Message from @wuzamarine

Discord ID: 677221762705915911


2020-02-12 18:32:53 UTC  

Looks like you are

2020-02-12 18:33:09 UTC  

@Bleach Clinton imposed a luxury tax and the economy did just fine.
Rich people save their money, romoving it from circulation. A bad thing.
Poor people spend 100%. The ideal.

2020-02-12 18:33:25 UTC  

u said rich people remove their money from circulation...

2020-02-12 18:33:29 UTC  

explain how

2020-02-12 18:33:55 UTC  

A luxury tax != capital gains tax.

2020-02-12 18:34:13 UTC  

how do rich people remove their money from circulation

2020-02-12 18:34:28 UTC  

by investing instead of speading it

2020-02-12 18:34:50 UTC  

investing isnt removing it from circulation. that's the epitome of circulating money

2020-02-12 18:34:58 UTC  

Bullshit

2020-02-12 18:35:10 UTC  

how do businesses get capital to start up?

2020-02-12 18:35:18 UTC  

how do people get loans to buy a house?

2020-02-12 18:35:35 UTC  

banks need to have a reserve of cash

2020-02-12 18:35:45 UTC  

even in a bank ur money is being recirculated

2020-02-12 18:36:03 UTC  

A loan.
But a business loan is not stock or a commodities investment

2020-02-12 18:36:24 UTC  

all investments are used to further grow business

2020-02-12 18:36:53 UTC  

Corporate taxes suck

2020-02-12 18:36:56 UTC  

if they were putting to money into a functioning business, that would be fine.
Most store in tax havens or put their money in a commodity.

2020-02-12 18:37:11 UTC  

or a fund

2020-02-12 18:37:16 UTC  

Putting your money in a commodity or fund is investment lol

2020-02-12 18:37:24 UTC  

There’s nothing wrong with that

2020-02-12 18:37:30 UTC  

it is the Trust system in USA that is the real poison.

2020-02-12 18:37:32 UTC  

For example buying houses to rent

2020-02-12 18:38:11 UTC  

@sɪᴅɪsɴᴏᴛʜᴇʀᴇ You are removing the money from circulation when you invest in a fund or a trust.

2020-02-12 18:38:30 UTC  

Incorrect

2020-02-12 18:38:36 UTC  

It’s still in the money supply

2020-02-12 18:38:48 UTC  

Bullshit.
How does it make it back to the consumers hands?

2020-02-12 18:38:59 UTC  

It is removed from circulation.

2020-02-12 18:39:05 UTC  

It is locked up tight.

2020-02-12 18:39:43 UTC  

circulation != supply
circulation is the problem.

2020-02-12 18:39:46 UTC  

This is the equivalent of saying saving removes money from circulation

2020-02-12 18:40:06 UTC  

it does. You're supposed to spend it.

2020-02-12 18:40:14 UTC  

so I guess @wuzamarine you dont think a mortgage is money supply?

2020-02-12 18:40:19 UTC  

No, it’s in the money supply

2020-02-12 18:40:26 UTC  

The point is saving boosts growth

2020-02-12 18:40:31 UTC  

You have a simplistic view of the economy

2020-02-12 18:40:35 UTC  

savings boost growth the most

2020-02-12 18:40:35 UTC  

It's locked up in your pocket and removed from circulation.

2020-02-12 18:40:43 UTC  

it is the hording that is the problem.

2020-02-12 18:40:44 UTC  

its not in ur pocket dummy

2020-02-12 18:40:53 UTC  

it's in circulation. even if it's just in the bank

2020-02-12 18:40:56 UTC  

I’m confused to what you’re saying at.