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is spending patriotic?

suttichart.denpruektham
Posts: 1,115
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5/19/2013 11:24:32 PM
Posted: 3 years ago
Patriotic is generally consider as one who love and support his local nation, either by contribute his effort or scarifies his personal interest.

Under the above concept, can we consider spending money as mush as possible and beyond a patriotic act?

Spending is often the goal of any economic stimulus, when people spend money, they both directly and indirectly create an opportunity and subsequent job. Thus excessive spending from household or private sector is the characteristic of every good economy and healthy nation.

So isn't people who spend money do essentially the same thing as anyone who would love to contribute or scarifies for his nation? Every profit they have paid for goods and services contribute to the strength of their nation, and if they have spend too mush and went bankrupt, isn't that the same thing as sacrificing yourself for your country?

Many men and women who fought and die in war are honored and remember. Those who are debt driven and death never receive the same honor.

Sad?
wrichcirw
Posts: 11,196
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5/20/2013 10:57:44 AM
Posted: 3 years ago
I enjoy your questions, just to let you know, and thank you.

At 5/19/2013 11:24:32 PM, suttichart.denpruektham wrote:
Patriotic is generally consider as one who love and support his local nation, either by contribute his effort or scarifies his personal interest.

Under the above concept, can we consider spending money as mush as possible and beyond a patriotic act?

It depends if this spending results in "sacrificing his personal interest". If it does not, then it is not patriotic, given the above concept.

Spending is often the goal of any economic stimulus, when people spend money, they both directly and indirectly create an opportunity and subsequent job. Thus excessive spending from household or private sector is the characteristic of every good economy and healthy nation.

No, not excessive spending. Excessive spending (by definition of the word excessive) is not conducive to a good economy.

So isn't people who spend money do essentially the same thing as anyone who would love to contribute or scarifies for his nation? Every profit they have paid for goods and services contribute to the strength of their nation, and if they have spend too mush and went bankrupt, isn't that the same thing as sacrificing yourself for your country?

America is a nice example of what you're talking about. Before 2008, we had a housing bubble fueled by "liar loans". These loans essentially allowed people with inadequate income to purchase homes without ANY down payment or deposit, and in some cases actually allowed them to borrow MORE than the worth of the home being purchased. Many of these people never made a single payment on their loan, and just spent whatever money they saved from not paying rent on all kinds of stuff.

When the housing bubble collapsed, these people lost their homes and filed for bankruptcy. All that money they spent is gone, so they did not lose any of it by filing for bankruptcy. By filing for bankruptcy, they didn't lose anything...after all they had nothing invested in their house. More than likely they benefited from bankruptcy, as whatever debts they had were reduced by the bankruptcy.

So, the conclusion I reach is that these people did not sacrifice at all, and instead benefited immensely from profligate spending. This was all encouraged by George Bush...he was very public in his advocacy of "every American buying a home" or something along those lines.

Many men and women who fought and die in war are honored and remember. Those who are debt driven and death never receive the same honor.

Sad?

No.
At 8/9/2013 9:41:24 AM, wrichcirw wrote:
If you are civil with me, I will be civil to you. If you decide to bring unreasonable animosity to bear in a reasonable discussion, then what would you expect other than to get flustered?