Zeev's Turnips Patch-No Politics (ZEEV)

[lee kramer]

brightness: <For example, if both of us were in the market for a house; if I get $1 mil cash from the government, I can outbid you, I get my house and you are outbid and get nothing.> Maybe. Maybe you get stuck in traffic and I get there first and buy the house with the CD's I cashed in. Maybe you have to find another house. Or maybe you get there first and buy it. And I have to buy another house. Now we have two houses bought and sold, two broker commissions, maybe two capital gains taxes paid by the sellers. Maybe the sellers each buy another home. Maybe I, depressed 'cause I lost the house to you, go out and buy three Ferrari's, a geodesic dome, an RV, four English sheep dogs, two hookers and a pair of pear trees. Baby, you and I have got the local economy humming, moving again. Multiply our antics by a thousand, by a hundred thousand, by a million or two. We got action, we got maybe the start of a recovery. And the government that gave you that million will get it back over the course of the expansion in the form of taxes. and if they listen to Keynes they'll retire that 1 million debt, pay it off. [They won't of course, but that's another problem for another day.]