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Rank #5112 on CommentsLevel 323 Comments: Covered In Thumbs
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|Last status update:|| |
|Video Games Played:||Minecraft,Kerbal Space Program, Fallout,Battlefield 3,Age of Empires 3, Command and Conquer,Bioshock, Halo, Assassin's Creed, etc|
|Date Signed Up:||2/17/2010|
|Funnyjunk Career Stats|
|Highest Content Rank:||#8151|
|Highest Comment Rank:||#396|
|Content Thumbs:||466 total, 577 , 111|
|Comment Thumbs:||24395 total, 29487 , 5092|
|Content Level Progress:|| 70% (7/10) |
Level 47 Content: Sammich eater → Level 48 Content: Sammich eater
|Comment Level Progress:|| 11.6% (116/1000) |
Level 323 Comments: Covered In Thumbs → Level 324 Comments: Covered In Thumbs
|Times Content Favorited:||23 times|
|Total Comments Made:||9531|
|Favorite Tags:||terrorist (3) | game (2) | Ninja (2)|
durka durka muhammad jihad!
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latest user's comments
|#185792 - You're relying on getting drunk to turn your life around? …||5 hours ago on Advice - love advice,...||+1|
|#115 - Maryland is like California without the attraction of being Ca…||05/27/2015 on Abortion||0|
|#127 - Somebody, somewhere does. [+] (1 new reply)||05/26/2015 on Admin is a jerk to women||0|
|#69 - Not only that, but it tells the guy that for whatever reason h… [+] (1 new reply)||05/26/2015 on "My boyfriend is upset I...||+3|
#72 - anonymous (05/26/2015) [-]
here's the kicker, the guy is always gonna be frustrated with the fact that for whatever reason she cared about her past boyfriends enough to do that stuff, and apparently doesnt care about him enough to try it with him
|#454 - The problem with a rich tax is that you'll just increase the s…||05/26/2015 on They wanted $15/hr||0|
|#453 - You're supposing that the rich will just take it on the chin. …||05/26/2015 on They wanted $15/hr||0|
|#451 - Sure it is. Where do you think it comes from in the first plac… [+] (2 new replies)||05/26/2015 on They wanted $15/hr||0|
#452 - theseustheminotaur (05/26/2015) [-]
The wealthy are known to save more money, those who make minimum wage spend nearly all of their money. Saving money isn't putting money into the economy, its putting money into banks so they can loan money to people and then charge interest rates to get paid more money than they loaned out, effectively taking money out of the economy in the long run.
#453 - durkadurka (05/26/2015) [-]
You're supposing that the rich will just take it on the chin. They won't. Never have, never will.
I guarantee you that most of the money a business makes is going back into that business. Businesses have budgets and they'll spend based on that budget barring it being impossible to do so. They'll simply end up doing something like reducing the amount of workers they hire or their hours, or they'll end up cutting costs elsewhere or raising prices. What they won't do is just let the business not make as much.
And on top of this, the rich aren't really putting their money into savings accounts like we do, they're investing most of it. This has the potential to create more wealth than anything I could do with all of the money I have now.
Putting our jacked up banking system aside (seriously, it's a huge mess), loans don't necessarily take money out of the economy (why would people make them in the first place). Loans often go to businesses or to things that we think will improve the quality of our lives. So in the case of a business a loan has the potential to generate more wealth if the business succeeds. Personal loans can generate more wealth as well: Student loans are so I can gain knowledge and make more money/generate wealth. A car loan helps me make more money by being able to drive to a better job (for example).
And besides, the interest is being paid to the bank, who ends up spending it or loaning it, etc.
It's more accurate to say that the banks are spewing OUT money. This is because the Fed prints it and loans it out to banks. They also "create" more money by loaning out people's savings (the bank says you have X dollars but now some guy has that money too). The banking system is actually really messed up.
Either way, money is only paper in the end. A better indicator would be wealth, which is not so easily measured. For example, the smart phone in your pocket makes you immeasurably more wealthy than some guy with his clunky, room-sized computer in the 60's.
|#26 - Picture||05/26/2015 on *Le tips fedora*||+1|
|#35 - It's not? ****||05/25/2015 on F is for FUCK||+6|
|#77 - So you have pets then? [+] (1 new reply)||05/25/2015 on cat washer betrayal||0|