26 May '18 01:42>
https://www.foxbusiness.com/markets/trump-tax-cut-surge-sp-500-companies-return-1t-to-shareholders
Originally posted by @mott-the-hoopleFunny, it was workers who were supposed to benefit by the big corporate tax cuts.
https://www.foxbusiness.com/markets/trump-tax-cut-surge-sp-500-companies-return-1t-to-shareholders
Originally posted by @mott-the-hoopleLet's get real. Economies don't change overnight. Trump is just gravy-training on the policies set forth by Obama. The damage Trump is doing now... will be the next Democratic President's mess to clean up.
https://www.foxbusiness.com/markets/trump-tax-cut-surge-sp-500-companies-return-1t-to-shareholders
Originally posted by @mott-the-hoopleFunny how the rich getting richer is the criteria for a good economy while the poor are still earning a pathetic wage. When wages rise I will be convinced the unemployment rate is as low as our government claims it is.
https://www.foxbusiness.com/markets/trump-tax-cut-surge-sp-500-companies-return-1t-to-shareholders
Originally posted by @kazetnagorraIt really isn't. Aside from having the world's overall largest economy (by far), America's per capita GDP is the best in the world if you exclude city states. The only macro-nations who can beat America's gdp per capita of 60000$ are Ireland (whose gdp figures are grossly inflated by the amount of American money that merely passes through Ireland into the EU for tax purposes but is not a reflection of Ireland's wealth, which is still poorer than Britain) and Norway (country of 5 million with a large area by European standards with massive oil and gas reserves as well as fish and GDP is still only 70000$, a mere 10000 more than America's.)
The United States' economy is still far behind the wealthiest economies, and this difference is only increasing.
Originally posted by @ashiitakaCan you provide links for all these numbers?
It really isn't. Aside from having the world's overall largest economy (by far), America's per capita GDP is the best in the world if you exclude city states. The only macro-nations who can beat America's gdp per capita of 60000$ are Ireland (whose gdp figures are grossly inflated by the amount of American money that merely passes through Ireland into the ...[text shortened]... ream of so I'm not sure how it can be said that they're closing the gap on America. They're not.
Originally posted by @ashiitakaFor one, I never said I was talking about GDP per capita, I was speaking of the standard of living.
It really isn't. Aside from having the world's overall largest economy (by far), America's per capita GDP is the best in the world if you exclude city states. The only macro-nations who can beat America's gdp per capita of 60000$ are Ireland (whose gdp figures are grossly inflated by the amount of American money that merely passes through Ireland into the ...[text shortened]... ream of so I'm not sure how it can be said that they're closing the gap on America. They're not.
Originally posted by @kazetnagorraFor one, I never said I was talking about GDP per capita, I was speaking of the standard of living.
For one, I never said I was talking about GDP per capita, I was speaking of the standard of living.
Secondly, you're flat-out wrong unless you think Norway and Switzerland are "city states."
If you compare today's Norway to that of 30 years ago, and today's United States to that of 30 years ago, which society has made greater leaps in terms of how well off its citizens are?
Originally posted by @lundosYou and KN are always trying to pass the burden of proof onto me regarding even the most simple of economic realities. I don't have time to waste giving you a basic education - go ask Google what the GDP per capita of Norway is.
Can you provide links for all these numbers?
Thanks.
Originally posted by @ashiitakaOnly because you tend either communicate in a difficult maner or your claims aren't exactly reality.
You and KN are always trying to pass the burden of proof onto me regarding even the most simple of economic realities. I don't have time to waste giving you a basic education - go ask Google what the GDP per capita of Norway is.
Originally posted by @ashiitakaPer capita GDP is irrelevant to most people. It's the mean of income, but what's relevant to most people is the mode. Sure, if you average the income of everybody in the USA you get a large number, but that includes the few multigazillionaires who hike up the total as well as the many millions who live in dread of a medical bill. This difference is much larger in the USA than in most other Western countries. The wealth of the country as a whole may be high, but the wealth of most of its inhabitants isn't.
It really isn't. Aside from having the world's overall largest economy (by far), America's per capita GDP is the best in the world if you exclude city states.
Originally posted by @ashiitakaI am well aware that Norway's vast oil reserves inflate its GDP per capita. Your claim that Switzerland's economy is strongly driven by riches stolen from the Jews is of course ludicrous and doesn't merit a rebuttal more elaborate than a scoff.
[b]For one, I never said I was talking about GDP per capita, I was speaking of the standard of living.
Actually, the exact word you used was "wealth". Wealth is money, not standard of living. Your persistent misunderstanding of "standard of living" and what it means for an economy is quite beyond the pale.
Secondly, you're flat-out wrong unl ...[text shortened]... e didn't have a high GDP (still only 1/6th higher than America's) I would hold her in no regard.
Originally posted by @mott-the-hoopleHe's made a tremendous difference in our economy because of his savvy business skills.
https://www.foxbusiness.com/markets/trump-tax-cut-surge-sp-500-companies-return-1t-to-shareholders
Originally posted by @no1marauder"The new withholding amounts hit Americans' paychecks around February 1, and the IRS says that about 90% of workers saw an increase in their take-home pay."
Funny, it was workers who were supposed to benefit by the big corporate tax cuts.
But everybody with half a brain knew that was BS:
But a new analysis of all Fortune 500 companies found only 4.3 percent of workers will receive a one-time bonus or wage increase tied to the business tax cuts, while businesses received nine times more in cuts than wh ...[text shortened]... ages for workers.
http://www.newsweek.com/republican-tax-cuts-trump-wage-increases-879800[/b]