Tax Rebates? What does this mean guys?

[Flipx99 5,000+ posts]

It will be funny when everyone keeps the **** thing and doesn't buy shit.Then what all that money that was earmarked for refunds was expected to flood back into the economy and didn't.Then watch out for the tax increases to make back all the money they just paid out.Probably do that right around christmas.

People won't do that....that is why they give the money to the poor and not the wealthy. I bet if I offer $500 cash to people in the street for their rebate check that comes in July, I'd be willing to be that 90% of the people would take the offer and spend the $500 by the end of the week.

Even myself, I'll spend the money (in a sense)...why not knock off $600 on what I owe on my truck?

 

[2002XLT 5,000+ posts]

I bet there will be a lot more lcds in peoples home, and they still wont be able to eat.

I on the other hand shall be responsible with my money and have already planned on investing my return, and now this will be added to that. Im very happy!! //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif)

 

[konechiwa 10+ year member]

No.
The idea is to promote spending. Paying off the national debt does not meet this requirement.

Well I mean, in the grand scheme of things, wouldn't the US be better off paying there debt?

I mean, the 150 billion they spent toward that is 150 billion they don't have to spend later on. I get what your saying, more money out, more money in type of deal, but I always thought that are economy was in the shitter because we are outsourcing and in large ammounts of debt. You obviously know way more then me but wouldn't that help at all?

 

[konechiwa 10+ year member]

People that are having financial difficulty shouldn't get shit but a smack to the back of the head.

we should give it to the rich CEO's that steal money from the middle class.

Agreed.

 

[audioarsonal 10+ year member]

People won't do that....that is why they give the money to the poor and not the wealthy. I bet if I offer $500 cash to people in the street for their rebate check that comes in July, I'd be willing to be that 90% of the people would take the offer and spend the $500 by the end of the week.
Even myself, I'll spend the money (in a sense)...why not knock off $600 on what I owe on my truck?

I know its human nature to spend "free" money.But its all just a band aid for the problem of there over spending!Bail everyone out and don't make em accountible for shit.Thats the government trying to tell you were here for you when its all a bunch of lies!

 

[konechiwa 10+ year member]

At least it wouldn't get wasted on crack that way.

The war on drugs will solve that problem.

 

[Tiger Bass 5,000+ posts]

we should give it to the rich CEO's that steal money from the middle class.
Agreed.

Well, it's not the CEO's faults that these people are often just stupid or lazy.

If you don't have a job, don't go around having unprotected *** and having kids. Don't drop out of high school. Go to college. Don't waste your money on unnecessary shit. Don't be an incompetent fuck. Try getting a real job. I could go on...

 

[04_edge 10+ year member]

if they were really concerned about stopping a possible recession they should put a cap on gas prices.

i dont care how many times youve heard it but there is no reason exxon/mobile and all those businesses should be allowed to make~60 billion dollars in profit that they do. the price of oil and gas is the main problem for the economy. and we do not have a shortage of oil, if we did there would be gas station out of gas and people wouldnt be able to get heating oil for thier homes and all that good stuff. my dad was a roughneck in the 80's when we really started turning to other nations for oil and he on many occasions has told me about all the oil wells he capped in JUST texas that still had oil in them....

even if they give out this money, where is it coming from? how many billions/trillions of dollars is our nation in debt already? its just going to be a quick fix, most people will probably go out and blow it on some random shit...like i plan on doing....

 

[konechiwa 10+ year member]

Well, it's not the CEO's faults that these people are often just stupid or lazy.
If you don't have a job, don't go around having unprotected *** and having kids. Don't drop out of high school. Go to college. Don't waste your money on unnecessary shit. Don't be an incompetent fuck. Try getting a real job. I could go on...

Joe Nacchio stole money from Qwest while he was the CEO? (CFO? Some executive).

Stock pre-nacchio- somewhere around 50-60.

Stock post-nacchio- somewhere aroudn 5.

yes. It is the middle classes fault.

 

[Flipx99 5,000+ posts]

Well I mean, in the grand scheme of things, wouldn't the US be better off paying there debt?
I mean, the 150 billion they spent toward that is 150 billion they don't have to spend later on. I get what your saying, more money out, more money in type of deal, but I always thought that are economy was in the shitter because we are outsourcing and in large ammounts of debt. You obviously know way more then me but wouldn't that help at all?

The US does not take such a long term view on such matters. Think about it, as interest compounds, it would be more than 150B.

The economy is in the shitter because our economy is consumer spending based. The subprime issue is a 250B problem in a 14Trillion dollar GDP...but it made people afraid. The news doesn't help. I don't think things are exactly as bad as they seem....but the news is making it worse by making people scared. If people are scared, they hold off purchases to another day...hurting the economy.

 

[Flipx99 5,000+ posts]

if they were really concerned about stopping a possible recession they should put a cap on gas prices.
i dont care how many times youve heard it but there is no reason exxon/mobile and all those businesses should be allowed to make~60 billion dollars in profit that they do. the price of oil and gas is the main problem for the economy. and we do not have a shortage of oil, if we did there would be gas station out of gas and people wouldnt be able to get heating oil for thier homes and all that good stuff. my dad was a roughneck in the 80's when we really started turning to other nations for oil and he on many occasions has told me about all the oil wells he capped in JUST texas that still had oil in them....

even if they give out this money, where is it coming from? how many billions/trillions of dollars is our nation in debt already? its just going to be a quick fix, most people will probably go out and blow it on some random shit...like i plan on doing....

They already tried this and rent control in the 70s. That worked out real well. //content.invisioncic.com/y282845/emoticons/rolleyes.gif.c1fef805e9d1464d377451cd5bc18bfb.gif

Why do you think companies should limit their profit taking. What if they decided to quit selling gas to America because of your proposed penalties.

 

[konechiwa 10+ year member]

The US does not take such a long term view on such matters. Think about it, as interest compounds, it would be more than 150B.
The economy is in the shitter because our economy is consumer spending based. The subprime issue is a 250B problem in a 14Trillion dollar GDP...but it made people afraid. The news doesn't help. I don't think things are exactly as bad as they seem....but the news is making it worse by making people scared. If people are scared, they hold off purchases to another day...hurting the economy.

Then the US should call out the media for being stupid bishes.

 

[audioarsonal 10+ year member]

That's the problem everyone expects something for nothing nowadays.Its all from parents telling there kids they don't need to strive for greatness that they are great for who they are, and everything is handed to them without any reprocussions or consiquinces.Just like the banks giving out loans they knew people couldn't afford.