Last night's Bush/ Kerry debate?
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Last night's Bush/ Kerry debate?
| 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
VP/ Community & Customer Support, iVillage.com
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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.
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,
What
>>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?
Then I guess the question
>>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 (?)
Sue
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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