What’s Really Happening in Trump’s Economy
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Top Comments (10)
People need to remember that it doesn’t matter how high the GDP of a country is if all that money is concentrated in the pockets of the 1%
To quote George Carlin; "It's called the American Dream, because you have to be asleep to believe it."
It’s almost like food, water, healthcare, housing, and education should be guaranteed and not subject to the whims of rich sociopaths.
There’s a famous saying about GDP that goes like this. Two economists walk into the woods. As they do, one of them spots a pile of shit in their way and tells the other “I’ll pay you $200 to eat that.” The other economist agrees, and eats the pile of shit and takes the $200. As they continue walking, the economist who at the shit stumbles on another pile of shit and tells his friend “I’ll pay you $200 to eat that pile of shit.” The man agrees, eats the shit and gets paid $200. On that day, the GDP rose by $400. No one’s life improved just because someone ate shit and $200 was exchanged twice.
And they call us selfish for not wanting kids when everything is so damn expensive!
The wealth gap is a much better indicator than the GDP of a nation, having a $50 trillion GDP means nothing if $49 trillion is owned by 49 people.
I think it's pretty obvious. All the money is funneling upward, the middle class are getting screwed while the billionaires are living better than ever
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I work as a trucker. I make double what my dad made while I was growing up, live in a lower cost of living area than he did, and have less debt than he did at my age. I pay almost double what he did to rent a smaller, much older house, have a car that was made before the truck he drove when I was in highschool, my only monthly bills outside of utilities are phone and internet, I spend on average 200 bucks a month on entertainment and other miscellaneous purchases. Even living modestly like this, I can't afford a house, a new car, or even vacations, let alone luxury purchases. Yet my dad had a motorcycle, a pair of jet skis, we went on vacations twice a year, and had a huge amount of savings. This is just patently unsustainable.
I don't know how unemployment is stagnant when millions of people are getting laid off monthly
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Top Comments (10)
People need to remember that it doesn’t matter how high the GDP of a country is if all that money is concentrated in the pockets of the 1%
To quote George Carlin; "It's called the American Dream, because you have to be asleep to believe it."
It’s almost like food, water, healthcare, housing, and education should be guaranteed and not subject to the whims of rich sociopaths.
There’s a famous saying about GDP that goes like this. Two economists walk into the woods. As they do, one of them spots a pile of shit in their way and tells the other “I’ll pay you $200 to eat that.” The other economist agrees, and eats the pile of shit and takes the $200. As they continue walking, the economist who at the shit stumbles on another pile of shit and tells his friend “I’ll pay you $200 to eat that pile of shit.” The man agrees, eats the shit and gets paid $200. On that day, the GDP rose by $400. No one’s life improved just because someone ate shit and $200 was exchanged twice.
And they call us selfish for not wanting kids when everything is so damn expensive!
The wealth gap is a much better indicator than the GDP of a nation, having a $50 trillion GDP means nothing if $49 trillion is owned by 49 people.
I think it's pretty obvious. All the money is funneling upward, the middle class are getting screwed while the billionaires are living better than ever
Thanks to Proton for sponsoring today's show! Stop letting Big Tech snoop your and your family’s inbox 👀Protect your emails with Proton Mail — it’s FREE to sign up right now. 🔗 https://spon.so/9402_PROTONMAIL
I work as a trucker. I make double what my dad made while I was growing up, live in a lower cost of living area than he did, and have less debt than he did at my age. I pay almost double what he did to rent a smaller, much older house, have a car that was made before the truck he drove when I was in highschool, my only monthly bills outside of utilities are phone and internet, I spend on average 200 bucks a month on entertainment and other miscellaneous purchases. Even living modestly like this, I can't afford a house, a new car, or even vacations, let alone luxury purchases. Yet my dad had a motorcycle, a pair of jet skis, we went on vacations twice a year, and had a huge amount of savings. This is just patently unsustainable.
I don't know how unemployment is stagnant when millions of people are getting laid off monthly