I hate Keynesians.
more like - spend it while its still worth SOMETHING
A true ignoramus...
Does he really think the money one has in a bank as a savings is dollar bills sitting in a vault somewhere?
Is this a New York thing? Where I live the deed transfer tax is 0.3% + $0.50, so only $600.50 for a $200,000 house. Recording a mortgage costs $28.
I refuse to be the takers' maker. I'm done with my high pressure career - on to something simple and enjoyable, no matter what the salary.
sfl
Solar group audit finds $1.3M shortfall
Snip: A state-mandated audit of Willard & Kelsey Solar Group revealed the defunct solar-panel manufacturer could not account for how it spent $1.3 million of a $5 million loan funded by Ohio taxpayers.
Fifth Solar Company Fail - $240K per worker
Snip Willard & Kelsey Solar Group, LLC received $10 Million in federal stimulus money back in June 2009. (Fox Toledo). The total amount of federal stimulus dollars given to Ohio was $150 million so this represents almost 7% of the total Ohio received. It was boasted as a huge job creator, remember that?
Stimulus Money Received
1. $5 Million R&D loan from Ohio Department of Development
2. $10 Million loan from Ohio Air Quality Development Authority
3. $3.3 Million Job Creation Tax Credit
4. $701,000 grant to train 50 current + 250 new workers
Buying a house is a sound move for most people. Want this guy is talking about however is a mystery to me.
Consumption expenditure is buying not for the purpose of subsequent selling.It is buying for any other purpose than subsequently selling.It is unproductive.It constitutes the using up of money.Funds that are unproductively expended, as a rule, either do not return at all or return only in a smaller amount, and thus are simply consumed.Funds that are unproductively expended and consumed simply disappear from their owner's possession in the long run.
Productive expenditure is buying for the purpose of subsequently selling.This is the type of expenditure that stimulates the economy and accumulates capital. Accumulation of capital is a necessity for economic progress and increasing prosperity.Increased saving (which is not the same as hoarding) provides the funds for investment, which is the first step in increasing productive expenditure which increases capital accumulation and begins the pathway of capital formation.In order to increase saving, one must make the choice to decrease consumption
Increases in taxes is like increases in consumption because it decreases the amount of funds that would be saved. Anything that decreases saving has a negative effect on the rate of capital accumulation and economic progress and rate of increase in prosperity.
Hey, Newman, Ive an automatic 45 I would like to recommend that you get to play Russian Roulette with.
Stimulate the economy even more by breaking every window in the house
You still have a savings account?