Kuwait gave almost $4,000 to every citizen in 2011, what were the results?

UncleBuck

UncleBuck

Well-Known Member
ginwilly said:
Stalker loser boy can't even explain trickle down, so once again, I will ignore any participation of yours in an economic discussion.

How much profit has the federal reserve made off of quantitative easing? How much did they make off of tax cuts?

You are too juvenile to understand economics, yet too dumb to realize it so you continue to embarrass yourself in these threads.
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that's quite the FAILOL from the guy who simultaneously supports trickle down and opposes trickle down.
 
ginwilly

ginwilly

Well-Known Member
UncleBuck said:
that's quite the FAILOL from the guy who simultaneously supports trickle down and opposes trickle down.
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I support letting people keep more of the money they earn. I don't support printing new money to loan to banks on the backs of taxpayers.

Tell us what trickle down economics means to you? You seem really lost in these discussions.

What are the Feds plans to ease the easing? What are the plans for forced "contained" inflation and what will that do to the dollar? What is the target inflation and why aren't food, utilities and gas included in inflation numbers?

How are you such at an expert at so many things yet still such a failure at life?
 
heckler73

heckler73

Well-Known Member
ginwilly said:
I support letting people keep more of the money they earn. I don't support printing new money to loan to banks on the backs of taxpayers.

Tell us what trickle down economics means to you? You seem really lost in these discussions.
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Who gives a shit about that...the thread is about the counter-intuitive results of a GIS.
How many more times are we going to need to see the results of these "experiments" before the policy becomes a tenet of 21st century governance and capitalism? If we are going to continue using GDP as the magical metric by which an economy is judged to grow, then feed the damn plant when the soil is tapped.
 
UncleBuck

UncleBuck

Well-Known Member
ginwilly said:
I support letting people keep more of the money they earn. I don't support printing new money to loan to banks on the backs of taxpayers.

Tell us what trickle down economics means to you? You seem really lost in these discussions.

What are the Feds plans to ease the easing? What are the plans for forced "contained" inflation and what will that do to the dollar? What is the target inflation and why aren't food, utilities and gas included in inflation numbers?

How are you such at an expert at so many things yet still such a failure at life?
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all i heard in my mind when reading that was a bunch of fart noises.
 
ginwilly

ginwilly

Well-Known Member
UncleBuck said:
ginwilly tried to defend and explain trickle down in the past. it was a good idea when a republican did it, just not when the fed did it under obama (not even in obama's control).
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So what the fed is doing under Obama is the same as what Reagan did?

You wonder why we think you're an economic illiterate...
 
UncleBuck

UncleBuck

Well-Known Member
ginwilly said:
So what the fed is doing under Obama is the same as what Reagan did?

You wonder why we think you're an economic illiterate...
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so does the principle of trickle down only work when you give the wealthy more money one way and not the other?
 
NLXSK1

NLXSK1

Well-Known Member
Padawanbater2 said:
http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/164828/reftab/36/Default.aspx

Summary: Decision is made to give everyone the equivalent of almost half a basic income for a year (possibly more than half with food included). Concerns are raised about inflation and businesses raising their prices. Complaints are made about giving money to people instead of investing in infrastructure.

http://248am.com/mark/kuwait/what-are-you-doing-with-your-kd1000/

Summary: This comment section could exist at the bottom of any article about basic income. Some people are already planning what to spend it on, which includes stuff from iPads to education. Some fear what others will spend it on, like travel instead of local goods and services. Fears of inflation are expressed, as well as opinions that giving money away instead of investing in infrastructure is stupid. Someone claims the money will amount to effectively zero after banks absorb it. Someone wants to refuse the money because it's wrong.

http://www.oxfordbusinessgroup.com/economic_updates/kuwait-keeping

Summary: Instead of rising, inflation dropped. Food prices were worrisome (although greatly affected at this time by global factors http://www.worldbank.org/foodcrisis/foodpricewatch/april_2011.html). Housing cost rises did not accelerate and instead slowed down. GDP growth estimates looked good but not great. Overall, things looked good.

http://www.kuwait.nbk.com/InvestmentAndBrokerage/ResearchandReports/$Document/GCCBriefs/en-gb/MainCopy/$UserFiles/NBKGCCBriefKuwaitmacro201203E.pdf

Summary: GDP was better than expected. Inflation slowed. Consumer spending was strong. With an estimate of 1.7 billion in contribution to GDP, this is 0.6 billion more than the grant cost, reflecting a possible multiplier effect.

http://www.marcopolis.net/economy-of-kuwait-in-2012-growth-diversification-inflation-2806.htm

Summary: Economy still looks good. Inflation not an issue.


TL;DR - Overall Conclusions:

-Kuwait announces plan to give every citizen about $4,000 USD.
-People scream the sky will fall in the form of massive inflation.
-Money and food is distributed.
-Sky actually clears up as inflation goes down.
-Strong consumer spending leads to increased GDP growth.
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Where did the money come from??
 
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