Maybe a similar thread has been made, but I didn't see it.
Between buying a paint "gun" last week and today finding myself spending the equivalent of the rest of our "stimulus check" on a welding "gun" [I finally remembered why I hid my welding torch from myself & left the cutting head on instead: it had erroded the metal around the o-rings and was going to make a "BigBang" if used], found myself wondering if my guess last spring was correct:
Probably 99% of the money wouldn't be spent on things that truely stimulate national wealth [of course, that's assuming my tiny understanding/opinion of national ecconimics is even remotely correct]. My take is that unless the bulk of the "value added" portion of a product occurs domestically, it is essentially doesn't provide long term impact to increasing national wealth [i.e. retail money spent on imports: money exchanges hands with importors/shippers ect, but no wealth is actually created]. Not to mention, like "tax credits" said money is nothing but money the Federal Government created on "paper" rather than any true wealth in the first place [but I wasn't sending it back either! ].
And moreso curious in general.
Anyway, regardless of reality verses my take on economics, "What did you spend your check on?" No finger pointing, over-analyzing, etc.: civil discussion only please.
Between buying a paint "gun" last week and today finding myself spending the equivalent of the rest of our "stimulus check" on a welding "gun" [I finally remembered why I hid my welding torch from myself & left the cutting head on instead: it had erroded the metal around the o-rings and was going to make a "BigBang" if used], found myself wondering if my guess last spring was correct:
Probably 99% of the money wouldn't be spent on things that truely stimulate national wealth [of course, that's assuming my tiny understanding/opinion of national ecconimics is even remotely correct]. My take is that unless the bulk of the "value added" portion of a product occurs domestically, it is essentially doesn't provide long term impact to increasing national wealth [i.e. retail money spent on imports: money exchanges hands with importors/shippers ect, but no wealth is actually created]. Not to mention, like "tax credits" said money is nothing but money the Federal Government created on "paper" rather than any true wealth in the first place [but I wasn't sending it back either! ].
And moreso curious in general.
Anyway, regardless of reality verses my take on economics, "What did you spend your check on?" No finger pointing, over-analyzing, etc.: civil discussion only please.