Originally Posted by
labbats
In the two scenarios you mentioned the companies you invest in will have more money to reinvest in their business and employees and so will the mortgage lender.
The economy benefits regardless.
It's a tiny little trickle, not even close to a full benefit. And if companies were actually reinvesting in their employees and businesses with their money, as opposed to their stockholders, management and cash on hand, the economy would not be as stagnated as it has been.
Originally Posted by
WhiskeyDelta
So what happens after you pay off your mortgage? My guess is you'll find ways to spend your higher available discretionary income.
It's going to be a long time before I can pay off my mortgage. I will probably be retired by then, and my income will go way down.
Hey, I'm all for a tax cut, I'd like the money. But I doubt that many people will profit from my tax cut, besides me.
The reality is, over the years, the people at the top have gotten much richer (including me, which I do appreciate). The angry people in the middle and below have not gotten the gains, nor will they, in this administration, in my opinion.