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Both political parties have a different take on a solution. The right will probably claim that tax-cuts and deregulation will stimulate the economy and "float a
by tabtab 9y ago
Both political parties have a different take on a solution. The right will probably claim that tax-cuts and deregulation will stimulate the economy and "float all boats", while the left will probably claim that taxing the rich will create more money for post-high-school education to help lower-income families climb the economic ladder and compete in the world economy, and provide more social programs, which also generate service jobs. As far as "deregulation", the devil's in the details, but the left generally believe such often leads to pollution and health risks, noncompetitive oligopolies and monopolies, and financial crashes. The right believes this to be an exaggeration.
- EliRivers 9y agoBoth political parties That's a significant part of the problem right there.
- CryptoPunk 9y ago>> As far as "deregulation", the devil's in the details, but the left generally believe such often leads to pollution and health risks, noncompetitive oligopolies and monopolies, and financial crashes. The right believes this to be an exaggeration. There is also the argument that regulations primarily create oligopolies and walled gardens that exacerbate income inequality. This is part of a larger argument that state intervention in the market is primarily motivated by private interests, and serves their interests. The FDIC would be one such example: http://www.nber.org/papers/w22223 http://www.nber.org/papers/w22223