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Originally posted by GradyPhilpott
There was a black financial analyst on Fox News' Neil Cavuto show just yesterday that said almost exactly the same thing that HHH said in somewhat more academic terms.
The subject here is what the outcome will be for the economic stimulus package.
People who abuse drugs are not likely to go out and buy what most people consider to be the necessities of life. They are very likely to buy drugs.
People who have never made any effort to manage money are very likely to spend their money unwisely on such things as casinos and lotteries.
Studies have shown for fifty years or more that the poor are disproportionately hurt by "gaming," because they may not understand the mathematics behind "gaming" and because they can't overcome losses the way more affluent people can, even though many affluent people ruin their lives, careers, and families with "gaming."
There is no reason to come to this thread to take the OP to task because of his position on this matter and since I know of at least one black financial expert who agrees with HHH, his position is not necessarily a racist one.
Perhaps, those who see racism in his view are projecting their biases upon the OP>
[edit on 2008/1/25 by GradyPhilpott]
Originally posted by HHH Is King
And its not a rebate if they don't pay taxes, its just more welfare.
There is no reason to come to this thread to take the OP to task because of his position on this matter
Originally posted by palehorse23
reply to post by GradyPhilpott
There is no reason to come to this thread to take the OP to task because of his position on this matter
Funny how you say this Grady as you attacked me on one of my threads in the same way this OP was attacked. Calling me disrespectful and that I do not know what respect is. A bit hypocritical.
Anyway, how is this package going to work, regardless of who does and doesn't get money, when most of this country is in debt and the tendency will be to apply the money to personal debt. People can't buy goods when they owe so much. And if they do squander the money, isn't that just going to hurt the economy even more?
Originally posted by luckypuck
I wonder where all that money eventually will go. "Poor people" certainly will spend it, but then won't that all be profit going to the corporations and other fat cats. What will the fat cats do with the money? Invest it in their own companies? So they'll reap the profits of spent "rebates" and then double their profits in stock dividends?
What do the "poor people get? Corn Flakes, a pair of sox and a couple of months of overdue telephone bills paid off? Maybe they can use it to pay off that rise in their mortgage ARM for one month. S'all good.
Say . . . will we have to pay income tax on the rebate? So, like just how much do we end up with?
Originally posted by GradyPhilpott
There was a black financial analyst on Fox News' Neil Cavuto show just yesterday that said almost exactly the same thing that HHH said in somewhat more academic terms.
Originally posted by GradyPhilpott
The subject here is what the outcome will be for the economic stimulus package.
People who abuse drugs are not likely to go out and buy what most people consider to be the necessities of life. They are very likely to buy drugs.
Originally posted by GradyPhilpott
People who abuse drugs are not likely to go out and buy what most people consider to be the necessities of life. They are very likely to buy drugs.
Originally posted by GradyPhilpott
Perhaps, those who see racism in his view are projecting their biases upon the OP>