Quote:
Originally Posted by crockett
It honestly boggles my mind why this basic concept goes over their head..
1 guy can be richer than 50 thousand people.
Yet 50 thousand people need cars.. 50 thousand cars need to be registered and pay sales tax on them. They have to buy gas and pay sales tax. They have to pay for insurance all of these needs create jobs as people need to service those needs. Those jobs create income tax.. it goes on and on..
Meanwhile that 1 rich guy, might buy a handful of cars if he happens to like cars a lot... He can have all the money in the world but he wont create the jobs that the 50 thousand people will create if they are spending disposable income.
The basic principle of a strong economy is having lots of people spending money, not just a few..
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What is even weirder is we have other countries that have tried all kinds of different models. Why we can’t lewrn from their mistakes is totally insane.