Ray From Cleveland
Diamond Member
- Aug 16, 2015
- 97,215
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tax cut economics are simple wealth redistribution on a national basis.Yet they're not the ones demanding free shit, go figure...dumbass.
U.S. National Debt Clock : Real Time
So you're saying now you're against wealth redistribution?
Trump demanding lower interest rates is wealth redistribution.
Trump demanding lower interest rates is a President trying to keep these good times going. Interest rates increase to slow down the economy when it seems to be going out of control. Growth is good provided it has some limitations to keep inflation down.
Lower rates takes from those who have their money in savings. It's taking from one to give to another. What do you call this in other settings?
So what's wrong with that? People save money they are not going to need, so it sits there protected and gains a small amount of interest. They lend that money to people to purchase homes, automobiles, start a business.
My money is in the bank too, and it's serving a purpose for society when the bank lends it out to other people. Again, it's there anytime I want it, but I'm keeping it there right now for my benefit as well as others.