helping poor people better for the economy

Discussion in 'Economy' started by starcraftzzz, Jun 7, 2012.

  1. starcraftzzz
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    starcraftzzz Senior Member

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    Study: Providing Housing For The Homeless Saves Government Money | ThinkProgress
    ^a $3.6 million initiative to get the worst off homeless people into homes yielded a net savings of $238,700 over a 2 year period or a 7% return rate (3.5% a year). This is due primarily to decreases in health costs/er visits, and police/court/jail costs. This does not include increases in tax payments from the participants working more

    Who Creates Jobs? Taxes, Spending, and Class War | Working-Class Perspectives
    ^Providing poor people (unemployed) with more money creates around 7 times more jobs than providing the rich with more money. So this means that poor/middle class peoples spending creates the vast majority of all jobs while rich peoples spending creates the least amount of jobs per dollar spent.
     
  2. percysunshine
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    percysunshine Gold Member

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    So when private charities provide housing for the poor, it is like the government is collecting taxes. Good point.
     
  3. Mr. Jones
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    Mr. Jones Senior Member

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    Rich people create jobs by investing in companies (little ones they own themselves or big ones they own stock in), and it’s these companies who actually hire workers and pay them a wage. This is true. But it’s like saying that the light coming from the ceiling of my office is caused by the light switch on the wall. Without turning the switch on, there will be no light, but the ultimate creator of that light tracks back to a power station and a national electric grid that hooks into the wiring behind the walls of my building. In an economy, consumer demand is the power station, the grid, and most of the wiring. If there is not enough consumer demand, businesses have no reason to hire new workers—just as there is no reason to switch the light on if nobody is using the room.

    The reason companies aren’t hiring more now isn’t that they don’t have the money. It’s the lack of consumer demand. Businesses are currently sitting on huge piles of cash. According to Bloomberg Businessweek, the 3,000 largest publicly traded U.S. companies “have $2.9 trillion in cash and short-term investments” they don’t know what to do with. Workers and consumers (and most state governments), on the other hand, are struggling to pay last month’s bills and to provide for basic necessities. The latter is the primary cause of the former. That is, not enough money in the hands of workers and consumers means a lack of profitable investment opportunities for business and rich folk.

    That’s why extending unemployment compensation, among many other things, will create more jobs than any tax cut.


    Good points in the article linked. Giving to the top in hopes of a trickle down haven't worked, perhaps trying to stimulate the middle and lower class will increase demand and thus productivity, especially if
    " According to Bloomberg Businessweek, the 3,000 largest publicly traded U.S. companies “have $2.9 trillion in cash and short-term investments” :eusa_shhh:

    here’s the proposed cost and predicted job growth for the three policies currently in dispute:

    Increased aid to the unemployed:
    Amount passed or proposed-$34 billion
    Number of jobs likely created in 2010-2011-300,000 to 600,000

    Increased aid to states:
    Amount passed or proposed-$26 billion
    Number of jobs likely created in 2010-2011-80,000 to 180,000

    Tax cuts for top 2%:
    Amount passed or proposed-$70 billion
    Number of jobs likely created in 2010-2011-70,000 to 210,000

    extending unemployment compensation creates from 6 to 8 times the number of jobs as the tax cut would. Aid to states creates about 3 times as many jobs.

    You can turn this around and say that a $70 billion tax increase on the top 2% could lead to the loss of as many as 210,000 jobs, and that would be true (given the CBO estimates). But if the government used that $70 billion in new revenues for increased aid to the unemployed, it would create more than 1.2 million jobs–or a net gain of about a million. Why wouldn’t we as a nation want to do that?

    So the theory seems to be that
    taxing the rich kills some jobs, but not nearly as many jobs as are created by bailing out the unemployed, state governments, construction workers, autoworkers, transit workers, homeowners, and many others. With that kind of increase in consumer demand, the businesses currently sitting on trillions of dollars would start hiring to produce all the things they could profitably sell.
    :dunno:

    Who Creates Jobs? Taxes, Spending, and Class War | Working-Class Perspectives
     
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  4. Nova78
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    Nova78 Silver Member

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    90% of them are worthless Illegal mexicans ,get rid of them and problem solved, all they they do is take and take and shit on everything they come in contact with....:eusa_whistle:
     
  5. Mr. Jones
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    Mr. Jones Senior Member

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    Is it not true that the immigration laws are lax because they work for half of what a US worker does? The problem is with enforcement IMO, but that's a different thread subject. Besides the same was said of the Irish, Poles, Germans, Jews Italians, etc etc...
    The problems in this nation run much deeper and affect all of us.Turning on each other based on race, distracts from the real issues. I also heard some illegals are going back home because of the bad US economy.
     
  6. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    So go help them. Why are you sitting on your ass in front of your computer for?
     
  7. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    of course thats idiotic and so perfectly liberal.

    Demand for food and air, for example, comes with birth and is constant for life. Mankind made progress after centuries and centuries of stagnation only when rich Republican supply side capitlalists began to supply the goods and services that got us from the stone age to here. Therefore, they are the folks that need to be encouraged at all times and in all ways.

    We really don't have to worry about whether the folks will demand food and air.... unless of course if you are a brainwashed Marxist class warfare liberal.
     
    Last edited: Jun 8, 2012
  8. Trajan
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    Trajan conscientia mille testes

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    how much did the homes cost they moved into?

    when these 'homes' need repairs and the bills have to be paid, how pays for that?



    :lol:
     
  9. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    actually the rich provide themselves with money. Thats what being rich means.

    The idea the a poor guy would create more jobs than a rich guy like Steve Jobs is liberal and 100% idiotic.
     
  10. starcraftzzz
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    starcraftzzz Senior Member

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    steve jobs didn't start out rich retard
     

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