I don’t blame them. People can’t afford Bidenomics. I see people complaining all the time but elections have consequences.
I make a lot of money, so I am weathering it just fine. I am just not able to save as much as I would like.
As I said previously, I am not a fan of Trump but groceries were much cheaper under Trump. The cost of items was cheaper under Trump.
I can’t think of any way my life was worse under Trump.
If we mistakenly believe inflation is caused by the president, then my savings are earning more interest than ever as a direct result of his policies.
His passage of the infiltration reduction act makes wanting a solar system much more attractive. I haven’t bought a house yet (whose prices are finally falling), but when I do, I’m getting that federal rebate ASAP on a solar system.
He put $1400 back into our pockets at the beginning of his administration so we could more easily weather the pandemic financially. This has been blamed for causing inflation, but given record profits across various industries and boasts of “price taking”, I’m not buying it.
Also, not affecting me personally, but he did more to reduce child poverty than any other president in the last 50 years with the passage of the American Rescue Plan. Reducing child poverty is objectively a good thing.
So…there you go.
In this case it was at least partially caused by his policies.
https://www.npr.org/2023/09/12/1198923453/child-poverty-child-tax-credi-pandemic-aid-census-data
Of course that happened. (Just throwing out numbers to make a point) If child poverty started at 100,000 kids in poverty, dropped to 30,000 kids, caused by American Rescue Plan, and then it rose to 60,000 when the rescue plan expired, then the above article headline is true.
Still, fewer kids in poverty, which is what matters.
Also of note, it expired because of republican congressmen.
THe problem is the Democrats want to keep people in poverty. That is their voting base.
https://www.debt.org/faqs/americans-in-debt/economic-demographics-democrats/
Democrats have a huge advantage (63 percent) with voters earning less than $15,000 per year. This advantage carries forward for individuals earning up to $50,000 per year, and then turns in the Republicans’ favor — with just 36 percent of individuals earning more than $200,000 per year supporting Democrats.
The democrats have no real goal is end poverty. Every time they have tried, they’ve made it worse or put us in further debt, which drives inflation. The solution isn’t taking money from me and giving it to someone else. The solution is to develop skills and grow the jobs available to people. Sometimes you need to have the tough love conversation that if you want to make more, you have to word harder and make sacrafices.
I think you have the cause of political support backwards. The poor support Democrats because Republicans want to make the rich richer which comes at the cost of everyone else, not because Democrats sustain poverty.
And wealth distribution is an effective solution to poverty, economically. Underpaying workers and encouraging them to sign up for food stamps for higher profits, however. And yet, Walmart gets tax cuts and provides jobs to actively sustain poverty in the way you think Democrats do.
The Democrats have them hooked on social programs and blaming the rich for their woes. Elon is not rich because someone else is poor. It is a common trope the Democrats throw out that sounds good, but is false.
I have no interest in wealth distribution. If you want to make more, learn a skill that makes you more available. Taking it from me and giving it to someone else isn’t the way to do it.
Yet the Democrats have never done anything to correct Walmart’s behavior.
The entire economy is a zero sum game. If I have 100% of the money supply, that necessarily means you have 0%. If we change the amount of people involved in the economy and the distribution, the sum of the proportions of the supply of money will still add up to 100%. So, actually, yes, Elon being as rich as he is necessarily makes others poorer. That is why the top 1% having trilions matters: it’s money that isn’t in other people’s pockets.
This doesn’t necessarily solve poverty. Poverty is measured by a person having a less than certain amount of money within a time period. A single person in the U.S. that made less than $13,590 in a year was officially in poverty. And the weird thing is that 11.4% in 2022 both had a job and lived below the poverty line.
Additionally, I think it was you that mentioned physical therapists are basically required to be a PhD in PT just to do a job that doesn’t even pay all that much!
Personal human capital investment doesn’t necessarily lead to a reduction in poverty.
Sure! Take it from top 10 U.S. billionaires. We can start and end there. Redistribute their wealth to everyone else, even other billionaires because why not. If you’re correct, it won’t matter: they have skills that make them more available and command a higher rate of remuneration. If you’re wrong, then…we’re down 10 less egotistical billionaires. Win-win.
That’s only if you assume that the only way the economy works is solely by money. What’s important is that value isn’t a zero sum game. It doesn’t matter if you have 100% of the money. People will just use some other means of exchange, and your money will be worthless. Because regardless of your money, I have things people value, and people have things that I value. Hell, we could literally just make a new currency that entirely replaces the now valueless piles of money you have. And since our currency isn’t even backed with anything, it’s not even like you can exchange it for something actually worthwhile like gold.
They don’t have a PhD. They have a doctorate in physical therapy. PhD is a research degree. Not the same thing thing.
The government continually prints more money making each dollar worth less. As such Elons billions is from other rich people who have invested. It didn’t come out of a poor persons pocket.
That’s why Elon being rich doesn’t impact what you have. What impacts what you have is what do you do with your money.