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Author's Comments in red.
Worst 20th Century Decade? Please link to and share. |
Do People Vote Their Pocketbook? Is U.S. Free Enterprise Working? |
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Author's Comments in red.
Worst 20th Century Decade? Please link to and share. |
Do People Vote Their Pocketbook? Is U.S. Free Enterprise Working? |
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We Produce the Most
From 1979 to 2011 after tax income for top 1% grew at 3.5% per year vs. bottom quintiles 1.5% |
Debt Service is low.
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We Spend Less on Necessities
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Tax Burden is Low
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Well-Being Not Income is Important 1) The accumulation of societies efforts to improve the well-being of its citizens. 2) The accumulation of science which by the 21st century have become immense again the US is first.
The American Dream
Discussion
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How can people be unhappy when government supplements 60%?
In addition 20% of those that do pay in do not pay much.
The trade deficit of about $1,700 per person also added to citizens wellbeing.
Life will be much more difficult if and when the bill comes do.
What Could Go Wrong?
1. Higher Than Projected Interest Rates Could Make Carrying Debt More Expensive.
2. Stagnate Growth Could Continue.
3. Budget Effects of Obamacare and Other Contingent Liabilities
May
Not Prompt Change like the Reagan/O'Neil/Greenspan
1983 Style Payroll Tax Increase.
4. Cost Effectiveness in Education and Military Spending and
the Redundant Safety Net Continue to be Ignored.
5. A Return to Moderate Inflation or even High Inflation Could Hurt Economy.
