The Three Ways to Spend Money

Wajoma

Die Cheeseburger

Debates

30 Oct 10

Wajoma

Die Cheeseburger

Provocation

Joined: 01 Sep 04
Moves: 78933

30 Oct 10

1. Spend your money on yourself.
2. Spend your money on someone else.
3. Spend someone elses' money on someone else.

Which of these three generally results in the most efficient way to spend money and which is the worst, can they be applied to everyday examples.

Barts

Joined: 06 Aug 06
Moves: 1945

30 Oct 10

If you would have called it "Three ways to spend money" we could have agreed, unfortunately you felt the need to add "The".

Wajoma

Die Cheeseburger

Provocation

Joined: 01 Sep 04
Moves: 78933

30 Oct 10

Originally posted by Barts
If you would have called it "Three ways to spend money" we could have agreed, unfortunately you felt the need to add "The".

Well break it out Bart, what are the other ways of spending money.

Teinosuke

Joined: 13 Mar 07
Moves: 48752

31 Oct 10

Originally posted by Wajoma
Well break it out Bart, what are the other ways of spending money.

4. Spend someone else's money on yourself.

Wajoma

Die Cheeseburger

Provocation

Joined: 01 Sep 04
Moves: 78933

31 Oct 10

Originally posted by Teinosuke
4. Spend someone else's money on yourself.

Haha, yep nice one, thought there was one more.

Sartor Resartus

Joined: 18 May 09
Moves: 3183

31 Oct 10

Originally posted by Teinosuke
4. Spend someone else's money on yourself.

That's way of politicians the world over.

Great Big Stees

Joined: 14 Mar 04
Moves: 186449

31 Oct 10

kmax87

Republicant Retiree

Blade Runner

Joined: 09 Oct 04
Moves: 107159

31 Oct 10

Originally posted by Wajoma
Which of these three generally results in the most efficient way to spend money and which is the worst, can they be applied to everyday examples.

NOTA.

Best and most efficient way is to allow government the ability to control the way that Wajoma spends his money, making sure that his monetary activity does not disturb the bigger picture of really cool capital normalization and general economic levelling...😛

highdraw

Joined: 06 May 10
Moves: 4146

31 Oct 10

1. is really the only morally sound way.... probably most prudent as well

Great Big Stees

Joined: 14 Mar 04
Moves: 186449

31 Oct 10

Originally posted by highdraw
1. is really the only morally sound way.... probably most prudent as well

exactly.

John W Booth

Joined: 09 Oct 10
Moves: 278

31 Oct 10

1 edit

Originally posted by Wajoma
1. Spend your money on yourself.
2. Spend your money on someone else.
3. Spend someone elses' money on someone else.

Which of these three generally results in the most efficient way to spend money and which is the worst, can they be applied to everyday examples.

For virtually all economic activity - consumerism, investment and entrepreneurship - No.1

For government services, institutions, collective roles and infrastructure - No.3

For charitable activity and political activism - No.2

The crux of No.3 - the political debate, essentially - is the how much, the who for, the why, and the does it work?

I am OK with that.

But as a staunch conservative I favor restraint in terms of No.3 and privatisation - or public-private initiatives at the very least - whenever possible.

Barts

Joined: 06 Aug 06
Moves: 1945

31 Oct 10

Originally posted by Wajoma
Well break it out Bart, what are the other ways of spending money.

You have completely forgotten to include the kind of goods your spending money on.

Wajoma

Die Cheeseburger

Provocation

Joined: 01 Sep 04
Moves: 78933

31 Oct 10

1 edit

Originally posted by Barts
You have completely forgotten to include the kind of goods your spending money on.

I'm going to restart the thread with the the number 4. So how does what you spend money on alter these 4 criteria.

Edit: Maybe an example?

Barts

Joined: 06 Aug 06
Moves: 1945

31 Oct 10

Spending on common goods ?

Wajoma

Die Cheeseburger

Provocation

Joined: 01 Sep 04
Moves: 78933

31 Oct 10

Originally posted by Barts
Spending on common goods ?

A person can put their own value on that good, what it is worth to them, then we can work out what it has cost them then place those into one of the four catergories.