Who exactly is “you guys”?
Wasn’t that invented by Al Gore?
European countries tend to have a smaller wealth gap than the U.S. They are not growing as fast as the U.S.
From Google AI:
Compared to the US, European economies are generally growing at a slower pace, with the US experiencing significantly higher GDP growth rates in recent years, indicating that the US economy is expanding faster than most European economies; this gap is attributed to factors like lower productivity growth and a more complex regulatory environment in Europe.
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Reaganomics was Supply Side Trickle down. The tax cuts worked, but we didn’t stop spending.
The U.S. has been alternatively applying Keynesian and supply side economic theory over the years, depending on whether Democrats or Republicans were in control.
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So what?
“Between 2010 and 2023, the cumulative growth rate of GDP reached 34% in the United States, compared with just 21% in the European Union and 18% in the eurozone. This measure of GDP in volume does not depend on changes in exchange rates. Over the same period, labour productivity grew by 22% in the United States and 5% in the eurozone. Europe’s gap with the United States has therefore been clear since the early 2010s and cannot be explained by the difference in growth in the working-age population.“
I disagree with your “belief”. Trump was primarily elected because the working man can not find good t paying jobs, due to many reasons…yet they see CEO’s making more money than god. As the Rand study pointed out, ithe average pay would be almost double if the rate per productivity was the same as iw was from the 1940’s til the late 70’s
We know where that money (wealth) went.
No…he was key in pushing for the commercial internet, but the structure started long before he was in congress…
Slower rate, but a more equitable economy. The demand for high growth is pushed by Wall street. They have far too much power over corporate America.
The spending is what revved up the economy. The economy always does better under Democrats…
The founders did not want kings and queens. Billionaires are today’s royalty. We should call them economic royalists.
Thank you.
Huh?
Is that why they elected one of those very same CEOs? Primarily why?
Hint: trump was primarily elected because the country was sick of the leftward lurch we’ve been on for the past 4 years.
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Wrong. Believe what you need to.
POP QUIZ:
Q. What happens to the stock market (and therefore the wealth of people who own stock), when the Fed cuts rates?
A. The stock market goes up. Ergo the wealth of “the haves” goes up.
Q. What happens to the real estate prices (and therefore the wealth of people who own real estate), when the Fed cuts rates?
A. Real Estate Values go up. Ergo the wealth of “the haves” goes up.
Q. What happens to value of all the assets “the haves” have when the Fed cuts rates?
A. The value of all assets goes up. Ergo the wealth of “the haves” goes up.
Okay last question.
Q. Over the past 40 or so years has the Fed been moving rates up, down, up, down?
A. Hell no. And if you have been paying attention you’d know this.
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The Point?
Wealth disparity has been increasing.
and it’s not because of corporate greed,
and it’s not because of racism,
and it’s not because Donald Trump hates puppies.
It is because of misguided Fed policy.
btw they lower interest rates BECAUSE they think it helps the working class.
This problems, like all the rest is not caused by the free market.
It is, yet again, caused by libs forcing their misguided ideas down other people’s throats.
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There is no such thing as the “free” market.
Are you saying you don’t know what it means?
Or that Joe Biden and all the leaders of europe and all the mainstream economists and ll the jouralists who have been using the term for the past decades (centures) are really stupid and only you undertand the truth?
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When I go to google and search
“free market” site:.gov
I get over 12,800,000 hits.
Thatsure is a lot of times that your governmnt is referring tosomting you say does not exist. If the government is that wrong, why should we trust them?
Ohh, and 15,900,000 hits when I search atsite: .edu sites. Wos there sure are a lot of wrong people at universities.
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Yes, the words are everywhere…here is s little history
Someone is always dictating the rules of commerce. Go back to the late 1800’s, with the industrial revolution growing, government pretty much stayed out of what businesses could do.
There was no corporate tax, state or federal until 1909. More states starting taxing them as well later on. But there were very few regulations. There were SCOTUS decisions that called child labor laws unconstitutional, and labor unions were rare. Not a very good time for most Americans.
There was no such thing as a middle class. That was created by government in the 1930’s and really took off after WW2.
All of this is part of how an economy is managed. So are taxes.
Unless you eliminate all regs, and taxation of corps, the market is not “free”.
I think you understand the concept just fine that neither I nor anyone else means
“anarchy market.”
It appears you were trying to dodge the fact:
Fed policy (and other misguided Lib policies) not greed etc. are behind the growth in wealth disparity.
