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Why America's economy is soaring ahead of its rivals

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Re: Why America's economy is soaring ahead of its rivals

#161

Post by amrocha »

loxodrome wrote: post #98
spiderfarmer wrote: post #31

Earlier quoted context omitted.

The EU is number one in quality of life and that’s all that matters to me. If we work just hard enough to maintain and maybe even improve it, other countries can do their pissing contest.

I’m an American living in France for the past two years and cannot wait to move back to the USA. The taxes are so extreme and salaries so low that no one can even invest in the stock market. If I stay here, I will be able to leave virtually nothing to my kids when I die. The EU can take its 5 weeks of vacation and go fuck itself.

Idk why you think your kids should get your money when you die. If they didn’t earn it then they should get a small amount and have to work for the rest, just like everyone else.

Re: Why America's economy is soaring ahead of its rivals

#162

Post by ein0p »

loxodrome wrote: post #98
spiderfarmer wrote: post #31

Earlier quoted context omitted.

The EU is number one in quality of life and that’s all that matters to me. If we work just hard enough to maintain and maybe even improve it, other countries can do their pissing contest.

I’m an American living in France for the past two years and cannot wait to move back to the USA. The taxes are so extreme and salaries so low that no one can even invest in the stock market. If I stay here, I will be able to leave virtually nothing to my kids when I die. The EU can take its 5 weeks of vacation and go fuck itself.

Have you seen the steep exponent on the US debt? You won't be able to leave anything to your kids if you move to the US either. Might as well enjoy 2 weeks vacation, rather than 2.

Re: Why America's economy is soaring ahead of its rivals

#163

Post by FactKnower69 »

TeaBrain wrote: post #155
roenxi wrote: post #14

This is an interesting take, because it contrasts with GDP PPP [0] which is suggesting that America is in fact being overtaken by its rivals although it has managed to outpace the EU. China is claiming to already be ahead and India is well on track to gain absolute economic ascendancy relative to the US. And I expect that Asia is going to start developing some serious military muscle on the back of that because they…

PPP is only useful for measuring regional purchasing power within a country. As a metric for comparing the relative strength of global economies it is irrelevant.

[flagged]

Re: Why America's economy is soaring ahead of its rivals

#164

Post by lordloki »

amrocha wrote: post #157
naming_the_user wrote: post #148

Earlier quoted context omitted.

This feels like a huge generalization to me. The US, UK, EU and realistically most developed countries I would say have fairly similar quality of life within margin of error. I've travelled a fair amount and everywhere is basically the same. For an individual it's really going to come down to lifestyle and what you prefer. Some people like urban living and walkability, if that's you then you probably want Japan or ol…

[flagged]

I can understand this perspective if you've never been here and base it all on what you read online.

Re: Why America's economy is soaring ahead of its rivals

#165

Post by bloppe »

roenxi wrote: post #14

This is an interesting take, because it contrasts with GDP PPP [0] which is suggesting that America is in fact being overtaken by its rivals although it has managed to outpace the EU. China is claiming to already be ahead and India is well on track to gain absolute economic ascendancy relative to the US. And I expect that Asia is going to start developing some serious military muscle on the back of that because they…

PPP matters on an individual level, but not at all on a national level. GDP at market exchange rates is what actually matters in terms of what a country can accomplish on the world stage.

And even on an individual level, PPP struggles with accuracy, because things are only ever roughly equivalent. There's a reason why so many individual people are trying to move from China and India to the US and EU, despite all the personal financial disadvantages of doing so.

Re: Why America's economy is soaring ahead of its rivals

#166

Post by returningfory2 »

RestlessMind wrote: post #92
spiderfarmer wrote: post #31

Earlier quoted context omitted.

The EU is number one in quality of life and that’s all that matters to me. If we work just hard enough to maintain and maybe even improve it, other countries can do their pissing contest.

> The EU is number one in quality of life and that’s all that matters to me Probably it is time for you to learn the plight of fellow Europeans then. The society is stewing for quite some time now, for example https://en.wikipedia.org/wiki/Yellow_vests_protests The symbol has become "a unifying thread and call to arms" as yellow vests are common and inexpensive, easy to wear over any clothing, are associated with wor…

Yep. As a simple exercise, visit e.g. the Ireland subreddit and see how many young people there are complaining about the cost of living and are talking about emigrating.

Re: Why America's economy is soaring ahead of its rivals

#167

Post by cynicalsecurity »

spiderfarmer wrote: post #31
roenxi wrote: post #14

This is an interesting take, because it contrasts with GDP PPP [0] which is suggesting that America is in fact being overtaken by its rivals although it has managed to outpace the EU. China is claiming to already be ahead and India is well on track to gain absolute economic ascendancy relative to the US. And I expect that Asia is going to start developing some serious military muscle on the back of that because they…

The EU is number one in quality of life and that’s all that matters to me. If we work just hard enough to maintain and maybe even improve it, other countries can do their pissing contest.

This quality of life can disappear in a matter of seconds. EU is still not actively working on protecting itself from the Russian threat. The moment Russia attacks which is going to happen since this is what the fascist Russian dictatorship wants, we could kiss our quality of life goodbye.

Re: Why America's economy is soaring ahead of its rivals

#168

Post by doctorpangloss »

anon291 wrote: post #139

> Globally, the top R&D spenders are increasingly concentrated in software and computer services I always find these sorts of statements strange because most software is not intended to be software but rather something else. For example, Adobe's suite should be classified under 'art supplies' or 'video production'. While true that it's software, in my mind, it's like classifying a car builder as a metal fabricator. T…

> Adobe's suite should be classified under 'art supplies' or 'video production'... Under this taxonomy, I think things would seem much more diverse.

Will someone who has shopped at Blick for 20 years be able to develop a Photoshop plugin? It would be a stretch.

Re: Why America's economy is soaring ahead of its rivals

#169

Post by ein0p »

wslh wrote: post #108

My two cents: the U.S. owes much of its economic strength to its robust legal framework. It provides a system where complex business disputes can be handled and enforced effectively, creating trust and predictability for investors and entrepreneurs. This institutional strength is often overlooked but is critical for fostering innovation and long-term economic growth. Incidentally, recent Nobel laureates in economic s…

The US owes its "economic strength" to the ability to print $2T/yr in perpetuity and buy stuff with that money. Once that tap ceases to function (which eventually it will, though not anytime soon), the US is going to be fucked beyond any recognition.

Re: Why America's economy is soaring ahead of its rivals

#170

Post by Pet_Ant »

loxodrome wrote: post #98
spiderfarmer wrote: post #31

Earlier quoted context omitted.

The EU is number one in quality of life and that’s all that matters to me. If we work just hard enough to maintain and maybe even improve it, other countries can do their pissing contest.

I’m an American living in France for the past two years and cannot wait to move back to the USA. The taxes are so extreme and salaries so low that no one can even invest in the stock market. If I stay here, I will be able to leave virtually nothing to my kids when I die. The EU can take its 5 weeks of vacation and go fuck itself.

Isn't it alarming to you that you are optimising for what you leave behind when you die (stocks) over what you can have while you live (vacations)?
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