The Top 5 Reasons The Tax Rebate Wont Help The Economy
A popular talk across the internet as of late has been whether or not this tax rebate will help the economy. So once again I have decided to make a top 5 list of reasons as to why it wont help the economy.
#5) Will Drive Up Gas Prices
With gases prices already skyrocketing we can only that they will rise with this rebate. Whenever the government borrows $100 billion they normally have some idea as to how they plan to pay it back, and it will probably come in the form of gasoline.
#4) People Will Buy Foreign Products
Most likely if you plan to buy goods with this rebate you will be buying your goods from a foreign company. How can you not though? Most of what Walmart sells is from foreign countries and chances are you shop at Walmart. All this does is help out the foreign countries and their economy's.
#3) Won't Create Jobs
Another reason that this will not help the economy is that is will not create many jobs. Giving people money will not make them more inclined to get a job, in fact I think it may worsen the opportunity for jobs. If the government is going to support you why get a job.
#2) People Will Pay Bills
In a severely burned economy people will be paying up their bills with the rebate, not stimulating the economy. Right now we have such housing prices and people owe so much on their mortgage it will be hard for them to go off and buy things, even then it probably will not be American made.
#1) Inflation
Every time the government borrows money from China the value of the dollar goes down. The problem here is that we are putting more cash into our economy while not taking any out. I think that it isn't as bad of inflation as normally printing off cash because the money is backed by us having to give it back.
Another top 5 down. Please feel free to comment below, remember it does not require you to sign in you can post anonymous.
#5) Will Drive Up Gas Prices
With gases prices already skyrocketing we can only that they will rise with this rebate. Whenever the government borrows $100 billion they normally have some idea as to how they plan to pay it back, and it will probably come in the form of gasoline.
#4) People Will Buy Foreign Products
Most likely if you plan to buy goods with this rebate you will be buying your goods from a foreign company. How can you not though? Most of what Walmart sells is from foreign countries and chances are you shop at Walmart. All this does is help out the foreign countries and their economy's.
#3) Won't Create Jobs
Another reason that this will not help the economy is that is will not create many jobs. Giving people money will not make them more inclined to get a job, in fact I think it may worsen the opportunity for jobs. If the government is going to support you why get a job.
#2) People Will Pay Bills
In a severely burned economy people will be paying up their bills with the rebate, not stimulating the economy. Right now we have such housing prices and people owe so much on their mortgage it will be hard for them to go off and buy things, even then it probably will not be American made.
#1) Inflation
Every time the government borrows money from China the value of the dollar goes down. The problem here is that we are putting more cash into our economy while not taking any out. I think that it isn't as bad of inflation as normally printing off cash because the money is backed by us having to give it back.
Another top 5 down. Please feel free to comment below, remember it does not require you to sign in you can post anonymous.
Labels: bad economy, creating jobs, Economy, foreign products, gas prices, Inflation, paying bills, tax rebate
posted by braane at
9:46 PM
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