Unemployed need not apply

[hadit]

1. Where do you think the dollar given in unemployment benefits comes from?
2. Yes. I don't believe in corporate welfare.

1. It's comes from taxpayers, and is spent again in the economy.
2. Good! Quit voting for those that do.

1. It is taken from those who would otherwise make use of it to expand businesses, hire more people, and buy more stuff. They can't, though, because they don't have it any more.
2. Okay, I won't vote for Hillary.

 

[hadit]

1. Where do you think the dollar given in unemployment benefits comes from?
2. Yes. I don't believe in corporate welfare.

the same place that dollar is spent at?

In order for the government to spend any money, it first has to take that money out of the economy. That represents lost opportunity. Individuals and companies have to pay that money in taxes instead of expanding, hiring more workers, purchasing more goods, and in general adding to economic activity. That's not even controversial.

so does any investment capital, accumulated in the capital, private sector. is capitalism really that useless to the Right.

Not so. Investment capital is put to use immediately, expanding business and hiring workers, just for one example. It represents opportunity taken, not lost.

Wouldn't that be the same as a dollar spent at 7-11?

No, because it comes from the Mom and Pop grocery store that serves a poor neighborhood, the contractor that builds and maintains low-income apartments, and from the 7-11 owner who could have used it to provide better security, more inventory on hand, etc. Now he gets back his dollar AFTER it's been reduced by going through the federal government money grabbers.

 

[hadit]

In order for the government to spend any money, it first has to take that money out of the economy. That represents lost opportunity. Individuals and companies have to pay that money in taxes instead of expanding, hiring more workers, purchasing more goods, and in general adding to economic activity. That's not even controversial.

If money is taken out of the economy and not spent again it's taken out of the economy. Welfare for people is spent again.

Business doesn't sit on money. It's used to expand, hire more people, and move more inventory.

 

[danielpalos]

dear, socialism already gave us Hoover Dam and a voyage of Eureka to the moon.

and?????

See why we say stupid???

dear, capitalism has yet to discover a profit motive to even go now, where socialism has already gone before, last millennium.

 

[danielpalos]

People spending unemployment compensation money "pump" that money back into the economy.

 

[OnePercenter]

That's because you have no subcontractors.

Bloviating?

 

[OnePercenter]

1. It is taken from those who would otherwise make use of it to expand businesses, hire more people, and buy more stuff. They can't, though, because they don't have it any more.
2. Okay, I won't vote for Hillary.

Unemployment benefits aren't spent in the economy?

 

[OnePercenter]

No, because it comes from the Mom and Pop grocery store that serves a poor neighborhood, the contractor that builds and maintains low-income apartments, and from the 7-11 owner who could have used it to provide better security, more inventory on hand, etc. Now he gets back his dollar AFTER it's been reduced by going through the federal government money grabbers.

So the dollar isn't worth a dollar?

 

[OnePercenter]

Business doesn't sit on money. It's used to expand, hire more people, and move more inventory.

US companies hoarding $1 trillion in cash

 

[danielpalos]

I guess the capital gains tax isn't working and all that money should be taxed as ordinary income.

 

[Papageorgio]

Business doesn't sit on money. It's used to expand, hire more people, and move more inventory.

US companies hoarding $1 trillion in cash

Yeah and in 2008 people got pissed because businesses spent all their cash reserves and contributed to the recession. Government ripped businesses for not having reserves of cash.

Of course you and your company have no cash reserves, you take no tax write offs, you pay people double what they are worth, you charge less for your products than anyone else and yet your profit margins are the highest in your industry. You have quadrupled your wealth in two years. Telecom is your industry but you don't know what a LEC or CLEC and you think a NY fireman's test is a way to vet your subcontractors for illegal aliens.

Is that still your stance?

 

[Papageorgio]

That's because you have no subcontractors.

Bloviating?

No telling the truth, something you can't do.

 

[hadit]

1. It is taken from those who would otherwise make use of it to expand businesses, hire more people, and buy more stuff. They can't, though, because they don't have it any more.
2. Okay, I won't vote for Hillary.

Unemployment benefits aren't spent in the economy?

Of course they are, but first they have to be taken from those who would use it to expand the economy, thus making unemployment benefits less necessary. Essentially, you have a vicious cycle going. Some people are out of a job, we take money away from those who create jobs, more people are out of a job, we take more money away from job creators, and the cycle continues.

 

[danielpalos]

1. It is taken from those who would otherwise make use of it to expand businesses, hire more people, and buy more stuff. They can't, though, because they don't have it any more.
2. Okay, I won't vote for Hillary.

Unemployment benefits aren't spent in the economy?

Of course they are, but first they have to be taken from those who would use it to expand the economy, thus making unemployment benefits less necessary. Essentially, you have a vicious cycle going. Some people are out of a job, we take money away from those who create jobs, more people are out of a job, we take more money away from job creators, and the cycle continues.

that is like saying that "accumulating capital" for a proverbial rainy day, is not Capitalist.

 

[hadit]

1. It is taken from those who would otherwise make use of it to expand businesses, hire more people, and buy more stuff. They can't, though, because they don't have it any more.
2. Okay, I won't vote for Hillary.

Unemployment benefits aren't spent in the economy?

Of course they are, but first they have to be taken from those who would use it to expand the economy, thus making unemployment benefits less necessary. Essentially, you have a vicious cycle going. Some people are out of a job, we take money away from those who create jobs, more people are out of a job, we take more money away from job creators, and the cycle continues.

that is like saying that "accumulating capital" for a proverbial rainy day, is not Capitalist.

How does that relate to the reality that any money the government wants to spend must first be taken from productive people and businesses?

 

[danielpalos]

1. It is taken from those who would otherwise make use of it to expand businesses, hire more people, and buy more stuff. They can't, though, because they don't have it any more.
2. Okay, I won't vote for Hillary.

Unemployment benefits aren't spent in the economy?

Of course they are, but first they have to be taken from those who would use it to expand the economy, thus making unemployment benefits less necessary. Essentially, you have a vicious cycle going. Some people are out of a job, we take money away from those who create jobs, more people are out of a job, we take more money away from job creators, and the cycle continues.

that is like saying that "accumulating capital" for a proverbial rainy day, is not Capitalist.

How does that relate to the reality that any money the government wants to spend must first be taken from productive people and businesses?

It may be a fallacy of composition.

The general government of the Union has recourse to a Commerce Clause and an official Mint that can almost as if by magic, create (fiat) money out of "thin air".

 

[hadit]

1. It is taken from those who would otherwise make use of it to expand businesses, hire more people, and buy more stuff. They can't, though, because they don't have it any more.
2. Okay, I won't vote for Hillary.

Unemployment benefits aren't spent in the economy?

Of course they are, but first they have to be taken from those who would use it to expand the economy, thus making unemployment benefits less necessary. Essentially, you have a vicious cycle going. Some people are out of a job, we take money away from those who create jobs, more people are out of a job, we take more money away from job creators, and the cycle continues.

that is like saying that "accumulating capital" for a proverbial rainy day, is not Capitalist.

How does that relate to the reality that any money the government wants to spend must first be taken from productive people and businesses?

It may be a fallacy of composition.

The general government of the Union has recourse to a Commerce Clause and an official Mint that can almost as if by magic, create (fiat) money out of "thin air".

Of course that results in inflation, which devalues the economy as a whole. It does not represent true wealth.

 

[EdwardBaiamonte]

If money is taken out of the economy and not spent again it's taken out of the economy. Welfare for people is spent again.

econ 101: money is not put in a mattress. govt can tax money and waste it on crippling welfare or not tax it in which case it is put n a bank and invested for economic growth.

Economic growth is how we got from the stone age to here. It is obviously the best choice.

 

[EdwardBaiamonte]

Unemployment benefits aren't spent in the economy?

Of course they are, but first they have to be taken from those who would use it to expand the economy, thus making unemployment benefits less necessary. Essentially, you have a vicious cycle going. Some people are out of a job, we take money away from those who create jobs, more people are out of a job, we take more money away from job creators, and the cycle continues.

that is like saying that "accumulating capital" for a proverbial rainy day, is not Capitalist.

How does that relate to the reality that any money the government wants to spend must first be taken from productive people and businesses?

It may be a fallacy of composition.

The general government of the Union has recourse to a Commerce Clause and an official Mint that can almost as if by magic, create (fiat) money out of "thin air".

Of course that results in inflation, which devalues the economy as a whole. It does not represent true wealth.

yes printing money beyond what is necessary to prevent deflation harms an economy by pushing prices up and down to the point where consumers cant accurately comparison shop for the best value. This they get poorer.

 

[EdwardBaiamonte]

1. It is taken from those who would otherwise make use of it to expand businesses, hire more people, and buy more stuff. They can't, though, because they don't have it any more.
2. Okay, I won't vote for Hillary.

Unemployment benefits aren't spent in the economy?

Of course they are, but first they have to be taken from those who would use it to expand the economy, thus making unemployment benefits less necessary. Essentially, you have a vicious cycle going. Some people are out of a job, we take money away from those who create jobs, more people are out of a job, we take more money away from job creators, and the cycle continues.

true!! That's how FDR kept the Depression going for 16 years!!!