Last night's Bush/ Kerry debate?

iVillage Member
Registered: 03-10-2003
Last night's Bush/ Kerry debate?
112
Fri, 10-01-2004 - 5:08pm

Given that I work here, I can't take a partisan stand, but I wanted to hear what you thought of the debate. The polls I've seen say that Kerry won hands down.

Susan Hahn
VP/ Community & Customer Support, iVillage.com

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iVillage Member
Registered: 03-02-2004
Tue, 10-05-2004 - 3:18pm
>Poor people don't provide jobs. Businesses provide jobs for people as well as contribute a tremendous amount of tax revenues in a variety of ways.<

But poor people put the lion's share of whatever they have straight back into the economy in the form of consumer spending. And the trickle-down theory doesn't work that well in practice.

iVillage Member
Registered: 03-31-2003
Tue, 10-05-2004 - 3:32pm

Don't the poor get tax breaks in the form of medical/medicaid, qualifying for lower gas and electric rates (going by income), subsidized housing, subsidized child care,

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iVillage Member
Registered: 03-25-2003
Tue, 10-05-2004 - 3:51pm

What

iVillage Member
Registered: 03-26-2003
Tue, 10-05-2004 - 3:56pm

>>But poor people put the lion's share of whatever they have straight back into the economy in the form of consumer spending. And the trickle-down theory doesn't work that well in practice.<<


Expand if you will.


What is it the better off do with their money and why it that bad?

iVillage Member
Registered: 03-31-2003
Tue, 10-05-2004 - 3:59pm

Then I guess the question

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iVillage Member
Registered: 03-31-2003
Tue, 10-05-2004 - 4:01pm

>>But poor people put the lion's share of whatever they have straight back into the economy in the form of consumer spending.<<


Maybe they should be saving their money instead of spending it (?)

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iVillage Member
Registered: 03-02-2004
Tue, 10-05-2004 - 4:09pm
The point is to say that the poor don't employ people, with the implication that giving them tax breaks doesn't help the economy, is misleading. Consumer spending is good for the economy, and by necessity, the poor put most of their money right back into the economy by buying things they need.
iVillage Member
Registered: 03-02-2004
Tue, 10-05-2004 - 4:12pm
How are people who are barely making ends meet possibly going to have much money left over to save? That's a sad reality that I thought was plenty obvious. In any event, my point was that giving the poor a tax break *does* help the economy, because by necessity, they put the vast majority of what money they have right back into the economy in order to buy the things they need.
iVillage Member
Registered: 03-26-2003
Tue, 10-05-2004 - 4:25pm
I agree, but more importantly he hasn't earned the right to be "Commander in Chief". You can ask almost any person serving in the military....when he mentioned in the debate the two military personnel stopping him in the airport and asking him to help them, my son who is a Marine called me and told me that nobody in his unit believed that story...they believed he made that up to earn brownie points...nobody he knows wants him as Commander in Chief....it reminded me of the story Gore told of the old who couldn't afford her prescription medication yet she traveled to his convention in her Winnebago!!! Sheesh, I can't even afford a Winnebago!

Sue

iVillage Member
Registered: 03-31-2003
Tue, 10-05-2004 - 4:25pm

They have tax breaks in the form of welfare and other subsidies (rent, childcare, college tuition, utilities, etc). YEARS AGO when me and dh were first married, without any kids, we didn't put everything we earned "back into the economy", we saved it.


What exactly are the poor buying-the staples of life; food, clothes, supplies for the house (like tp, detergent, etc). The middle class are the ones who are buying the big items, the non-essentials if you will that help the economy. When a middle class person gets a tax break, they are more likely to put a down payment on a new car or buy a washing machine, big ticket items.

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