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Savings glut vs income shortage
|
55
comments (55 topical, editorial, 0 hidden)
Vouchers
(
none / 1
)
I read an interesting idea recently (here?), that state aid should be issued as vouchers that can only be spent in specific ways. I'm not competent to evaluate the idea economically or the full ramifications of it, but it appears to offer a method of directing and monitoring how capital injections are used.
You can't be me, I'm taken
by
Sven Triloqvist
on
Thu Jan 8th, 2009 at 06:42:59 AM EST
Re: Vouchers only for the rich
(
none / 0
)
If the concern is that the money be spent, vouchers are unnecessary for aid directed to those in the bottom six or seven deciles of the income distribution. Wealth and income have become so skewed that they have little choice but to spend all they get. But most of the top 3% of income earners would rather see the universe implode into a new big bang rather than reverse the flow of wealth which has served to so enrich themselves. We call reversal of that flow class warfare in the good 'ole USA and the fundies and the Scots-Irish descendants, often one and the same, see their troubles as God's Righteous Punishment for our wickedness.
As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by
ARGeezer
(
ARGeezer a in a circle eurotrib daught com
)
on
Thu Jan 8th, 2009 at 11:35:11 AM EST
[
Parent
]
Re: Vouchers only for the rich
(
none / 0
)
I was referring to the idea that state aid to companies (not individuals) would be in the form of vouchers.
You can't be me, I'm taken
by
Sven Triloqvist
on
Thu Jan 8th, 2009 at 12:03:06 PM EST
[
Parent
]
Re: Vouchers only for the rich
(
none / 0
)
I shoulda picked up on the "capital injection" language. Definitely not language commonly used in reference to individuals, even though much of it has apparently ended up in the pockets of individuals in the finance community.
As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by
ARGeezer
(
ARGeezer a in a circle eurotrib daught com
)
on
Thu Jan 8th, 2009 at 05:26:27 PM EST
[
Parent
]
Savings glut vs income shortage
|
55
comments (55 topical, 0 editorial, 0 hidden)
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