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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (32778)	5/1/2003 3:15:07 PM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 74559

Hi DJ, I may be already beyond repair, but what's wrong with less consumption? There's nothing wrong with less consumption (IMO), but less consumption is exactly what the current monetary policy is desperately trying to avoid. Theoretically anyway, less consumption might lead to either stagflation or deflation. And less consumption will do nothing to revive the world's stalled economic engines. Less consumption does nothing to generate (higher) tax revenues for governments, and less consumption runs contrary to the interests of the masses of humanity that find themselves in the lower economic strata (sort of pursuant to the trickle down theory). The economies of the entire world are pretty much based upon growth of consumption. What's wrong with paying off your debts vs just servicing them (or swapping them for blah blah blah) etc. Again, paying off debts is really paying off prior consumption. The tax cuts are being offered as a stimulus package for the economy. If folks use the reduced tax dollars to pay down debt rather than spend, then the stimulus part of the reduced taxes becomes a fairly moot point. What's wrong with "less poor" vs "more rich"? Class divisions based upon economics, underpinned by education (or lack thereof) and other factors, are an unavoidable result of capitalism. As long as one individual can benefit greater than another because of his/her abilities, ideas, talents, work ethic, etcetera, then there will likely always be the poor versus the rich, the bell-curve of individual achievement. KJC