- cross-posted to:
- [email protected]
- cross-posted to:
- [email protected]
To be clear: this isn’t the “we stopped paying promised grant money” but is literally the federal government yanking money out of an NYC bank account.
To be clear: this isn’t the “we stopped paying promised grant money” but is literally the federal government yanking money out of an NYC bank account.
Lower taxes increase GDP growth. It has been working like a charm.
America’s economic outperformance is a marvel to behold
"In 1990 America accounted for 40% of the nominal GDP of the G7, a group of the world’s seven biggest advanced economies, including Japan and Germany. Today it accounts for 58%.
America’s outperformance has translated into wealth for its people. he ultra rich have indeed done ultra well. But most other Americans have done pretty well, too. Median wages have grown almost as much as mean wages. A trucker in Oklahoma can earn more than a doctor in Portugal. The consumption gap is even starker. Britons, some of Europe’s best-off inhabitants, spent 80% as much as Americans in 1990. By 2021 that was down to 69%."
Increasing GDP doesn’t benefit the working class producing it:
https://wtfhappenedin1971.com/
As mentioned in my source, the US does so much better than other developed countries.
Not when it comes to stagnant wages of the working class despite record productivity and GDP.
US Wage growth isn’t even in the top 10:
https://tradingeconomics.com/country-list/wage-growth
US wage growth isn’t in the top 10, but anyone with some basic economics knowledge knows you cannot compare developed countries’ economic growth against emerging markets. US wage growth is the best among G7. That is very very good. Thank you.