Posted on 09/02/2014 6:02:44 PM PDT by Red in Blue PA
My penny jar is nearly full
Guilty, in a sense. I am keeping my spending to an absolute minimum for the past five years and the next three years. I’ll spend again when that evil, anti-American druggie is out of our White House and my spending will not help to fund his destruction of what used the the best hope for freedom on earth. I’ll spend aggressively once a decent person is inaugurated, but not until then. So, yes, I’m “hoarding” by their standards. I’m making my personal decisions for political reasons, and my decision is a firm “no”.
A second data point emerges. The first was a 5x increase in the 'fees' associated with renouncing citizenship. This is a small but significant erection of a financial Berlin Wall.
This second data point is the introduction of the concept that savers (and eventually, preppers) are 'hoarders' to be shamed and eventually raided.
The conversion of the United States to the Soviet States of America is progressing nicely.
The rubbish coming out is wrong in so many ways I just don’t know where to start.
i used to have money to hoard, back in the 90’s
now i’m in danger of defaulting on my loans if my paycheck is a few days late.
Hoarding is good because it means the money has perceived value. As for the big banks, they don't hoard money. The Fed gives them gobs of money, then they send it out in various ways that don't help the economy. They basically play short term speculative games with the money that results in small booms and busts (or large ones like summer 2008). The larger the boom and bust the worse off the rest of us end up. Hence the Fed policy is bad for the rest of us when it works (fortunately it does not). The main result of that policy is that the people that run the big banks get very wealthy. But they are not hoarders either. They send the money out to the same speculative investments that they do at their day jobs at the big banks. A lot makes its way into the stock market.
What idiots. When hamburger is $4/# and gas is $3.50/gal., the Middle Class family is not hoarding but simply spending most of their money on basics. Add in the insurance and tax inflation, and there’s nothing left to” hoard.”
BTW it wasn't long ago that "economists" were wailing that growth required an increase in the savings rate. Savings, hoarding. WTF?
I guess “saving” is now known as “hoarding.”
U.S. Hikes Fee To Renounce Citizenship By 422%
Over the last two years, the U.S. has had a spike in expatriations. It isn’t exactly Ellis Island in reverse, but it’s more than a dribble. With global tax reporting and FATCA, the list of the individuals who renounced is up. For 2013, there was a 221% increase, with record numbers of Americans renouncing. The Treasury Department is required to publish a quarterly list, but these numbers are under-stated, some say considerably.
The presence or absence of tax motivation is no longer relevant, but that could change. After Facebook co-founder Eduardo Saverin departed for Singapore, Senators Chuck Schumer and Bob Casey introduced a bill to double the exit tax to 30% for anyone leaving the U.S. for tax reasons. That hasn’t happened, but taxes are still a big issue for many.
http://www.forbes.com/sites/robertwood/2014/08/28/u-s-hikes-fee-to-renounce-citizenship-by-422/
I’m hoarding a little myself. Being able to move quickly at a time like this is prudent. I don’t care if I’m not getting much interest.
And those economists are correct.
people are hoarding money
nope it’s those CONSUMERS....../s
Notice when the economy struggles or fails it is always the fault of the consumer and never the bastards in DC.
I know the mechanics. They are not putting the money into Main Street. As far as I’m concerned parking it with a prop desk to buy share in corporations who in turn borrow money to buy their shares back instead of expanding,r&d, and hiring is hording.
The author of this piece who states the consumer needs to return after seeing not only their incomes drop but their jobs leave for other parts of the world and their healthcare and basic day to day expenses such as food go through the roof needs to be bit$$ slapped.
By calling accumulating savings “hoarding money” the feral government will be able to claim that it is helping the poor when it confiscates it.
I had a big bucket of coins. It was a big bucket.
Had it on my boat the night it sank.
I am not having very good luck with boats.
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