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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

#111
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…

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

#112
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.

Though it has very much decreased in recent years due to rampant inflation. My real wage has decreased since increases have been lower than inflation. For unemployed and low earners it is even worse.

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

#113
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…

When I hear "America’s economy is soaring," I can’t help but think it probably just means the rich are getting richer.

Don’t get me wrong—I’m not a communist. But it’s clear to me, especially when you look at how the middle class is struggling worldwide, that capitalism in its current form isn’t sustainable.

What we need is some kind of “Capitalism 2.0” or “Capitalism++”.

It makes no sense that someone with 300 billion dollars pays less (or even nothing) than a person that makes 100k per year. And this happens on ALL countries.

EDIT for those downvoting: just watch this video: https://www.youtube.com/watch?v=QPKKQnijnsM and then tell me why I am wrong.

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

#114

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…

Pole here, what "far right" parties are you referring to? If it's PiS then they were ousted in the elections last year with a 30-year record breaking voter turnout of 75%.

As for the other party that fits this description they're their own worst enemy, as they're an amalgamation of groups which don't really have common interests aside from a few talking points.

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

#115
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.

[deleted]

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

#116
post #99
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…

[flagged]

"Losing 30 trillion" is a very entitled view on decreasing real estate prices. Those 600 million people making 1000 CNY/month or less (and probaly another 300 million making a bit more) will be happy for a respite in being priced out of everywhere. This literally increases their purchasing power.

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

#117

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.

Leaving more money for your kids vs spending more time with your kids seems like a rough choice.

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

#118
post #17

I'm never able to get to the "so what?" with these. Productivity growth sounds nice, but then it mentions that there's more inequality, higher cost of living, and more workers struggle in the US than other developed countries. How do I reconcile this? They make a point that eventually the other countries' economies would shrink and won't be able to afford those benefits, but also the US doesn't have those benefits ev…

> How do I reconcile this? I'm curious why you care that some people have more money than you do? If you want mo' moolah: 1. upgrade your job skills 2. minimize spending (like get a roommate, eschew restaurant food, buy a used car) 3. invest the money you save If you really want to make big money: 1. start your own business

Income inequality is strong predictor of unhappiness in a population.

You ask why I care about income inequality? It's because I want more happiness in my community.

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

#119

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.

I invoke Poe's Law. Please explicitly mark your satire.

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

#120

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.

Leaving money to your kids isn't a bad inclination or anything but I don't see why it's the be-all end-all. Maybe my parents will leave me some money when they pass, or maybe not, I'm certainly not expecting or planning on anything. I hope they spend what they can to enjoy their life while they're alive.
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