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For the my credit card is free morons
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BAR[_2_]
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First recorded activity by BoatBanter: Jun 2008
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For the my credit card is free morons
In article , earl82985
@hotmail.com says...
wrote:
On Thu, 11 Oct 2012 19:47:22 -0400, Earl
wrote:
wrote:
On Wed, 10 Oct 2012 17:44:51 -0700, "Califbill"
wrote:
as the
government has taken all available credit money from the economy
Right idea, wrong bad guy.
Facts say that the money is held by the richest people, who are
sitting on the money and keeping it out of circulation.
The government has foolishly printed more money in an attempt to put
more money in the hands of those that will allow it to trickle up.
That won't work.
Until a sizable portion of that 85% of cash held by the richest is
returned to the middle class, the economy CAN NOT get any better.
It is just a mathematical fact.
http://wealthfacts.org/?page_id=44
WTF? Returned to the middle class = what? Monthly checks? Lump sum
(re)distribution?
It doesn't matter. If you had ever owned a business this would be
abundantly clear. You can't borrow money, you can't hire more
employees, you can't do ANYTHING unless money is available. With all
of the available money hoarded by just a few people, the economy has
simply ground to a halt and will stay there until there is money in
the hands of the people that actually spend it and keep it
circulating.
Call it whatever distasteful name you wish. Make it happen however you
can image, but the reality is that it MUST happen to fix the economy.
Your first paragraph is loaded with errors in basic economics.
At lease we agree that the redistribution of wealth is distasteful. It
is also wrong in a democracy.
Forced redistribution of wealth is immoral.
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