Can we drop economics and do some good?

Question

Economics is such a pointless battle
Republican v.s. Democrat
Conservative v.s. Liberal
Nazism v.s. Communism
National Socialism v.s. Socialism
Right Wing v.s. Left Wing
Reganomics v.s. Common Sense

Can't we give it a rest and save some African children from starvation or icecaps from melting?

Answer 1

You mean politics, not economics, right? Good economic policies have saved and enriched the lives of billions around the world.

Answer 2

No, we can't.
Money in the hands of people stimulates the economy, whether they are rich or poor. The problem- how to you put money in the hands of the poor? Transfer of more wealth from the rich to the poor each year? This would only create greater dependency on entitlements and give lessen the incentive to achieve. Give the poor greater tax cuts? You can only cut the taxes for the poor by so much, because they don't pay much in taxes. When Tom Daschle said that the result of a proposed Bush tax cut would mean that a rich person would be able to buy a new car, without realizing it, he proved the theory of Trickle Down Economics. The person selling that car would generate income that he would otherwise not have had. Please note that if that person sells enough cars, he will gain wealth. If tax rates in this county were at 75% what would happen to the economy? The answer is that no one would have money to spend on anything except housing and food. The result would be that businesses everywhere would fail, because no one would have money to buy clothes, electronics, entertainment, repairs for their homes or cars, go on vacation..... If they did buy such things, they would have to go in to debt to do so. How would this help the working class or the poor? Please note the average taxpayer, pays roughly 50% of their income in taxes. After the attack on September 11th, Hillary Clinton said, "come to New York and spend money." She knew if people stopped coming to New York and spending money, businesses would fail and the economy in New York would suffer a great downturn, which would hurt the average working family. This is interesting considering that liberals are for tax hikes and against tax cuts. The only thing that helps the working class is a strong economy. It gives the average worker more freedom and more bargaining power. When the financial sector was booming from 1987 through 1989, workers were getting bonuses, overtime and stock options. When the financial sector suffered a downturn in 1990, it trickled down. There were no more bonuses, overtime, stock options and their were layoffs

Answer 3

Right. And that pesky law of gravity thing, we ought to ignore that too. If only we dropped that, we could fly free!

Dude, I don't know if I've ever heard anything more idiotic. No, you can't "drop" trying to understand how the world works.

Let's just take the very simple economic case for what you think is so easy. Let's talk about "saving some African children from starvation". So, you probably want to send millions of tons of food over to some African country, right? And what do you think happens? Yes, people get fed, but what else? The farmers in that nation go bankrupt because you've destroyed the market for food crops in that nation with all the free food. Then, the next year, there are NO farmers in the nation, because you just bankrupted them all. So, you have to support an entire nation, instead of a smaller number who were starving before. THEN, eventually, you realize that this costs a lot of money, so you have to raise taxes on your own American people to do it. But when you raise taxes, productivity goes down, and the tax revenue falls. And you have less money to feed everybody. So, then you have to decide whether to starve Americans or Africans.

That's your economics lesson for today.

Reality Economics vs. You

Go back to school!

Answer 4

It's politics, not economics.
Communism, Socialism, Liberalism, Fascism, and Nazism, are all the same thing with just a little difference.
They all have the same Goal.

Honey, what are YOU doing to feed the African Children???
Are You Working Hard and Donating a lot of Money???
Yeah, I'll bet.

Answer 5

Politics must not destroy the country but only a means to select the best leaders. Instead of bickering, politicians must unite to improve the economy and instead help the poor countries.

Answer 6

Saving starving africans and icecaps depend on money, so unfortunately, economics can't be dropped.

Answer 7

Not sure what planet you live on bud, the economy is what PAYS for everything, and if you destroy it with socialism there will be no money for anything.