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Mark Cuban makes some sense

ferris1248ferris1248 Posts: 7,237 Moderator

During a Verizon Media special event, RESET YOUR MINDSET AT WORK, Cuban explained that "the primary reality is no business can survive without sales. And two-thirds of the economy is consumer-generated demand” — which is not functioning with many out of work and stuck at home.

The "Shark Tank" investor and Dallas Mavericks owner added that “we've got to get to a scenario where consumers have enough confidence to go out there and spend money."

https://finance.yahoo.com/news/mark-cuban-proposes-use-it-or-lose-it-debit-card-as-coronavirus-stimulus-135928871.html





"What fools can not control, they will attempt to destroy."

RJG

"That which is hateful to you, do not do to your fellow. That is the whole of the law. The rest is commentary."

Rabbi Hillel (c20 BCE)

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Replies

  • kellerclkellercl Posts: 5,343 Admiral
    He nailed it.


    “When you're good at something, you'll tell everyone. When you're great at something, they'll tell you.”

    -Walter Payton
  • treemanjohntreemanjohn Posts: 4,407 Captain
    These are the rainy days old folks told us to save for. No one listened. Cutting back to only essentials and saving money will help the United States population immensely 
    We’re like the piggy bank that everybody is robbing, and that ends President Trump
  • Mackeral SnatcherMackeral Snatcher Posts: 11,379 AG
    Sounds like common sense to me.
    THERE SHOULD BE NO COMMERCIAL FISHING ALLOWED FOR ANY SPECIES THAT IS CONSIDERED OVERFISHED.
  • dave44dave44 Posts: 10,845 AG
    By the title I am wondering, is someone suggesting that the government gives away free gobs of cash to anyone that will spend it in an effort to help private business?
        
        I’m not sure that’s really using “common sense”, actually it sounds like someone may be pushing for a soft sell on socialism.
        There must be Conservative capitalists out there with a better idea than this.
  • johnpowersjohnpowers BayPosts: 2,898 Captain
    Money grows on trees. 
  • TarponatorTarponator Under a BridgePosts: 16,985 AG
    edited May 29 #7
    Cuban is the type guy that I would vote for.  Tied to fact, pragmatism and ideals rather than political wind.  
  • dave44dave44 Posts: 10,845 AG
    Cuban is the type guy that I would vote for.  Tied to fact, pragmatism and ideals rather than political wind.  
    By that definition you have never voted.
  • TarponatorTarponator Under a BridgePosts: 16,985 AG
    For the current dunce who doesn't practice any of them, you're right.
  • dave44dave44 Posts: 10,845 AG
    It’s dunce’S.
  • TarponatorTarponator Under a BridgePosts: 16,985 AG
    Not really, but it's "dunces".  That word is not possessive.
  • cadmancadman Home of the Gators Posts: 31,081 AG
    dUnces

    Mini Mart Magnate

    This forum is carbon based lifeform friendly. 

  • dave44dave44 Posts: 10,845 AG
    Not really, but it's "dunces".  That word is not possessive.
    I was trying to point out the plural. 
        But that’s where your blinders are.
  • TarponatorTarponator Under a BridgePosts: 16,985 AG
    Sure you were.  That's why you used the possessive and then capitalized it too.

    Have you considered running for office?  lol
  • dave44dave44 Posts: 10,845 AG
    Sure you were.  That's why you used the possessive and then capitalized it too.

    Have you considered running for office?  lol
    Every day, multiple times a day, you live up to our low expectations of you. Nicely done, yet again.
  • TarponatorTarponator Under a BridgePosts: 16,985 AG
    It's always better to be underestimated, Dave, and if you held me in high regard I would really be concerned.

    Bye.
  • conchydongconchydong Pompano BeachPosts: 6,407 Admiral
    I guess Cuban's proposal is better than just giving a check. My wife and I are both retired and didn't need the stimulus check they sent us last go round. We just put it in the savings account and will spend it when things open up and we go on vacation. We didn't go out to eat in restaurants too much before the virus except for take out on occasion so our lives haven't changed that much.
    If they sent a debit card, I will blow it on stuff I don't need just to spend it on the economy. I guess I will buy King Crab legs, Prime steaks and expensive whisky. Not sure if it is the best thing but maybe for many in shoes other than mine it will help them. I don't have the answers and nobody else does either.

    “Everyone behaves badly--given the chance.”
    ― Ernest Hemingway

  • ferris1248ferris1248 Posts: 7,237 Moderator
    I guess Cuban's proposal is better than just giving a check. My wife and I are both retired and didn't need the stimulus check they sent us last go round. We just put it in the savings account and will spend it when things open up and we go on vacation. We didn't go out to eat in restaurants too much before the virus except for take out on occasion so our lives haven't changed that much.
    If they sent a debit card, I will blow it on stuff I don't need just to spend it on the economy. I guess I will buy King Crab legs, Prime steaks and expensive whisky. Not sure if it is the best thing but maybe for many in shoes other than mine it will help them. I don't have the answers and nobody else does either.

    Exactly. Some on here seem to miss the point he's making. When you spend as you say, you're creating jobs. Jobs create income. Income creates taxes.
    "What fools can not control, they will attempt to destroy."

    RJG

    "That which is hateful to you, do not do to your fellow. That is the whole of the law. The rest is commentary."

    Rabbi Hillel (c20 BCE)

  • dave44dave44 Posts: 10,845 AG
    I guess Cuban's proposal is better than just giving a check. My wife and I are both retired and didn't need the stimulus check they sent us last go round. We just put it in the savings account and will spend it when things open up and we go on vacation. We didn't go out to eat in restaurants too much before the virus except for take out on occasion so our lives haven't changed that much.
    If they sent a debit card, I will blow it on stuff I don't need just to spend it on the economy. I guess I will buy King Crab legs, Prime steaks and expensive whisky. Not sure if it is the best thing but maybe for many in shoes other than mine it will help them. I don't have the answers and nobody else does either.

    Exactly. Some on here seem to miss the point he's making. When you spend as you say, you're creating jobs. Jobs create income. Income creates taxes.
    True, but it’s not organic, besides trying to soften the resolve of humanity by enticing everyone to depend on government largesse, it feels like a “perpetual motion clock”.

         But a perpetual motion clock has never been proven it can work, the next thing you know there is always another reason to prime the pump, and the nation falls further in debt.
       Seems like a bad business model to me, but Uber rich guys don’t seem to think the government might not be able to squeeze out some more cash, because it won’t hurt them, they already have theirs.              Until the government model changes.
  • ferris1248ferris1248 Posts: 7,237 Moderator
    dave44 said:
    I guess Cuban's proposal is better than just giving a check. My wife and I are both retired and didn't need the stimulus check they sent us last go round. We just put it in the savings account and will spend it when things open up and we go on vacation. We didn't go out to eat in restaurants too much before the virus except for take out on occasion so our lives haven't changed that much.
    If they sent a debit card, I will blow it on stuff I don't need just to spend it on the economy. I guess I will buy King Crab legs, Prime steaks and expensive whisky. Not sure if it is the best thing but maybe for many in shoes other than mine it will help them. I don't have the answers and nobody else does either.

    Exactly. Some on here seem to miss the point he's making. When you spend as you say, you're creating jobs. Jobs create income. Income creates taxes.
    True, but it’s not organic, besides trying to soften the resolve of humanity by enticing everyone to depend on government largesse, it feels like a “perpetual motion clock”.

         But a perpetual motion clock has never been proven it can work, the next thing you know there is always another reason to prime the pump, and the nation falls further in debt.
       Seems like a bad business model to me, but Uber rich guys don’t seem to think the government might not be able to squeeze out some more cash, because it won’t hurt them, they already have theirs.              Until the government model changes.

    He never said do it forever. But do it in place of just indiscriminately handing out checks and cash that go into savings accounts or under the mattress. Force the people to spend it or lose it.
    "What fools can not control, they will attempt to destroy."

    RJG

    "That which is hateful to you, do not do to your fellow. That is the whole of the law. The rest is commentary."

    Rabbi Hillel (c20 BCE)

  • dave44dave44 Posts: 10,845 AG
    There’s got to be a better way though. 
       I’m sure most people got part of the last 3 trillion? Many people had absolutely no need for that! 
        People working from home, no loss. 
         People retired and comfortable on their pensions, retirement, savings.
         People who feel no pinch other than staying at home.

      What a waste.
        But the reason is equal treatment in America. It’s a Great thing but it can be used against us too.
         
  • ferris1248ferris1248 Posts: 7,237 Moderator
    I agree. Cuban is saying make those who don't need it spend or lose it instead of putting it away.

    This was a rapidly developed program to counter a rapidly developing process there was no plan for. 
    "What fools can not control, they will attempt to destroy."

    RJG

    "That which is hateful to you, do not do to your fellow. That is the whole of the law. The rest is commentary."

    Rabbi Hillel (c20 BCE)

  • johnpowersjohnpowers BayPosts: 2,898 Captain
    Even if you put the money into a savings account it is still being used. It ain’t sitting on a shelf waiting for you to spend it. 
  • ferris1248ferris1248 Posts: 7,237 Moderator
    Even if you put the money into a savings account it is still being used. It ain’t sitting on a shelf waiting for you to spend it. 
    JP, you know exactly what he means. The money needs to be forced back into the economy.
    "What fools can not control, they will attempt to destroy."

    RJG

    "That which is hateful to you, do not do to your fellow. That is the whole of the law. The rest is commentary."

    Rabbi Hillel (c20 BCE)

  • johnpowersjohnpowers BayPosts: 2,898 Captain
    edited May 30 #25
    Loans do help the economy. And have you noticed the ridiculously low interest rates?
     And probably do more good than purchasing some Chinese made junk. 
  • ferris1248ferris1248 Posts: 7,237 Moderator
    What does that have to do with forcing the people to spend the money instead of saving it?
    "What fools can not control, they will attempt to destroy."

    RJG

    "That which is hateful to you, do not do to your fellow. That is the whole of the law. The rest is commentary."

    Rabbi Hillel (c20 BCE)

  • Big BatteryBig Battery Posts: 20,209 AG
    Businesses have to stop requiring masks and separation....they only promote thecfear that is harming their business.

    Remember, Amazon and all media dont care about your fear and actually thrive on your fear.

    Who gains from fear?
  • spanglerspangler daBurgPosts: 2,709 Captain
    edited May 30 #28
    Even though I've gone without work for sometime, I haven't applied for unemployment, even though I would easily qualify.  I'm one of those that listened when told you should have 6 months to a year's worth of reserves for living expenses.  I have more so I haven't been worried at all.
    Why aren't businesses expected to do the same?  I personally don't want to pay taxes to bail them out when they aren't held to the same expectation of savings that I am.
    There will never be a really free and enlightened state until the state comes to recognize the individual as a higher and independent power, from which all its own power and authority are derived.
  • TarponatorTarponator Under a BridgePosts: 16,985 AG
    edited May 30 #29
    Businesses have to stop requiring masks and separation....they only promote thecfear that is harming their business.

    Remember, Amazon and all media dont care about your fear and actually thrive on your fear.

    Who gains from fear?
    It's not really fear that's driving business to take prudent steps to slow the spread -- it's prudence.

    As for who gain from their efforts, that's easy: The people who don't contract and/or die from the disease as a result.

    But I know that Amazon and the MSM are your boogey men, and you think everything is about wrecking the economy and swaying an election, so please continue -- but I think you left out the Chinese.
  • spanglerspangler daBurgPosts: 2,709 Captain
    edited June 1 #30
    .
    There will never be a really free and enlightened state until the state comes to recognize the individual as a higher and independent power, from which all its own power and authority are derived.
  • joelunchbucketjoelunchbucket Posts: 436 Deckhand
    As for who gain...... 

    Who polices the grammar police?

    He’s been on a roll here lately! LOL


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