30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?
kyla.substack.com
30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?
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Re: 30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?
#2I like the idea of visible vs invisible here. It approaches what I think is one of the biggest issues of the day which is "Why do so many people think that the economy sucks when the official statistics don't look too bad?"
Re: 30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?
#3I like the idea of visible vs invisible here. It approaches what I think is one of the biggest issues of the day which is "Why do so many people think that the economy sucks when the official statistics don't look too bad?"
Ignoring how easy it is for statistics to be misleading, let alone outright lies, the official statistics are rather mute on the topic of economic distribution. It doesn't matter how well an economy is doing, if the majority of wealth is accruing to a small minority.
Re: 30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?
#4I like the idea of visible vs invisible here. It approaches what I think is one of the biggest issues of the day which is "Why do so many people think that the economy sucks when the official statistics don't look too bad?"
Trump has literally shut down many of the agencies responbible for making the reports.
We live in a banana republic.
https://www.pbs.org/newshour/politics/trump-seeks-to-fire-bu...
https://www.science.org/content/article/republican-push-make...
https://www.cbpp.org/research/poverty-and-inequality/federal...
https://www.voanews.com/a/trump-administration-disbands-2-ex...
https://www.brookings.edu/articles/the-us-government-data-pu...
Re: 30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?
#5I like the idea of visible vs invisible here. It approaches what I think is one of the biggest issues of the day which is "Why do so many people think that the economy sucks when the official statistics don't look too bad?"
Ignoring how easy it is for statistics to be misleading, let alone outright lies, the official statistics are rather mute on the topic of economic distribution. It doesn't matter how well an economy is doing, if the majority of wealth is accruing to a small minority.
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Re: 30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?
#6Two words: “subscription fees”
It’s the silent suck on the wallets that get you. Everyone budgets for food, shelter, but very little attention is paid to the dailies, the subs, the fees, the lattes.
Re: 30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?
#7To the billionairs via income inequality.
When I was young, you could live off the wage you made in retail.
I had uncles who worked in retail and where able to buy a nice house and raise a family. Now, you need snap to live if working retail. Buying a home, out of the question.
We need to go back to the tax rate we had in tge 1950s and force companies to pay a living wage as they did back then
Re: 30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?
#8This US is a big place, I don’t think it’s accurate to start an article with “traveling accross America” when you only drove around the DC area, one part of Maryland, NYC, and small part of South FL.
Re: 30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?
#9It's inflation. The hidden tax that's perpetually underreported by governments and acts as a massive transfer of wealth to the property class.
Re: 30 Days, 9 Cities, 1 Question: Where Did American Prosperity Go?
#10This US is a big place, I don’t think it’s accurate to start an article with “traveling accross America” when you only drove around the DC area, one part of Maryland, NYC, and small part of South FL.
… and then compare to two cities in different European countries and think THEY are representative. There are many cities in Europe I can name that feel terribly dilapidated.
I think the article has the nugget of some good ideas and would love to hear them explored a little more rigorously and with more critical thinking.