Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

“Capitalism and communism stand at opposite poles. Their essential difference is this: The communist, seeing the rich man and his fine home, says: 'No man should have so much.' The capitalist, seeing the same thing, says: 'All men should have as much.'”     Phelps Adams

January 30, 2009

Let me just talk about numbers again for one second…

by Chris

So let me ask you, what do you think would stimulate the economy more:

  1. $819 billion of taxpayer money and bad debt on our national credit cards; distributed via political favoritism, cronyism, and cherry picking of favored causes
  2. $2,676 in the pocket of every single man, woman, and child in America
  3. $7,122 for each and every household in America
  4. $11,870 for every household in America that actually pays taxes
  5. $17,804 for every household in America that pays taxes above the margin line (they pay more taxes than the government costs per household)

Obviously, all but number one are politically unlikely because they would take control away from the politicians and actually give the people some of their money back…

…And of course 4 and 5 are right out, because that would be “taking money from the poor to give to the rich” (of course it wouldn’t be, in fact all but 4 and 5 would be yet more redistribution of wealth from the middle class to the poor, or the politically favored).

Think about it though… which do you think would actually stimulate the economy the most? Which would result in the most job creation? Which would result in the most wealth creation? In fact, which would result in the most people with their lives materially improved in the long term?

Yes, that’s right, it’s options 4 and 5; because options 1, 2, and 3, are nothing more than broken windows.

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  1. Wouldn’t it be cool if you actually put up a shred of any proof of your theory instead of just ham-fisted conjecture? Yea, I don’t see that happening either. More broken windows?

    Comment by Ron — January 30, 2009 @ 3:34 pm
  2. You act like a massive tax cut, free of any spending cuts, wouldn’t also constitute “bad debt on our national credit cards”.

    Comment by Joshua Holmes — January 30, 2009 @ 8:24 pm
  3. Ron,

    If you don’t even know the most basic principles of economics, you aren’t qualified to comment.

    Joshua, this was predicated on the assumption that they were going to do the 819 billion no matter what. I wrote about the tax impact of stimulus a week or so back.

    Comment by Chris — January 30, 2009 @ 9:36 pm
  4. Personally, I’d opt for “6. No bailouts to anyone”

    If America is truly a “free country”, then the freedom to fail is just as important as the freedom to succeed. Supporting failure breeds more failure. Witness the growing line of incompetents who are billing themselves as “too big to fail”. From corporations to cities to states, once the federal government set the precedent of pretending to have wealth to distribute, every self-identified failure out there is standing with a hand out.

    Option 6: “Privatize profit AND failure.”

    Comment by Akston — January 30, 2009 @ 9:53 pm
  5. This was predicated on the assumption that they were going to do the 819 billion no matter what.

    Ah, in that case, I’ll go with 4 or 5 as well. Distribute the pretend money to the taxpayers so we can save up for the hyperinflationary period this will help cause.

    Comment by Akston — January 30, 2009 @ 10:02 pm

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