Americans are upset about not having any money while being the richest and most powerful country in the world. They are throwing a temper tantrum about a world order they created and are the main beneficiary of.
replyThere's a class of americans that didn't benefit from that world order. However, they elected someone who pretended he was going to help them, and actually is making it even worse for them and better for those who were already benefiting.
replyThe reality is that people judge their quality of life in relevant terms, not absolute ones.
replyBetter to be absolutely poor in a poor country than relatively poor in a rich country and all that
Some people, others are capable of being grateful for what they have.
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replyBefore engaging, let's get this settled: do you believe that the US economy operates on a zero sum basis?
replyNo it's not zero sum but it can also not be benefiting a ton of people. Which is what I said..
replyHere's what I don't get about this: Trump's main campaign promise was to raise prices for American consumers (via tariffs) and to harm the lowest wage earners the most (tariffs as sales taxes are regressive).
replyGoing against "business as usual" resulted in higher prices, as predicted and promised.
Nearly everyone here benefited from lower prices afforded by reduced trade barriers. This isn't some obscure hidden fact.
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replyThe mistake here is letting the word benefit do all the heavy lifting. You cannot define benefit in a superficial way and expect things to make sense. Notions like "let them eat cake", or trickle-down-economics, also abuse and distort the notion of benefit. "System X benefitted all Americans in a trivial way" smacks of that kind of false reasoning.
replyProgressive taxation.
replyI would suggest not going with the dumbest rock you can find and standing behind it against all evidence.
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