A Four Hundred Dollar Haircut..

A four hundred dollar haircut sounds extreme and extravagant. There is, however, an invisible benefit, the ‘trickle down’ side.

That four hundred dollars did not disappear once collected. More than likely it was used in a multitude of ways that touched more people than would the payment for a twelve dollar haircut. The same can be said for almost all ‘extravagant’ lifestyles. Money enters the economy when spent, the more money spent, the better it drives the economy with possibly one exception. That would be if and when it leaves the country.

All the complaints, the talk show comments, the demanding of explanations, the excuses given are all but example of economic ignorance. Without the rich, nothing happens, making us a third world country. We need the wealthy to spend money, no matter how or what they spend it on, be it a four hundred dollar haircut, a two hundred million dollar house, gold bathroom fixtures or diamond studded teeth.

The problem becomes a problem when the money spent becomes a requirement. Required expenditures can put us all in dire straits. So, you want a four hundred dollar haircut, go for it. Just do not borrow the money to do so.