Quote:
Originally Posted by Rekna
I have never had a problem with tax credits as long as they are a credit for a specific behavior you want to encourage. I think these work great for encouraging a specific behavior (like weatherizing a home). What I don't like is when they just give money back and don't encourage anyone to spend it.
Here is the thing, if people are nervous about spending and you give them $1000 they will take that money and save it. However, if you give them $1000 only if they spend it on X then they will spend that money. Right now having the consumer save all their money is not going to help the economy. We need to encourage them to spend their money and gain confidence in the market (which really appears that it has turned... DJIA is around 9300!)
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First, who the fuck is the government to TELL me how to spend my money? I'm a grown man and I already have a mom. Second of all, they aren't "giving me money", they are returning my money back to me. It isn't their money! The consumers save their money right now because it is the right thing to do. Those of us who see the writing on the wall see and end to huge sectors of private industry, massive government taxation, and the real potential for job loss.
Unlike the government, we choose to be fiscally responsible and pay our own way through the difficult times. If the government did something that showed any once of faith in a true free market, then spending would increase.