Saturday, January 19, 2008


If the proposed "tax relief" rebate comes through, would it be unAmerican of me to spend the money overseas? My justification would be that the stinking US economy is making my necessary foreign travel more economically painful, and therefore I need and deserve this relief.

What do you think?


Scott said...

With nearly 2.5 trillion dollars owed to foreign interests a good chunk of your money is going overseas regardless of where you spend it. Besides which, if your travel plans are necessary and already planned, then you're not actually spending anything more on your trip. Think of your cost in Euros rather than dollars and you'll see what I mean.

Magpie said...

Necessary is necessary.

And Scott's right about US money moving overseas anyway...

Do as you please, and as you require.

martykc said...


Money is money. Once they hand it to you, do as you wish.

It's a global economy anyway right?

Interesting that we are thinking of the same subject. :-)


Yarngineer said...

Also, since the dollar is so weak, foreign investment is high in the U.S. So even though you spend your money overseas, money is coming back into the U.S. economy through foreign investment. Just note all the recent bailouts of, er I mean investment in, American investment banks and companies.

Anyway you look at it, it is all circular. The correlation between the economies of the world are tightening. It means we are all increasingly interlinked and interdependent. Making investment diversification much harder.