USA: What are you going to do with your rebate check?

[Thardy]

Many folks won't get one. 🙁

 

[SolaresLarrave]

My wife wants me to put it in the house. I want to put it in savings. Either way... it won't go into the economy. In fact, I feel a bit slighted about it. Do the powers that be think the citizens are that stupid and can be "convinced" that everything is honky-dory once there is a check in the mail? 😕

 

[foto_fool]

Oh yes, let's have more tax cuts. (In case it's lost on anybody, I'm being totally facetious - but let's not turn this into an overtly political thread just yet.)

I think rogue_designer said it first, but I'm taking mine and moving it into an overseas China-India growth fund, along with the rest of my retirement and the kids' college money. Thanks for the memories, Wall Street.

 

[Al Kaplan]

I'm single. Maybe I'll buy myself wife. I need somebody around here to keep reminding me that I don't need another lens (when that money could be better spent on shoes).

 

[jbf]

Hmm... I pay taxes but I dont think I qualify? i dont know... I'll have to talk to my financial advisor.

 

[Doug]

As suggested in posts #1 & #8, this would be just right for a new 35/1.4 Nokton and hood. Hmmm! Even if put into savings, that contributes to the economy too, as the savings institution puts that money to work as loans or other investments.

 

[David Murphy]

If you make more than 75K you won't get a refund check -- you're considered "rich"

 

[jbf]

Anyone have any idea as to what constitutes getting a rebate check?

Obviously if your too 'rich', etc. heh.

 

[rxmd]

Er, I'm not from the US and I haven't been following this. Does every citizen get $50 shuffled over from the government's already considerable debt to alleviate his personal debt? Do you have to pay income tax on it?

Not only does this sound quite a bit like "bread and games", it also seems to make no sense at all economically.

Philipp

 

[kully]

I'm with Philipp, I don't understand this. How much is the average person likely to get?

And George really said spend it on stuff for yourself and help us beat recession?

 

[rover]

http://www.usatoday.com/money/economy/2008-01-24-stimulus_N.htm

 

[rxmd]

I see, so you get a tax rebate between $300 for a relatively poor single and $1200 for a moderately affluent married couple, plus extra $300 per child, if you earn less than $75,000 or $150,000 respectively.

Two problems. Firstly people in that bracket are likely to have lots of debt, so it's in reality a reshuffling of debt from private households to the state. Secondly people are likely not only to blow their rebates out of the window, but also to blow them on imported products which means spending government money to further increase the US trade deficit. On the positive side, people get the positive stimulus that their government is caring about them and doing something about the economic crisis. I am not sure how much sense this makes all in all though.

Philipp

 

[rover]

I am not sure how much sense this makes all in all though.

In the end, that is what matters least really, if it makes sense to you or me that is.

On a lighter note, we have also applied for rebates from the governments of Germany, Japan, China..... France said no immediately, and if George once again pulls out that nekkid picture of the Queen I am sure the UK will pony up....

 

[whitecat]

$300 Bucks? Hey, I can afford the Noctilux I've always wanted now! Thanks Mr. Bush!

 

[Solinar]

Two problems. Firstly people in that bracket are likely to have lots of debt, so it's in reality a reshuffling of debt from private households to the state. Secondly people are likely not only to blow their rebates out of the window, but also to blow them on imported products which means spending government money to further increase the US trade deficit......

I am not sure how much sense this makes all in all though.

Philipp

I'll be one of those that reshuffles debt from a private household to the state. In so far as imports are concerned, the only way to avoid that is to spend the money on food or medicine. Third, it's an election year - recessions are not supposed to occur in election year - so a temporary sugar fix is in.

 

[rover]

In so far as imports are concerned, the only way to avoid that is to spend the money on food or medicine.

Don't forget beer.

 

[Solinar]

I will get enough for a railroad charter event in NM in october, so maybe I'll go stimulate the economy of Chama, NM.

That's a great way to stimulate the economy. Be sure to take lots of photos of the fall foliage while your on the narrow gauge and post them here.

The drive between La Veta and Trinidad is also splendid during October.

 

[Sparrow]

In the end, that is what matters least really, if it makes sense to you or me that is.

On a lighter note, we have also applied for rebates from the governments of Germany, Japan, China..... France said no immediately, and if George once again pulls out that nekkid picture of the Queen I am sure the UK will pony up....

Annie Leibovitz tried that……..couldn’t even get the crown off

😉

 

[Solinar]

Sitemystic is on to something, folks.

 

[Sparrow]

George has a plan; what could possibly go wrong?

I just worry about how much post recessionary planning has been done, he won’t want it to go wrong afterwards
:angel: