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How does a developed country compete? What's Germany doing economically? S. Korea? Japan? They managed to hold onto their manufacturing and expand. Japan certainly has some major structural issues but they are doing some things right. I'd argue that education and vocationally training needs to be ramped up. How we going to pay for that?
Petro dollar? The US could become a major energy exporter again. A few LNG export terminals being built on gulf coast to deliver our cheap gas to overseas customers. Maybe Europe will get sick of Russian gas.
The median PPP of Germans is about 2/3rds of ours. Japan has been in the doldrums for 30 years.
WTF What are you talking about? Maybe you should explain your whole supply/demand idea, because your not making any sense.
bill
Well there is no shortage of money to start a business. The "producers" are sitting on cash. Interest rates have been low for many years. That is the supply.
On the demand side, consumers have too much private debt and low wage growth.
Wouldn't know that if you ever visited over there. I used them as examples due to the educational attainment and how educated their workforce is which you didn't address.
Quote:
Do you even know what the term petro dollar means?
bill
How oil (the most vital resource in a modern economy) is priced in USD and is used to swap oil for dollars in order to use for productive things like building roads and such. China is trying to replace the petrodollar but they don't have the transparency yet.
So as of 2016, you think there isn't enough money to start a business? Do you want interest rates even lower? Negative? How much do we need to help the "producers"?
Again, I contend we have a demand problem not a supply problem.
Allow people to have more disposable income. Income is what we tax not wealth.
Allow people to have more disposable income. Income is what we tax not wealth.
I agree but this is system we have and there is no serious proposals to shift from taxing from income to something else.
My point is that the wealthy already have plenty of disposable income and already essentially have "free money" due to low interest rates. They don't need to have any bones thrown their way. Trump's policies only gives them more bones while substantially adding to the debt. They don't need anymore help.
I never really understood why some are so desperate to give tax-cuts to the rich on the personal level rather than to the company. It sounds like the american people in general are never working class, just millionaires on a temporary break from money.
Trickle-down by tax-cuts to the rich is going to do nothing but increase their net-worth. This is because the wealthier we get, the lower is our relative economic turnover, a single-parent with low wage is likely to spend nearly 100% of his/her monthly earnings(out of necessity) while a multi-millionaire is extremely unlikely to spend as much as a a quarter of their monthly earnings within short or medium time prospect. Thus a very wealthy business owner who gets a tax-break will add the extra money made to his/her savings, rather than consume more, increasing their net-worth while consumption stands nearly still. Hence trickle-down is ineffective at best.
Consider an alternative; give the same taxbreak on corporate taxes, or as a subsidy on hiring new people with some appropriate conditions to it, so that the company (not the person owning it) has an advantage in keeping its operations within the country. This way you stimulate the employment of people in the available workforce, rather the net-worth of the already wealthy person.
At the end of the day the it's far more logical for the employed workers success while working for a company to be more correlated with the success of the company rather than with the net-worth increase of its owner.
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What are you talking about? Maybe you should explain your whole supply/demand idea, because your not making any sense.
