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Government spending accounted for nearly half of our entire GDP last year, 44.5%. That’s not exactly a free market. That’s the government picking nearly all winners and losers. We had a much larger middle class when government was much more restrained. If you look around the US the most equitable places; North Dakota, Iowa, New Hampshire, etc are pretty much universally small government states. You can’t sit on your butt and expect upward mobility you need to get out and participate and make a real effort; graduate school, gain skills, invest, start businesses, buy property, etc. The government isn’t the answer to your problems. You certainly can’t complain if you are making poor life choices.
Government spending accounted for nearly half of our entire GDP last year, 44.5%. That’s not exactly a free market. That’s the government picking nearly all winners and losers. We had a much larger middle class when government was much more restrained. If you look around the US the most equitable places; North Dakota, Iowa, New Hampshire, etc are pretty much universally small government states. You can’t sit on your butt and expect upward mobility you need to get out and participate and make a real effort; graduate school, gain skills, invest, start businesses, buy property, etc. The government isn’t the answer to your problems. You certainly can’t complain if you are making poor life choices.
This is a product of runaway capitalism fyi. A few people become rich, very rich. They then turn around and bribe politicians to rig the rules in their favor. From here on out, lion share of government spending goes directly or indirectly into their pockets. The country becomes poorer, less efficient. Our infrastructure is worse than most European countries. They get richer though.
I agree, upward mobility and the middle class was best during the 50s/60s.
1.1 million people who are happy to not be homeless. How many jobs have your created? Now enjoy your trickle.
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Originally Posted by AfricanSunset
I’m certainly not going to disagree that Jeff Bezos is a brilliant entrepreneur! I bought 1000 shares of AMZN back in 1999 and sold it in 2016. Bezos made me a lot of money! However, there needs to be regulation to keep titans like Bezos from squashing the up and coming entrepreneur and from turning our society into an oligarchy.
Regulation doesn’t solve laziness or whining, two things society is very good at when they claim “life is unfair.”
I would suggest you get a job, live below your means, and use that difference to create, buy, or build a business. It’s far faster than waiting for Brandon to legislate you up the social ladder.
Exactly. For example, look at that "cash me outside" girl. She is probably one of the dumbest, most ignorant humans on the face of the planet. She just bought a $6 million house in FL, and i think she is only 25.
Now she is an extreme example, but proof people can jump up in classes in this country. Her ignorance and attitude actually probably helped her get to that level, she was to dumb to realize the cards were stacked against her.
Bingo. It’s really not rocket science. Take money your make from your primary income, buy some assets, and eventually enough of those assets will substitute your primary income.
It’s far easier and faster than whining over Elon Musk, who the left continues to make very wealthy.
If “catch me outside girl” is filthy reach, the left doesn’t have any excuse.
The fact that you can increase your wealth over time has nothing to do with the fact that the amount of $ you have is (at least in an idealized model) a proxy for potential ownership/purchase of every product, service, and resource currently available on the market at any given snapshot in time. You have to be specific when you say "wealth isn't finite". Technically, there may not be a thing in the universe that isn't finite.
I'm afraid I'm going to need my "Democrat talking points to reality" translator, if you please.
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Are you saying that taxation can decrease overall wealth creation? That's true in many instances, but you have to be specific with your claims. All you said was "some people got richer on a $ amount basis".
It's relatively simple, and applies across all income groups that will take a marginal $ and invest it:
1. The Federal government takes a $1, and turns it into about 80 cents of "benefits".
2. If you put $1 and invested it in an index fund in a typical market, you will turn it into $1.08 in a year.
Which number is larger: $0.80 or $1.08?
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Never said they didn't pay more. I said people were wary of the trickle-down concept potentially being used as an excuse for the rich to lower taxes even further.
People are wary because in government/politics-speak, a tax rate CUT automatically means you will receive FEWER dollars, despite the fact that historically it means MORE DOLLARS when it is applied to upper earners.
Bingo. It’s really not rocket science. Take money your make from your primary income, buy some assets, and eventually enough of those assets will substitute your primary income.
It’s far easier and faster than whining over Elon Musk, who the left continues to make very wealthy.
If “catch me outside girl” is filthy reach, the left doesn’t have any excuse.
Exactly. If this stain on humanity can become wealthy, anyone can.
This is a product of runaway capitalism fyi. A few people become rich, very rich. They then turn around and bribe politicians to rig the rules in their favor. From here on out, lion share of government spending goes directly or indirectly into their pockets. The country becomes poorer, less efficient. Our infrastructure is worse than most European countries. They get richer though.
I agree, upward mobility and the middle class was best during the 50s/60s.
Europe is not getting richer, the European economy hasn’t grown against inflation for a very long time. Things are very bureaucratic and litigious in Europe. If you’re a motivated person it’s a lot easier to accumulate wealth in the US. The best way to limit politicians rigging the rules is to simply shrink the government and/or decentralize it so they have less power to dole out. When the government makes up half the economy of course it will be corrupted. Company’s will spend more time lobbying than they will competing for market share by offering new, cheaper, better products and services.
I can remember when that changed. "Personnel Departments" which were focused on the people who worked for the company were renamed "Human Resources" and then just became another line item in the budget. That is when companies stopped thinking about fairness that might keep their workers engaged and productive and intent on making money for the company. I think that is also around the time when employee loyalty dissolved and one could no longer view a job at a given company as a career. Job hopping became the only way to get a raise for many. Companies for some reason didn't care that they always had training expenses for new employees, as long as the HR line item in the budget didn't go too high.
and you should spend time, going back to that time in the very late 80's/early 90's and figure out why it happened and who "allowed" it by the laws they put in place.
You're absolutely correct - the "career employee" came to an end with M&A and focus on quarterly financial performance. But how did we get there, and who "allowed" it.
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