- Jan 29, 2010
- 20,656
- 5,016
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- US-Democrat
Trump has changed our economy. Personally, I think that US is in excellent economic shape and is poised to be for decades. The political changes are much more troubling.
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SOME THOUGHTS
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Inflation was at 3% last year. It will probably be between 3 and 4 % in the future. Yes, Trump's national sales tax on most foreign goods will have a permanent negative effect. Certainly, prices will affect some items more and some less. Last year eggs. This year coffee and beef. The cost of vegetables will continue to rise because of tariffs and because cheap labor in the US will be harder to secure.
But there will be very low unemployment for those who are willing to work. And wages will continue to go up, especially for the very poor.
Interest rates will tumble, makes lots, lots more things more affordable, especially cars and rent.
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The economy will be in good shape compared to the any decade in the past. Finally, middle class wages will increase, even after being adjusted for inflation. That hasn't happened since the 70's.
And yes, our retirement savings will be in good shape for the majority. [yes, our tax rates need to be increased and our national debt reduced] The reason tax rates are so unpopular is because the federal government is so inefficient in so many areas 9
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Much is wrong. The overall economy is not one of these.
Will the youth be able to afford a house? Will the youth want to work and succeed or will many work as little as possible. Will our addiction to junk food and other drugs be lessened? Who will bear the costs of climate change? Will we continue to encourage folks to build on the coasts that are most vulnerable? How much will we devote to new technologies that will reduce our use of water? Will be encouraged to eat less meat? Will we realize just how much beef and lawns really cost us?
The people will need to depend much more on state governments than on the federal government. Is this a terrible thing. Personally, I think not. But let's be clear, the poor in Republican states will suffer greatly, certainly after Trump is gone.
========================
SOME THOUGHTS
=========
Inflation was at 3% last year. It will probably be between 3 and 4 % in the future. Yes, Trump's national sales tax on most foreign goods will have a permanent negative effect. Certainly, prices will affect some items more and some less. Last year eggs. This year coffee and beef. The cost of vegetables will continue to rise because of tariffs and because cheap labor in the US will be harder to secure.
But there will be very low unemployment for those who are willing to work. And wages will continue to go up, especially for the very poor.
Interest rates will tumble, makes lots, lots more things more affordable, especially cars and rent.
=============
The economy will be in good shape compared to the any decade in the past. Finally, middle class wages will increase, even after being adjusted for inflation. That hasn't happened since the 70's.
And yes, our retirement savings will be in good shape for the majority. [yes, our tax rates need to be increased and our national debt reduced] The reason tax rates are so unpopular is because the federal government is so inefficient in so many areas 9
================
Much is wrong. The overall economy is not one of these.
Will the youth be able to afford a house? Will the youth want to work and succeed or will many work as little as possible. Will our addiction to junk food and other drugs be lessened? Who will bear the costs of climate change? Will we continue to encourage folks to build on the coasts that are most vulnerable? How much will we devote to new technologies that will reduce our use of water? Will be encouraged to eat less meat? Will we realize just how much beef and lawns really cost us?
The people will need to depend much more on state governments than on the federal government. Is this a terrible thing. Personally, I think not. But let's be clear, the poor in Republican states will suffer greatly, certainly after Trump is gone.
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