Economics 101

[Carl]

The island is boring tonight so strolled down a couple of different trails and found this.
Knew by the title it would be funny.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=114x42763

BeFree (1000+ posts)        Tue Sep-09-08 06:32 PM
Original message
Economics 101
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Edited on Tue Sep-09-08 06:46 PM by BeFree
Say you have a million bucks.

You give it to one person, making him a millionaire.
He buys a hamburger a day and one car a year and socks the rest of it away.

Or you give 1,000 guys $1,000 each.
Now you have 1,000 hamburgers a day being bought, and a 1,000 cars a year being bought.

You tell me. What makes for a better overall econom

I dunno but tell me how a person buys even on car much less one a year on that $1000.

The other primitives will point out the obvious mistake in the premise I am sure.

noiretblu  (1000+ posts)        Tue Sep-09-08 06:33 PM
Response to Original message
1. #2, professor
   it's elementary. unfortunately, some prefer the fantasy.

provis99  (1000+ posts)       Tue Sep-09-08 06:43 PM
Response to Original message
3. but that's communism!
   why would we want a society where all of us are substantially better off, than one where us feudal peons can fight for garbage scraps from the table of our lordly masters, like trickle-down economics promises?
   

Finally one does...

A HERETIC I AM  (1000+ posts)         Wed Sep-10-08 08:11 PM
Response to Reply #5
6. Nonsense.
   From your OP;

Say you have a million bucks.
You give it to one person, making him a millionaire.
He buys a hamburger a day and one car a year and socks the rest of it away.
Or you give 1,000 guys $1,000 each.
Now you have 1,000 hamburgers a day being bought, and a 1,000 cars a year being bought.

How much is a car in this scenario? A hamburger? If hamburgers are a dollar then cars can't be more than $635.00 and your "Economics 101" fantasy has a lifespan of 366 days.

HamdenRice said:
I

f he puts it (the million dollars) in the bank, the money may be lent to regular people to purchase and renovate a home, which involves buying lumber and dry wall from Home Depot and hiring contractors. Or the millionaire may purchase stock in a small company with a promising new technology, that enables it to hire young scientists and lab technicians, who in turn buy hamburgers for lunch every day.

To which you suggested "In your scenario, all the bank investing does is create wealth for the one while making everyone else pay interest. Interest that instead could buy more hamburgers or lumber 1,000 more times."

So if I understand you correctly, you discount the value of a home improvement to zero just because it was facilitated with borrowed money, and you think hamburgers, cars, lumber and probably everything else should be cheap enough to fit into this model.

That's ridiculous.

What if the person in your OP used the million to buy a hamburger stand? He then is employing people to make hamburgers to sell to others and they receive pay that allows them to buy the hamburgers themselves. This can and has been a self sustaining concept. As I said above, your concept has a very short shelf life.

Capitalism may indeed tend to concentrate wealth but it is also the best system yet devised that so easily allows the creation of more wealth by anyone with enough drive to bring a good idea to market.

This isn`t acceptible.

BeFree (1000+ posts)        Wed Sep-10-08 08:19 PM
Response to Reply #6
7. Pain in the ass
   Gawd, the concept is too simple for you, eh?

Ok, so the guy buys a hamburger stand. And then it goes broke, as they all do eventually. Leaving people without jobs and the bank with a foreclosed note.

The only reason we have such a 'great' capitalist system (that is about to go head over heels), is because only a few have most of the money.

Sustainable my ass. Now, if you think that you and what you do today is ALL that matters, then yes party on dude.

DUmmy economics,always good for a laugh.

[DumbAss Tanker]

Ol' Heretic totally pwn3d BeeFbrain in that one. 

 

[Lord Undies]

Ol' Heretic totally pwn3d BeeFbrain in that one. 

 

No he didn't!  All BeeBrain has to do is wait for McDonald's to go bankrupt, and then his theory is sound.

[Chris_]

BeFree (1000+ posts)        Tue Sep-09-08 06:32 PM
Original message
Economics 101
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Edited on Tue Sep-09-08 06:46 PM by BeFree
Say you have a million bucks.

My question is where did the million bucks come from? I bet Obamalamadingdong materialized it out of thin air.

[tuolumnejim]

BeFree (1000+ posts)        Tue Sep-09-08 06:32 PM
Original message
Economics 101
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Edited on Tue Sep-09-08 06:46 PM by BeFree
Say you have a million bucks.

My question is where did the million bucks come from? I bet Obamalamadingdong materialized it out of thin air.

Or Hillary got it from her whitewater account. 

[BlueStateSaint]

BeFree (1000+ posts)        Tue Sep-09-08 06:32 PM
Original message
Economics 101
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Edited on Tue Sep-09-08 06:46 PM by BeFree
Say you have a million bucks.

My question is where did the million bucks come from? I bet Obamalamadingdong materialized it out of thin air.

Another question.  The average DUmb**** is going to blow it on pot and Cheetos.  Therefore, the scenario isn't valid, and it is more of a fiction than originally proposed.

[JohnnyReb]

BeFree (1000+ posts)        Tue Sep-09-08 06:32 PM
Original message
Economics 101
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Edited on Tue Sep-09-08 06:46 PM by BeFree
Say you have a million bucks.

My question is where did the million bucks come from? I bet Obamalamadingdong materialized it out of thin air.

Another question.  The average DUmb**** is going to blow it on pot and Cheetos.  Therefore, the scenario isn't valid, and it is more of a fiction than originally proposed.

Easy come, easy go...........it's the DUmmie way.

It's a known fact, give a DUmmie money and he eats for a day......then begs for more the next day.

[Chris_]

BeFree (1000+ posts)        Tue Sep-09-08 06:32 PM
Original message
Economics 101
   Advertisements [?]

Edited on Tue Sep-09-08 06:46 PM by BeFree
Say you have a million bucks.

My question is where did the million bucks come from? I bet Obamalamadingdong materialized it out of thin air.

Another question.  The average DUmb**** is going to blow it on pot and Cheetos.  Therefore, the scenario isn't valid, and it is more of a fiction than originally proposed.

I hadn't thought of that, but you're right. That brings up another thought. Since the DUmmies are such piss poor planners and don't think ahead, the average DUmmie would spend almost all of it on pot. He/she/it wouldn't plan far enough ahead to buy enough Cheetos for the resulting pot-induced munchies thereby costing the government tax money that could go into entitlement programs. Ultimately this DUmmie is hurting his/her/its fellow leechers. Uncaring DUmmie!

[Chris_]

BeFree (1000+ posts)        Tue Sep-09-08 06:32 PM
Original message
Economics 101
   Advertisements [?]

Edited on Tue Sep-09-08 06:46 PM by BeFree
Say you have a million bucks.

My question is where did the million bucks come from? I bet Obamalamadingdong materialized it out of thin air.

Another question.  The average DUmb**** is going to blow it on pot and Cheetos.  Therefore, the scenario isn't valid, and it is more of a fiction than originally proposed.

Easy come, easy go...........it's the DUmmie way.

It's a known fact, give a DUmmie money and he eats for a day......then begs for more the next day.

Maybe they just need to meet Edgar Frog: Build a man a fire, he's warm for a day. Light a man on fire, and he's warm for the rest of his life!

[BlueStateSaint]

BeFree (1000+ posts)        Tue Sep-09-08 06:32 PM
Original message
Economics 101
   Advertisements [?]

Edited on Tue Sep-09-08 06:46 PM by BeFree
Say you have a million bucks.

My question is where did the million bucks come from? I bet Obamalamadingdong materialized it out of thin air.

Another question.  The average DUmb**** is going to blow it on pot and Cheetos.  Therefore, the scenario isn't valid, and it is more of a fiction than originally proposed.

Easy come, easy go...........it's the DUmmie way.

It's a known fact, give a DUmmie money and he eats for a day......then begs for more the next day.

Maybe they just need to meet Edgar Frog: Build a man a fire, he's warm for a day. Light a man on fire, and he's warm for the rest of his life!

Ruuuude!  H5!

[NHSparky]

Ol' Heretic totally pwn3d BeeFbrain in that one. 

 

No he didn't!  All BeeBrain has to do is wait for McDonald's to go bankrupt, and then his theory is sound.

And Burger King, and Wendy's, and In-n-Out, and Fuddruckers and Johnny Rockets, and every other mom and pop stand in the world.

[Chris_]

Ol' Heretic totally pwn3d BeeFbrain in that one. 

 :rotf:

No he didn't!  All BeeBrain has to do is wait for McDonald's to go bankrupt, and then his theory is sound.

And Burger King, and Wendy's, and In-n-Out, and Fuddruckers and Johnny Rockets, and every other mom and pop stand in the world.

DQ, Sonics, Carls/Hardees, In-n-Out (best hamburger in the Universe!)

And In-n-Out is truly a mom and pop chain -- it wholly owned by te family and haven't changed their menu in like 40 years.

[NHSparky]

Ol' Heretic totally pwn3d BeeFbrain in that one. 

 

No he didn't!  All BeeBrain has to do is wait for McDonald's to go bankrupt, and then his theory is sound.

And Burger King, and Wendy's, and In-n-Out, and Fuddruckers and Johnny Rockets, and every other mom and pop stand in the world.

DQ, Sonics, Carls/Hardees, In-n-Out (best hamburger in the Universe!)

And In-n-Out is truly a mom and pop chain -- it wholly owned by te family and haven't changed their menu in like 40 years.

Yeah, I do miss me my Double-Double with grilled onions and spread only.

[DixieBelle]

So the gimme it's all about meeee crowd expects people to believe they would be generous if given any signifigant amount of wealth?

[GOBUCKS]

This DUmp thread is a discussion of economics among people whose financial fortunes depend on adjustments to the minimum wage and food stamp policies. To them $1000 cash, in a lump sum, is a nearly inconceivable fortune. They are the democrat party base.

[Peter3_1]

These DUfuses don't understand that "money" is a medium of exchange. A medium that, to have VALUE must be earned. They would create a world where inflation might reach 100% A WEEK.