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I tried to make it clear that this isn’t guaranteed, but there is good evidence that GDP will go up, and high earners (as OP asked, people making $250k/year, wh
by gok 9y ago
I tried to make it clear that this isn’t guaranteed, but there is good evidence that GDP will go up, and high earners (as OP asked, people making $250k/year, which is 98th percentile) often see wage growth under those conditions. Low and middle earners often not so much.
- nojvek 9y agoIt still baffles me how many poor Republicans support this just coz they hate Dems. Boom the economy by adding more debt, cutting social services and screwing the working class. Great plan guys. The rich will store offshore as usual. It's gonna be a great shit show when the bubble bursts. I can't wait for it.
- mancerayder 9y agoIt's baffling until you consider the effect of culture wars, or 'wedge issues.' Economics is complex, I mean look at this thread alone on HN (and we're well above the average in education and intelligence). Abortion, religion, and other controversial topics, however, are far simpler to understand. The Republicans know how to get votes through that mechanism of holding tight to certain ideological components of their traditional voter base. Another large part of the base are 'small government' types, less interested in economic problems and more interested in individual freedom. I think that's a rough answer to your bafflement.