5 ms·

I'm not a Yank so I've got no clue about the reality on the ground, but is that actually true? Sure, the statistics say GDP is growing or whatever, but do real,

I'm not a Yank so I've got no clue about the reality on the ground, but is that actually true? Sure, the statistics say GDP is growing or whatever, but do real, normal working people feel the effects of those bumps? Cause the way it seems is that you've got a few extremely wealthy milli/billionares sucking up every single possible cent that can be sucked up while your average Joe gets screwed more and more. Companies are doing great, and so are people in the stock market, but is that representative of the rest of the country? I suspect it isn't

thechao 2y ago
The economic term-of-art is the GINI coefficient. And, yeah, the US's GINI is crazy. https://en.m.wikipedia.org/wiki/Gini_coefficient https://en.m.wikipedia.org/wiki/Gini_coefficient
bombcar 2y ago
The average person sees grocery costs rising, and is unable to move because they can’t replace the interest rate on the loan they have. This feels quite squeezing.
- dukeyukey 2y ago
  Even this shows just how absolutely _coddled_ American consumers are compared to most of the world. Can't move due to high interest rate? In the UK, you're gonna get those high interest rates regardless, your rate is usually only fixed for 5 years.
timeon 2y ago
> Cause the way it seems is that you've got a few extremely wealthy milli/billionares sucking up every single possible cent that can be sucked up while your average Joe gets screwed more and more. Is there hope that this will change under Republican government?
- anon291 2y ago
  [flagged]
- sensanaty 2y ago
  I highly doubt it, but it obviously also wasn't happening under the Democrats, or at the very least it wasn't being perceived as if things were/could improve. Eventually people get tired and listen to populists. That's why they get elected, because they'll tell you what you want to hear. Whether they actually have any plans of doing it or not is almost irrelevant when you're dealing with bullshit on both sides. The only way to beat populists is to have actual concrete plans, which as far as I saw as a non-USAian at least, the democrats barely ever spoke of, and it seems to be the common sentiment across this thread as well. Denmark is a good example of what I mean, they had a surge in right-wing populist parties due to people's ongoing and ignored issues with Illegal immigration (among other things). Know what the moderates, who were in power, did? They adjusted their policies accordingly with actual concrete plans that they set in motion. And to no one's surprise, the populist parties died down and people calmed down in general once they saw that action was actually being taken.
- bioneuralnet 2y ago
  On the contrary - “Let the millionaires/billionaires do whatever they want” has been a core pillar of their platform for decades. To be fair, Democrats are historically only marginally better in that regard.

thechao 2y ago

The economic term-of-art is the GINI coefficient. And, yeah, the US's GINI is crazy. https://en.m.wikipedia.org/wiki/Gini_coefficient https://en.m.wikipedia.org/wiki/Gini_coefficient

bombcar 2y ago

The average person sees grocery costs rising, and is unable to move because they can’t replace the interest rate on the loan they have. This feels quite squeezing.

dukeyukey 2y ago
Even this shows just how absolutely _coddled_ American consumers are compared to most of the world. Can't move due to high interest rate? In the UK, you're gonna get those high interest rates regardless, your rate is usually only fixed for 5 years.

timeon 2y ago

> Cause the way it seems is that you've got a few extremely wealthy milli/billionares sucking up every single possible cent that can be sucked up while your average Joe gets screwed more and more. Is there hope that this will change under Republican government?

anon291 2y ago
[flagged]
sensanaty 2y ago
I highly doubt it, but it obviously also wasn't happening under the Democrats, or at the very least it wasn't being perceived as if things were/could improve. Eventually people get tired and listen to populists. That's why they get elected, because they'll tell you what you want to hear. Whether they actually have any plans of doing it or not is almost irrelevant when you're dealing with bullshit on both sides. The only way to beat populists is to have actual concrete plans, which as far as I saw as a non-USAian at least, the democrats barely ever spoke of, and it seems to be the common sentiment across this thread as well. Denmark is a good example of what I mean, they had a surge in right-wing populist parties due to people's ongoing and ignored issues with Illegal immigration (among other things). Know what the moderates, who were in power, did? They adjusted their policies accordingly with actual concrete plans that they set in motion. And to no one's surprise, the populist parties died down and people calmed down in general once they saw that action was actually being taken.
bioneuralnet 2y ago
On the contrary - “Let the millionaires/billionaires do whatever they want” has been a core pillar of their platform for decades. To be fair, Democrats are historically only marginally better in that regard.