Thoughtful Thursday – Stimulating the Economy

moneyOur new President has signed an economic stimulus package and I’m all for some of the things, like bailing out our car companies. But there’s still one big thing missing as far as I can see and which would, IMHO, totally stimulate the economy. What’s that you may ask?

Money in my pocket. If I had money in my pocket that I wasn’t afraid to spend, spend it I would (while also saving a bit for a rainy day). But as I see it right now, come April there’s more money leaving my pocket and none of it is coming back to me directly. For that reason, I’m not spending.

Directly being a key word here. If you want to stimulate the economy, give people some of their money back. The hard earned money for which they work.

On one of the talking head shows the other day an economist was saying that the trillion being spent was close to the amount the government takes in as taxes every year. He proposed that instead of this package the government just return the tax monies paid to the individuals who paid it. With those monies, individuals could save some money, they could repay some loans, and they could spend on new cars, etc.

Such saving, repaying and spending would provide an immediate stimulus to the economy. What do you think? If you got ALL your federal taxes back, or even a good portion of them, what would you do with the money?

I want to thank everyone who stopped by Romance Novel Television yesterday as well as this blog and the e-mails. We’ll be picking a winner from the entries. The correct answer to the question is DEATH CALLS. DEATH CALLS helped launch the Nocturne line and was actually # 3 in THE CALLING series which began with DARKNESS CALLS under the Silhouette Intimate Moments line. Thank you all again for your visits and kind words.

0 thoughts on “Thoughtful Thursday – Stimulating the Economy”

  1. It has been shown time and time again, cutting taxes stimulates the economy. Not raising them.
    Why don’t we tax cigarettes higher? they only cost us money in the long run in terms of healthcare.
    BMW’s don’t cost us anything as a society.

  2. I agree with Jenn on any spending of those “returned funds”: pay off the card (we only have one because Honey was clear thinking enough to pay off the rest!), an amount into the bank, and my shopping would be a few clothes. Since my loss of weight, I’ve been making use of older, smaller sized clothing from my closet. I’m afraid the fashion police are going to come after me very, very soon!!

    Pat Cochran

  3. Huckabee, while way too conservative for me, had a great idea. Tax what we buy instead of what we make.

    Makes sense to me. Regular taxes for things we buy, except food of course, and luxury taxes for those BMW’s and stuff.

    If I got all my money back I’d pay off credit cards, put some in the bank, AND go shopping. For books, of course. 🙂

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