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Originally Posted by TheMercenary
Yea, that is how they make money. But the fact is that many would hire back people they let go if they had the capitol to do so.
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They have the capitol. US corporations are sitting on record amounts of capitol right now.
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Incresing money strickly on that basis in these times will not get people to spend more, they will save it or pay off bills, but I doubt they will spend it. Look at the boondogle infusions of cash in the last 12 years. There was no sudden splurge of economic activity.
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If you think the lack of activity resulting from those was impressive , it's nothing compared to the lack of activity from the Bush tax cuts. And even if people pay bills instead of spend, allowing people to pay off their bills reduces drag on the economy much better than letting corporations sit on even more capitol.
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Wait... I thought you said you don't think "rich" people should have more money, and Ford was certainly among the rich of the time.
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And giving money to Henry Ford would have been silly. But he understood that in his own mini-economy, the best way to stimulate it was to give money to its poor. If he'd given himself and his executives raises with that money, it wouldn't have grown the company nearly the same amount.