Thursday, January 24, 2008
When is $600 bucks not $600 bucks?
When it's used to repay debts rather than buy stuff. The stimulus package enters it's final negotiations as I type, and the final product will seem to include $600 for any employed individual whether he paid income tax or not. Said worker drone would have paid social security and Medicare taxes, so I can't argue too much, since both taxes are regressive. Still, I cannot imagine the 6 bills helping all that much. Depending on when I receive said check, I will either pay off some random debt or spend it all in Prague. Revealing this to my mother resulted in a stream of recriminations, but what do I care? I'm supposed to spend the money, and since I've heard of no legislative limitations on how I should dispense the lucre, I say screw the American economy. My hard (un)earned $600 bucks will be spent in a Prague brothel.
Although a European house of ill-repute may be an unusual choice for the tax rebate, I doubt I'm alone in stating that I will not be using the money for other than it's intended purpose: buying goods or services in the USA. I know people who will be banking the money or paying down a credit card or something similar. This is another reason the various schemes and programs will not lift the nation out of a downturn. Still, when the check is cashed we'll all feel a bit better, and that has some fleeting benefit.... right? *Gulp*
Although a European house of ill-repute may be an unusual choice for the tax rebate, I doubt I'm alone in stating that I will not be using the money for other than it's intended purpose: buying goods or services in the USA. I know people who will be banking the money or paying down a credit card or something similar. This is another reason the various schemes and programs will not lift the nation out of a downturn. Still, when the check is cashed we'll all feel a bit better, and that has some fleeting benefit.... right? *Gulp*
