Message from @wuzamarine
Discord ID: 677221762705915911
Looks like you are
@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.
u said rich people remove their money from circulation...
explain how
A luxury tax != capital gains tax.
how do rich people remove their money from circulation
by investing instead of speading it
investing isnt removing it from circulation. that's the epitome of circulating money
Bullshit
how do businesses get capital to start up?
how do people get loans to buy a house?
banks need to have a reserve of cash
even in a bank ur money is being recirculated
A loan.
But a business loan is not stock or a commodities investment
all investments are used to further grow business
Corporate taxes suck
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.
or a fund
Putting your money in a commodity or fund is investment lol
There’s nothing wrong with that
For example buying houses to rent
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ You are removing the money from circulation when you invest in a fund or a trust.
Incorrect
It’s still in the money supply
Bullshit.
How does it make it back to the consumers hands?
It is removed from circulation.
It is locked up tight.
circulation != supply
circulation is the problem.
This is the equivalent of saying saving removes money from circulation
it does. You're supposed to spend it.
so I guess @wuzamarine you dont think a mortgage is money supply?
No, it’s in the money supply
The point is saving boosts growth
You have a simplistic view of the economy
savings boost growth the most
It's locked up in your pocket and removed from circulation.
it is the hording that is the problem.
its not in ur pocket dummy
it's in circulation. even if it's just in the bank
I’m confused to what you’re saying at.