to take his place.
Maybe it's time to show them that you're so fed up with all of them and their assinine posturing and preening and taxing you - the regular folks -while making their wealthy friends even wealthier, that you can indeed vote them "out" - ALL OF THEM!!
IF YOU REALLY CARE WHO YOU VOTE FOR, VOTE N.O.T.A. !!