Received an email from my mum, which I thought was really funny! Just shows how global our economy is…. but then again.. dun really agree with it. America is of course the fore-runner in R&D… so maybe the money should be invested in R&D. But then they are faced with another problem of how the money is to trickle down to the ordinary folks. This problem is faced everywhere. The greater a country’s prosperity, the greater the inequality. Advanced countries need an advanced labour force to support it. This will inevitably sideline the people who cannot upgrade themselves… (boy.. now I sound like PAP)
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As you may have heard, the Bush Administration announced recently that
almost every US taxpayer will get a nice rebate check soon from the U.S. Government: $300 to $600 for individuals, and another $200 for each dependent child.
The declared purpose of this rebate is to stimulate the American economy when we all go out and spend it. However, if we spend that money at Wal-Mart, all the money will go to China.
If we spend it on gasoline, it will all go to the Arabs. If we purchase a computer it will all go to India, and if we purchase HD TV’s, stereos, or other electronic crap, the money will all go to Taiwan. If we purchase a good car, it will all go to Japan or Korea or Germany. Shoe and clothing purchases will go to China, Indonesia , or Viet Nam. Even if we buy food, the fruit and vegetables proceeds will all go to Mexico, Honduras, and Guatemala, and beef proceeds will go to Argentina — and of course, none of it will help the American economy! We need to keep that money here in America! So the only way to keep that money here at home is to spend it on prostitutes and liquor, since these are, apparently, the only businesses still left in the US.
Go USA. I guess Elliot Spitzer was just a little ahead of his rebate….
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