GOP Tax Overhaul

[Jim in CT]

Originally Posted by Nebe

You guys are insane if you think that parking millions or billions in a bank account Ian”returning it back into the economy”.
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You are insane, more accurately ignorant, if you deny it.

Nebe, where do you suppose banks get money to make loans, so that people can get mortgages and open businesses? They are lending the depositors' money. If there are no depositors, the bank has no funds to make loans.

Turn off MSNBC and read an economics text.

[spence]

Originally Posted by Jim in CT

Nebe, where do you suppose banks get money to make loans, so that people can get mortgages and open businesses? They are lending the depositors' money. If there are no depositors, the bank has no funds to make loans.

Nebe, you just got schooled.

Since you're ignorant and insane I'll break this down for you. The reason the economy is in the tank is because the banks don't have money to loan business so they can hire people and pay higher wages.

If we give the banks money in the form of deposits the banks will be able to lower interest rates and give out tons of loans. If we give the banks a lot of money they will lower rates to zero and we will have unlimited growth.

Make that wrong.
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[scottw]

Originally Posted by spence

The reason the economy is in the tank is because.....


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[Jim in CT]

Originally Posted by spence

Nebe, you just got schooled.

Since you're ignorant and insane I'll break this down for you. The reason the economy is in the tank is because the banks don't have money to loan business so they can hire people and pay higher wages.

If we give the banks money in the form of deposits the banks will be able to lower interest rates and give out tons of loans. If we give the banks a lot of money they will lower rates to zero and we will have unlimited growth.

Make that wrong.
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I said that it’s good for the economy when people deposit money in banks. I was correct. You somehow made the Evil Kineval leap that I meant that banks would lower interest rates? Not sure how you concluded that.

But Spence, if you think I’m wrong, and that it’s better when banks have no depositors, you are entitled to that opinion.
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[detbuch]

Originally Posted by Jim in CT

I said that it’s good for the economy when people deposit money in banks. I was correct. You somehow made the Evil Kineval leap that I meant that banks would lower interest rates? Not sure how you concluded that.

But Spence, if you think I’m wrong, and that it’s better when banks have no depositors, you are entitled to that opinion.
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I think, but can't be sure when it comes to Spence, that he thinks that banks, wealthy folks, businesses, just sit on large chunks of money, preferring that it lose its value to inflation rather than moving it in ways to increase its value.

[Jim in CT]

Originally Posted by detbuch

I think, but can't be sure when it comes to Spence, that he thinks that banks, wealthy folks, businesses, just sit on large chunks of money, preferring that it lose its value to inflation rather than moving it in ways to increase its value.

I'm certain most liberals believe that. It's absurd.

[spence]

Originally Posted by Jim in CT

I'm certain most liberals believe that. It's absurd.

I don't know anyone that thinks that.
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[Jim in CT]

Originally Posted by spence

I don't know anyone that thinks that.
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Then why do most liberals say that trickle down doesn’t help the economy?

Spence, if the wealthy don’t burn their money or bury it, then how do they use it in a way that isn’t beneficial to the economy? If they save it, spend it, invest it, donate it, or pay taxes with it, don’t all of those things help the economy? Please explain, I’m all ears.
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