Replies to post #101855 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I don't have answers to all questions. Why don't you attempt answering the same questions? That my open a discussion with people having different opinions on the subject.



Zeev

[brightness]

Re: Jobs

If housing price can be made to be 15x the average annual income, and the realtor's fee stays at 6%, and people continue to move once every 10 years on average, fully 10% of the population can be employed in the real estate industry. The 5 points spread between overnight rate and 30-yr mortgage can provide another 35% of population jobs in the banking industry. The 1.5% collected by the town in real estate tax can yield another 15% employment in local government jobs. The remaining 40% of the population are not looking for jobs. Voila! 0% unemployment rate. Ain't "GDP" great?

Of course, all this presume the poor Indians and Chinese keep sending us goods in exchange for our paper.

[goodluck]

<<2) Where are the US jobs to support this going to come from

No one ever answers me about jobs.>>
Just follow our Leader's logic: if you cut taxes by his full $770b, jobs will appear. And if you cut them by $1.4b, twice as many jobs will appear. the dearth of jobs is due to the "itty bitty" tax cutters in congress, according to Mr. Bush.

Not my opinion--I'm just repeating his economic logic.