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so it would boost essential spending but take away from useless consumerism spending? And thats a bad thing?
by vokep 8y ago
so it would boost essential spending but take away from useless consumerism spending? And thats a bad thing?
- jonknee 8y agoConsumer spending going away means business spending going away which means jobs go away... Which means more consumer spending goes away and you can fill in the rest. Personal Consumption Expenditures make up ~70% of the US GDP. Unless you really enjoy recessions you don't want to see it go down.