Bidenomics
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@Jolly said in Bidenomics:
Yep, income inequality, as the poor get poorer.
I assume you know that income inequality in democracies is the harbinger of revolution and/or a descending into dictatorship?
That’s not actually the case. It didn’t really come at the expense of the poor. It was mostly stock market driven and the market is thriving because of the number of the middle class moving into the upper class, not the number moving downward.
And again, trying to relate it to populist revolutions in the past is a little ridiculous. The “poor” are generally in housing with hvac, have access to transportation, often own a vehicle, have 1-2 televisions, a computer, and aren’t in danger of starvation. That’s not to say that it doesn’t suck. Speaking from experience, it sucks tremendously, and can be extraordinarily hard to break out of those things keeping you down. But what is keeping them down are personal decisions as much as external factors. Chemical dependencies, single parenthood, hand outs vs hand ups, and an education system that sells them a lie that the choices are a college degree that they can never afford or achieve or living a life in poverty.
You want to limit poverty? Limit the handouts. They can have Pell grants (in fact, increase the number of them), but the first two years HAVE to be at a Community College or Trade School. Have the school systems and counselors really promote what a trade can mean instead of a college degree. Show these kids that there are opportunities that are achievable. Also, go back to promoting family values in the schools and in entertainment.
@LuFins-Dad said in Bidenomics:
The “poor” are generally in housing with hvac, have access to transportation, often own a vehicle, have 1-2 televisions, a computer, and aren’t in danger of starvation
This. The poor in US are richer than probably 75% of the rest of the world.
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Take away their government subsidies such as housing, food and welfare money, and see where they are at.
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Take away their government subsidies such as housing, food and welfare money, and see where they are at.
@Jolly said in Bidenomics:
Take away their government subsidies such as housing, food and welfare money, and see where they are at.
Actually, only about 10% of the country are on government assistance programs, meaning half of the poor receive nothing. As a percentage of GDP, government handouts are at a pretty low point…
The Brad
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Probably right around the same number as under Trump’s first term, and a fairly low percentage.
Sorry, Jolly, you and your pal Bernie should leave the guillotine in the garage for the time being.
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You can take a four-paintbrush sopping with whitewash, but the essential truth is that many of the poor in the U.S. have what they do because of government programs that do not exist in many other countries.
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You can take a four-paintbrush sopping with whitewash, but the essential truth is that many of the poor in the U.S. have what they do because of government programs that do not exist in many other countries.
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I fail to see how any of that is going to lead to a populist revolt or the idea that the rich are getting richer at the expense of the poor.
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@Jolly said in Bidenomics:
Take away their government subsidies such as housing, food and welfare money, and see where they are at.
Actually, only about 10% of the country are on government assistance programs, meaning half of the poor receive nothing. As a percentage of GDP, government handouts are at a pretty low point…
@LuFins-Dad Excluding social security and Medicare.
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@Jolly said in Bidenomics:
... the essential truth is that many of the poor in the U.S. have what they do because of government programs that do not exist in many other countries.
Can the same be said of the rich?
@Axtremus said in Bidenomics:
@Jolly said in Bidenomics:
... the essential truth is that many of the poor in the U.S. have what they do because of government programs that do not exist in many other countries.
Can the same be said of the rich?
Tax code.
The Golden Rule.
Them that has the gold, rules.
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One of the wonderful things about the Internet is that one can find anyone saying anything with increasing ease.
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One of the wonderful things about the Internet is that one can find anyone saying anything with increasing ease.
@Jolly Semi serious/semi joking question.
At what point in time do we start measuring how President Trump is doing with the economy?
Do we start from election day? Inaugeration day? some other time frame?
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@Jolly Semi serious/semi joking question.
At what point in time do we start measuring how President Trump is doing with the economy?
Do we start from election day? Inaugeration day? some other time frame?
@taiwan_girl said in Bidenomics:
@Jolly Semi serious/semi joking question.
At what point in time do we start measuring how President Trump is doing with the economy?
Do we start from election day? Inaugeration day? some other time frame?
If we use the Jon Scale, it will be from inauguration until the next President assumes office.
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@taiwan_girl said in Bidenomics:
@Jolly Semi serious/semi joking question.
At what point in time do we start measuring how President Trump is doing with the economy?
Do we start from election day? Inaugeration day? some other time frame?
If we use the Jon Scale, it will be from inauguration until the next President assumes office.
@Jolly said in Bidenomics:
it will be from inauguration
I know its early, but.................... LOL
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I listened to a presentation last week by a Goldman Sachs analyst about Trump, Trade and Tariffs. One point made that really stood out was that Trump has repeatedly shown in past that he is very sensitive to how the market reacts to any of his policies. When the markets react like bears he tends to adjust his policies and statements to turn the markets into bulls.
Jon, your take on that?
Elbows up!
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I listened to a presentation last week by a Goldman Sachs analyst about Trump, Trade and Tariffs. One point made that really stood out was that Trump has repeatedly shown in past that he is very sensitive to how the market reacts to any of his policies. When the markets react like bears he tends to adjust his policies and statements to turn the markets into bulls.
Jon, your take on that?
@Renauda said in Bidenomics:
I listened to a presentation last week by a Goldman Sachs analyst about Trump, Trade and Tariffs. One point made that really stood out was that Trump has repeatedly shown in past that he is very sensitive to how the market reacts to any of his policies. When the markets react like bears he tends to adjust his policies and statements to turn the markets into bulls.
Jon, your take on that?
I would agree with that. He plays to the crowd, thinks of the stock market as his score card (though he’s likely to get to know the bond markets this term), and isnt embarrassed to do a volte face.
