The Real Mitt Romney

[Adak]

Originally Posted by BigV

So, you're saying that money that moves fast helps restore a vibrant economy. You're saying it's less about the amount of money than it is about the speed with which it's moving around, am I right?

There must be money (value), in the economy, but it can't be just sitting in a bank, or stuck in a mattress somewhere.

Yes, Money has to MOVE, or the economy will stagnant.

Then, you denigrate the poor for having no money, "THEY'RE POOR!". Classy.

No denigration on the poor. Statement of fact in looking at the economy. By definition, the poor have very little money.

Let me ask you this. How can you say it's rich people who have a lot of money in the bank and who will have more money in the bank after this massive tax cut Romney's proposing is enacted are contributing to the economy? How are these people "job creators"? Because, poor people? No one spends money faster than poor people. They get it, and boom, it's gone. Sometimes it's gone so fucking fast it leaves before it gets there. Now THAT'S some high-velocity, vibrant-economy-building patriotic American economic action, right there.

You're right that many poor people spend money quickly, but it's a matter of quantity. The rich will move thousands to hundreds of thousands of dollars in a day. The poor won't SEE ONE thousand dollars, in two months.

Those slacker bastards with their static bank balances, not moving, just sitting there getting piled higher and deeper... what are they doing for the economy? More specifically, what are their increased savings doing for the economy?

If the money was just sitting in a bank vault someplace, it would do us no good, but that's not what banks do - they invest a portion of every dollar they get:

*home loans, *commercial loans, *stocks, *commercial bonds, *municipal bonds, *real estate, *oil and gas drilling, and many more financial instruments.

So the money is moving, but as taxes increase (personal and business), that money begins to slow down, and dry up. People with money become more concerned with avoiding taxes, than with investing in the economy.

The rich aren't different from you or I in this regard.