so are you saying that you want to help wal-mart gather in more dollars. or do you want to eliminate the income tax and have the economy improve for everyone so that those on food stamps can get good jobs.
Yeah. It's hard to find things these days. Try this: http://www.elitetrader.com/et/index...y-the-recovery-feels-like-a-recession.285818/ Of course, this doesn't apply to you, but it may serve as an intellectual curiosity.
as dbs article points out increasing taxes and devaluing the us dollar by pumping trillions into it and holding rates down to very artificial levels for years may create a few low paying service jobs... but it does not do anything to strengthen the economy.. note not only did keynes say sometimes you have to cut taxes to allow the economy to expand... supply side their contributed to the longest boom in US economic history and led to a massive expansion of the economies of europe and around the world. http://www.laffercenter.com/supply-side-economics/ Yet in the roughly 30 years from the 1980s through the first decade of the new century, supply-side ideas contributed to the longest boom in United States history and an incredible transformation of the world economy. According to the National Bureau of Economic Research, 1982-1999 was one continuous mega-economic expansion. In fact, as it stretched into 2007, this 25 Year Boom saw a tripling in the net wealth of U.S. households and businesses from $20 trillion in 1981 to $60 trillion by 2007. When adjusted for inflation, more wealth was created in this 25 year boom than in the previous 200 years. This sustained economic growth is not only impressive on its own, but even more astonishing as it compares to the period immediately preceding it. In the 10 years from 1972-1982, recessions were deep and recoveries were short. In fact, throughout American history, the nation’s economy has been in recession or depression roughly one-third of the time. But from 1981-2005, the annual growth rate of real gross domestic product (GDP) in the U.S. was 3.4 percent per year, and 3.8 percent per year during the 1983-1989 Reagan expansion alone.
As well as a credit spree and an explosion of the national debt. As for the increase in the net wealth of US households, no. The middle class share has been declining since Nixon.
The US' economic policies are pretty much the opposite of what a rational person would want. We allow foreigners to enter our market on more favorable terms than our companies can do in their home countries. We look the other way at rampant theft of intellectual property, our best export, by China and others. We discourage saving and encourage reckless borrowing. We create serial bubbles, then bail out those who speculate recklessly in them. Moral hazard is a core value of our politicians. We have a subpar recovery so we wage war on energy, one of the few bright spots in the economy and an important competitive advantage for our few remaining manufacturers. We saddle businesses with Obamacare and burdensome regulations on labor, the environment, etc. We allow and even encourage an invasion of millions of low or no skill illiterate poor people from latin america, drawn by our generous welfare benefits, which someone will have to pay for. Then we get grandstanding lefties complaining aobut "inequality" and proposing government taxing and redistribution to solve it. Just in case you can't connect the dots, what they are saying is we shuld tax productive citizens even more and hand over the money to illegals and other welfare leeches. Otherwise Walmart may be in trouble.
Not only do I wish I could write that well, I wish I could analyze as well as you do on such a consistent basis. well done... again.
Two-Thirds Of America's Biggest Retailers Are Worried About Flat Wages The Huffington Post | By Kevin Shor "It's not just middle-class America that is feeling the crunch of dismal wages and stubborn unemployment levels. Even the corporations that sign the paychecks say workers aren't making enough money "Sixty-eight percent of the top 100 retail companies in the U.S. -- a group that includes, Walmart, Apple, McDonald's and J.C. Penney -- say the country's stagnant wages pose a major threat to their bottom lines, according to a new report by the Center For American Progress, a left-leaning think tank. "Researchers analyzed the most recent SEC 10-K filings of the largest 100 retailers in the country and found that more than two-thirds of these corporations issued warnings to investors that profits could be hampered by flat wages, high unemployment and low consumer spending. The trend is hammering companies that target high-income customers, like Whole Foods and Dillard's, and those that market to low-income shoppers, like Dollar General and T.J. Maxx, according to the report. "The researchers pointed out that only half as many top 100 retailers identified flat wages as a business risk in 2006, the year before the Great Recession. "Both corporate America and our relentlessly squeezed middle class are stuck in a vicious cycle of low wages and low demand, an economic crisis that trickle-down solutions can never fix," wrote Brendan V. Duke and Ike Lee, authors of the CAP report. "How a weak middle-class hurts America's retailers. "America's middle class continues to struggle. The cost of living for a family of four rose by $10,000 from 2000 to 2012, according to a September study by CAP. The average American family makes less than it did 15 years ago, which The New York Times recently pointed out has not happened since the Great Depression. Meanwhile, unemployment has fallen to under 6 percent, down from its recession high of roughly 10 percent. "Companies are required by law to list all possible risks to their businesses in their 10-K, so you'll find all kinds of worries in the filings. It's also natural for a retail company to list the strength of consumers as a key risk factor. "But even as two-thirds of the companies in the study pointed to stagnating wages as a source of their problems, many of them have opposed or stayed silent on any proposed wage increases. There are a few notable exceptions. Gap promised to institute a $10 per hour minimum wage by next year, and Costco's starting pay is already $11.50. "Others have been quick to pin their plight on the weak consumer. "DineEquity, which owns Applebee's and IHOP, identified falling wages as a key risk to its restaurants in its 2013 10-K filing. “If our customers’ disposable income available for discretionary spending is reduced … our business could experience lower sales and customer traffic as potential customers choose lower-cost alternatives," the company wrote" "Even chains like Burger King acknowledge their sales are dampened by low wages. "We believe that our sales, guest traffic and profitability are strongly correlated to consumer discretionary spending, which is influenced by general economic conditions, unemployment levels, the availability of discretionary income, and, ultimately, consumer confidence," the burger chain wrote in its 2013 filing.Big companies are worried about the decline of the middle class."