As far as I can tell, people like you and me who actually think before we spend are rare. And we probably already only buy what we think is worthwhile based on a VERY different scale than the rest of the nation, so our spending habits probably won't change all that dramaticaly.
Shalom.
I agree somewhat with what you are saying. However, it reminds me of the interest rates. That is, a small move in interest rates can, collectively, cause either an increase or decrease in home sales. I think the same is true here. Everyone isn't going to move in lockstep, but people who were "on the edge" of making spending decisions could do so in sufficient numbers to have quite an impact on our economy. This could, in turn, create the snowball effect.
Also, people who "wish they had control" of their taxes but have accepted that there is nothing they can do would suddenly find themselves in a position where they can drastically reduce taxes by doing things like make their own meals at home, buy a more fuel efficient car, drive less, etc. It is a "control" thing.
Everybody does not have to do it, but for it to have a dramatic impact, only a small percentage of the population would need to act for it to have a dramatic effect on our overall economy.
I'm not so sure that is true. Most folks I know do a lot of thinking before spending. There are times when my husband actually thinks I think TOO much before spending.
And we probably already only buy what we think is worthwhile based on a VERY different scale than the rest of the nation, so our spending habits probably won't change all that dramaticaly.
That I agree with almost totally. From the way I am understanding the idea of this, my spending would probably increase a bit because I would only have to wait 2 pay periods instead of 3 or 4 to buy that new sofa I saw last month (just an example)