Earlier quoted context omitted.
Bernie Sanders is a social democrat, not a socialist. It's insane that social democrats haven't rebranded considering how common the confusion is.
Bernie Sanders has been branding himself as a "democratic socialist" (not social democrat) for decades.
Millennials 'set to earn less than Generation X'
91–100 of 203 posts
Re: Millennials 'set to earn less than Generation X'
#92Earlier quoted context omitted.
Obama had filibuster-proof majorities for his first two years (when they passed the ACA with only one republican house vote and none in the senate) then a split congress for four. When measured by party control, Clinton, GHW Bush, and Reagan all faced more opposition in congress than Obama has.
None of the past administrations faced such partisan Congresses, they've only gotten more extreme over the years.
This is unthinking lack of research. You only need to go back to Clinton to find a congress that vociferously was against him, to the point they impeached him. Clinton handled it because he was very good at handling compromise and the politics game.
Re: Millennials 'set to earn less than Generation X'
#93Earlier quoted context omitted.
Do you have any evidence that increased government spending harms economic growth? It seems like an a priori certainty in right wing thought, but what evidence I've seen suggests that the effect is minimal or even beneficial (within the spending ranges that we see in modern developed nations).
I recall this is a well-known fact from introductory macroeconomics
Re: Millennials 'set to earn less than Generation X'
#94Might want to consider the increasing drain on the economy that the government takes. http://www.usgovernmentspending.com/spending_chart_1900_2020... One way or another, it comes out of our pocketses.
Do you have any evidence that increased government spending harms economic growth? It seems like an a priori certainty in right wing thought, but what evidence I've seen suggests that the effect is minimal or even beneficial (within the spending ranges that we see in modern developed nations).
Re: Millennials 'set to earn less than Generation X'
#95Earlier quoted context omitted.
Economic ills? Well consider that numerous other developed nations have large amounts of state-owned industry and that if anything their economies are stronger than ours.
Consider a 25 year return on investment in the economy. Adjusted for inflation and including dividends, it's about 9% for the S&P 500: http://www.moneychimp.com/features/market_cagr.htm Are there any developed economies with a higher figure?
Re: Millennials 'set to earn less than Generation X'
#96Earlier quoted context omitted.
I can't tell if you're being sarcastic, but I think it's important to note that if you make the reductio ad absurdum argument that a tax rate of 100% has strongly negative effects, sure I'll go with that, but if there's a claim that what we have right now is either too much or too little, then there needs to be some sort of evidence to support that claim.
> "a tax rate of 100% has strongly negative effects" Could you elaborate?
Re: Millennials 'set to earn less than Generation X'
#97Earlier quoted context omitted.
I'm in the same boat, born on a cusp year of the two generations, and I have long felt like a surfer who is struggling to ride the crest of a wave but who knows that the crash to shore is fast approaching.
I think a lot of us are. My parents are Boomers and we were born between 78 and 82. Technically being born in 78 makes you GenX. Yet if you have a brother born only 4 years later, it's another generation? We had the exact same experience, Atari 2600 on a TV that is now weird to even think existed. No TV remotes, walk up and change the channel. Rotary phones, city directories and phone books. Need the time and temp? Y…
What would be vastly sea-change-levels different is the pervasiveness of connectivity and access to a vast store on even real-time information and data about almost everything.
Re: Millennials 'set to earn less than Generation X'
#98Earlier quoted context omitted.
Wait are you for increasing the SS cap (which is 118.5k btw) or just eliminating it entirely?
I think having no cap on income for SS would make sense and make the system solvent - so basically, cut a tax only for the wealthy retired folks living off of backs of young folks, who are not exempt and they will never get there by subsidizing old folks in exchange for interest payments on private loans in the 7% range.
Re: Millennials 'set to earn less than Generation X'
#99Re: Millennials 'set to earn less than Generation X'
#100Might want to consider the increasing drain on the economy that the government takes. http://www.usgovernmentspending.com/spending_chart_1900_2020... One way or another, it comes out of our pocketses.