Andrew Yang's Presidential Bid Is So 21st Century

Re:Andrew Yang's Presidential Bid Is So 21st Century by rosser on Monday April 01, 2019 @02:55PM (#19546802)

I think the position is that whatever fraction of that $3T that gets spent at the bottom of the economy will contribute more to the economy overall than it would have sitting in the bank accounts of whoever "paid" the tax, simply on the basis that so much more of it will be spent that way. Yes, it's less than $3T. It's still circulating. A moving dollar is more economically useful than one at rest, isn't it?

If we're going to premise the "health" of our economy in no small part on the movement of monkey status points, then move the things.

It's "trickle-up", not "trickle-down"...

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Re:Andrew Yang's Presidential Bid Is So 21st Century by manfredo on Monday April 01, 2019 @03:06PM (#19546936)

> I think the position is that whatever fraction of that $3T that gets spent at the bottom of the economy will contribute more to the economy overall than it would have sitting in the bank accounts of whoever "paid" the tax

Which is fantasy. It's not people paying the taxes it's a VAT that Yang's advocating for. This is money directly coming out of economic activity.

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Re:Andrew Yang's Presidential Bid Is So 21st Century by rosser on Monday April 01, 2019 @03:38PM (#19547303)

I wish I had the time to chase down the ways our axioms and premises are preventing us from doing more than talking past one another here, but I don't, and I don't feel like fighting uphill against a "which is fantasy" kind of tone, just to have the attempt.

Have a nice day.

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