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If rich americans use oil heating up their 50 unused vacation homes and they have to slow down a bit, the statement can be true. Did you read the article? "A
by yummyfajitas 11y ago
If rich americans use oil heating up their 50 unused vacation homes and they have to slow down a bit, the statement can be true.
Did you read the article?
"A rich person, presented with a tax refund, will not necessarily increase his or her consumption. Instead he or she might well save the money ...When the poor and lower middle class get cash in their pockets, they generally spend it straight away..."
Or perhaps this comment from 27 minutes ago where I pointed out the exact same thing to another person who didn't read the article: https://news.ycombinator.com/item?id=10397010 https://news.ycombinator.com/item?id=10397010
- cma 11y agoI didn't read things right. That argument would make sense as a short term thing if fighting a contracting economy during a recession, especially if there is an ongoing flight to safety and if banks are worried about reserves and not making loans so the extra savings aren't getting spent (e.g. 2008). But I do see some of the contradiction you are talking about.