Low informed one, NOT Pelosi
SNAP Stimulates Economic Activity During an Economic Downturn
The Food Assistance National Input-Output Multiplier (FANIOM) Model and Stimulus Effects of SNAP
The report found that:
- An increase of $1 billion in SNAP expenditures is estimated to increase economic activity (GDP) by $1.79 billion. In other words, every $5 in new SNAP benefits generates as much as $9 of economic activity.
USDA ERS - Economic Linkages
Interesting. So what if the government buys us all new houses? How about a new car every four years? What about new boats? How about new swimming pools? Imagine the economic activity if nobody worked and government gave us all kinds of free stuff and we just stayed home. Our country would be filthy rich with all that economic activity.
What makes you leftists think that if people didn't have food stamps, they would quit eating? If people didn't have food stamps, they would still buy food and create this so-called economic activity anyway.
Yep, in your scenario you are absolutely right. The economic activity would be huge. Let's put it in action. Only one person works in the entire nation. He makes billions and billions of dollars. He can't possibly spend it all, so he loans it out, at INTEREST. How is that economy going? The rest of the nation has no money, has no income, can't possibly even think about buying anything. The poor working dude gets nothing in interest, nobody can afford to pay it and nobody is generating any demand.
The government jumps in. Taxes the hell out of the rich dude. Redistributes, and yes, I used the word, that income to those not working. Now they are buying houses, buying furniture, buying cars. Suddenly, some of them, seeing the growing demand, start borrowing what is left of the rich dudes SAVINGS. Now, why they can actually afford to pay interest. Now, the rich dude is actually getting a return on his SAVINGS. Holy shit, now the interest the rich dude is making MORE THAN COMPENSATES for the taxes he is paying. Why, because of the multiplier effect, because of the higher velocity.
Dude, I like you. Of the few righties on this board you seem to have a little bit of a brain. Thing about it, this makes sense. It really is basic economics.
If that were basic economics, Detroit would be our largest economic engine today. My city of Cleveland would not be far behind.
Taxpayer handouts do not stimulate anything. It's a pretence to justify working people supporting the non-working.
Let's say that you and I were governors of our states. In my state, everybody physically and mentally capable had to work for their money. In your state, anybody that doesn't want to work doesn't have to because you will give them money not to work. Which of our states do you think would be more economically successful?
Oh well, guess I was wrong. Now, to your two states, I got news for you, rather everyone works or not does not make a happy damn. It really doesn't. Your position, and your viewpoint, has no basis in economics whatsoever. It has no basis in anthropology or sociology. It is completely based on your obsession with what OTHER PEOPLE ARE DOING. Here is a thought, focus on yourself.
To keep it simple, well five people live in your state and five people live in mine. In your state one dude earns $900,000, the other four earn $25,000 each. The one dude can't spend all his money and he is too chicken shit to invest any. He RENTS $300,000 a year to the other four, collects interest, and saves that as well.
In my state one dude works and the other four all sit on their ass. The one dude makes a million a year, but we tax him $400,000 that we re-distribute, yeah, that dirty word, to the other four. Which economy will have more spending and more demand? Before you answer, do you know anything about the United Arab Emirates? You ever hear of this city call Dubai? I mean if the key to success is everyone working and nobody getting free shit, well the UAE would be crumbling to the ground. Instead, the exact opposite happened.