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YOU don't even want to live in Poland. "Nuff said.Don't forget "dumb Polack" as well.I'm a Fascist, not a Communist, nor a Capitalist.
You Western Europeans are the dumb ones, look at the mess you're in now with EVERYTHING, it's ridiculous, and you keep looking for more of the "Same Solutions" that caused all the problems.
So was Poland.Truth is, the real Right-Wing IS AUTHORITARIAN, they micro-manage social Conservative values.
Then there's a ton of Republicans who think high Taxes = Socialism to pay for programs.
North Korea is Socialism in it's pure form, and they actually have low taxes, in fact nearly no taxes.
But that's somewhat offset by the fact that they have shoot to kill orders for anyone trying to leave & go somewhere that does have taxes.
But you probably find that acceptable.
North Korea is a great failure of Communism.
Capitalism causes diversity & immigration.
Poland became more Polish ethnically under Communism.
Poland becomes less Polish ethnically under Capitalism.
Capitalism is terrible it is probably even worse than Communism.
The USA is stagnating economically like Commies had just we import tons of hostile immigrants that Commies did not.
when are you moving to Poland?
So, you have nothing but cliche's and memes and a little bit of envy. Not much of an argument.Under that line of thinking, government should pay our house or rental insurance, our car insurance, life insurance, appliance, lawn and garden equipment insurance.
regulate....not pay ...big dif Ray
General welfare clause - WikipediaAfter all, according to you, the federal government is now constitutionally obligated so no American ever gets screwed. I would love to know where that clause is in the document.
In the 1%er's coffers....But we are running at FULL EMPLOYMENT, where are the BIG income increases for the lower 70% of American workers?
You haven't said how it is that they are raping you.
we're being told so....Do you think that you should be in control of all of that?
The Chamber of Commerce wants them to keep coming for cheap labor.......and increased profits.......This was made even clearer when the Koch Brothers were recently demanding more Amnesty and migrant labor or threatening to stop paying politicians.
I am not seeing that.
30 yrs brother.....lot of stuff i'm looking to forget!I worked 2 jobs AND volunteered 24 hrs per week on an ambulance, no days off, and on the rigs, not even holidays off
The system is fine, without crony capitalism.
The government enriches the extreme wealthy with all sorts of goodies and sweet heart deal. It is the American Way.
/——/ Here’s some proof: A chart shows how everything has changed since Trump became president
YOU said "The USA is stagnating economically like Commies", and I just proved you wrong. Again.Same news-source, that says something very, very different.
Wages aren't keeping up with inflation, so real-wages have dropped, which adjust for inflation.
It's you who need to stop being so ignorant.
Trump's Economic Scorecard: Higher Inflation, Flat Wages And A Ballooning Federal Deficit
Chuck JonesContributori
MarketsI cover technology companies, worldwide economies and the stock marketinflation continues to increase, real wages are stagnant and the federal budget deficit is ballooning
President Trump's Economic ScorecardDESIGN: NICK DESANTIS, FORBES STAFF
In the past few days, new economic reports have come out that don’t paint a very rosy picture for a number of economic items. While GDP hit 4.1% for the June quarter, but only 2.9% year over year, and the unemployment rate is hovering at all-time lows, inflation continues to increase, real wages are stagnant and the federal budget deficit is ballooning .
The following reports on inflation and wages could be a couple of the reasons that many American workers are not feeling better about their financial situation. And add to those concerns about Trump’s tariffs, especially as it applies to products such as soybeans. To get an overview of economic data while Trump has been President check out “Trump’s Economic Scorecard: 18 Months Into His Presidency.”
Inflation continues to creep up
One impact from the CPI and PPI inflation reports this past week should reinforce the willingness of the Federal Reserve to raise its target interest rates in September and if inflation remains at these levels to do so again in December and in 2019.
Also, keep in mind that the inflationary impacts of Trump’s tariffs have not fully made their way into prices. As businesses costs increase a significant portion will be passed onto consumers.
For July the CPI, or Consumer Price Index, rose at a 2.9% rate which matches last months increase. This is close to double the 1.6% rate when Trump was elected and up from the 2.1% increase in December 2016, the month before he entered office.
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The Core CPI, which excludes food and energy, increased from 2.3% year over year for June to 2.4% in July. This is the highest Core CPI in over 10 years. The Fed is anticipating that the Core rate will level off soon per Capital Economics, but Capital Economics forecasts that, “core inflation will continue to trend higher.”
Core CPIDESIGN: NICK DESANTIS, FORBES STAFF
The Producer Price Index, or PPI, has risen over a full percentage point over the past year from 2.0% in July 2017 to 3.3% this year. The Core PPI, without food and energy, has risen almost a full percentage point from 2.0% to 2.8%. Typically the PPI leads the CPI as businesses should eventually pass at least some of their higher costs onto consumers.
Real wages are essentially flat in the past year
As inflation increases it puts a damper on wages. While average hourly earnings have increased from $26.34 per hour to $27.05, or 2.7% over the past year, inflation at 2.9% has actually lead to real wages falling a small amount from $10.78 per hour a year ago to $10.76 in July this year.
U.S. Hourly WagesDESIGN: NICK DESANTIS, FORBES STAFF
Federal deficit is ballooning
The U.S. Treasury published its July Monthly Treasury Statement and it showed that the first 10 months of fiscal 2018’s deficit of $$684 billion has surpassed all of fiscal 2017’s deficit of $666 billion. One of the downsides of Trump’s tax cuts is its impact on the Federal deficit as it is projected to increase to $1 trillion in fiscal 2020 per the Congressional Budget Office.
U.S. Federal DeficitDESIGN: NICK DESANTIS, FORBES STAFF
Soviets had many periods of "GDP Growth" what they had few of is "Real Wage growth" which adjusts for cost of living AKA Inflation.
Soviets took until around 1970 to equal the real wages of 1913, of course all this period had a lot of periods of GDP growth, just they didn't see the improvement because of inflation.
Now the USA is looking about as bad, from 1970 - 2018 say, there was basically little or no real wage growth.
Some True some false there...
The wage numbers are skewed under Obama by numerous legislated minimum wage mandates that by right should not be included with the other free market stats because it is not a free market stat in and of itself.
JO
Source of proof?
Mathematics
Wages, Obama Economy's Weakest Link, Now Surging Under Trump | Investor's Business Daily
YOU said "The USA is stagnating economically like Commies", and I just proved you wrong. Again.
Soviets had many periods of "GDP Growth" what they had few of is "Real Wage growth" which adjusts for cost of living AKA Inflation.
Soviets took until around 1970 to equal the real wages of 1913, of course all this period had a lot of periods of GDP growth, just they didn't see the improvement because of inflation.
Now the USA is looking about as bad, from 1970 - 2018 say, there was basically little or no real wage growth.
Some True some false there...
The wage numbers are skewed under Obama by numerous legislated minimum wage mandates that by right should not be included with the other free market stats because it is not a free market stat in and of itself.
JO
Source of proof?
Mathematics
Wages, Obama Economy's Weakest Link, Now Surging Under Trump | Investor's Business Daily
Yeah well, the "Wage growth" isn't keeping up with "Inflation" under the "Trump admin" and that's a big F'n problem.
That's what the chart I listed was about wages adjusted against inflration AKA Real Wages.
I don't care if I make 10% more an hour, if everything goes up 15% more in value.
That's the problem, that's been the big problem since around 1970.
That has little to do with capitalism. That has to do with the American consumer.
Since the 80's, our country has become obsessed with cheap. I don't care where it's made, what the quality, just sell it to me as cheap as possible.
So you and I are competitors in the widget business. You pay your workers well and offer great benefits. I decide to move my operations overseas. Now I start taking your customers because I can produce my widgets and ship them back to the US for half the cost it takes to make yours. Now you have two choices: move overseas like I did, or join your former employees in the Unemployment Line.
That's the problem.
and the fix is simple, put tariffs on the foreign built crap, or don't buy it and opt for quality at a higher price.
Even easier criminalize outsourcing throw a few bastids behind bars & problem solved by example
that is a socialist tactic, but you are a socialist, so I understand why you would suggest that.
Who cares?
I care more about someone being put behind bars for outsourcing jobs, then arresting someone for peeing down in an ally-way.
PS
A lot of states used to be so strict in their corporate charters, that they wouldn't even allow transfers between US states of factory jobs, or even sometimes goods.
So, this "Socialism" you're speaking of, is NOTHING NEW, ton of states did just that back in the day.
so you want to punish a business for doing its business in the most profitable way? Why not just change our tax policy so that there would be no financial incentive for outsourcing or moving operations out of this country? Why not have a business friendly government ? What do you have against private industry creating American jobs in America?
Baloney socialist programs caused the unfunded programs. Those were reserved for the states, which limit govt power.Socialist policies and ifnignor the Constitution got us here. All the warnings we're given to not do those things. We didn't listen. And here we are.So was Poland.North Korea is a great failure of Communism.
Capitalism causes diversity & immigration.
Poland became more Polish ethnically under Communism.
Poland becomes less Polish ethnically under Capitalism.
Capitalism is terrible it is probably even worse than Communism.
The USA is stagnating economically like Commies had just we import tons of hostile immigrants that Commies did not.
Capitalist policies got us here.
It might sound "Cool" that it's Commies hiring Illegal Immigrants on farms, in construction, and restaurants, it might sound "Cool" that Commies are shipping your jobs to China, Vietnam, and Mexico, it might sound "Cool" that Commies are laying people off, and jacking up prices.
But, that's not reality, the reality is this is all Capitalists.
Capitalism is FAILING us big time, just like Communism FAILED too.
Capitalism requires regulation, plain, and simple.
Nonsense. There is no capital acquisition in a Marxist system.Capitalism is eating itself just as Marx predicted.
Yes well...given enough time Marxism will do exactly the same thing only from a different angle. Instead of a nation five or six thousand billionaires it will create a small class of trillionaires who will eventually see the guillotine. So it's more or less like... " Pick your misery ".....
JO
I already proved you wrong, now take it like a man.YOU said "The USA is stagnating economically like Commies", and I just proved you wrong. Again.Stop being so ignorant.So was Poland.
Capitalism causes diversity & immigration.
Poland became more Polish ethnically under Communism.
Poland becomes less Polish ethnically under Capitalism.
Capitalism is terrible it is probably even worse than Communism.
The USA is stagnating economically like Commies had just we import tons of hostile immigrants that Commies did not.
With 4.1% U.S. GDP Growth, What Comes Next?
Same news-source, that says something very, very different.
Wages aren't keeping up with inflation, so real-wages have dropped, which adjust for inflation.
It's you who need to stop being so ignorant.
Trump's Economic Scorecard: Higher Inflation, Flat Wages And A Ballooning Federal Deficit
Chuck JonesContributori
MarketsI cover technology companies, worldwide economies and the stock marketinflation continues to increase, real wages are stagnant and the federal budget deficit is ballooning
President Trump's Economic ScorecardDESIGN: NICK DESANTIS, FORBES STAFF
In the past few days, new economic reports have come out that don’t paint a very rosy picture for a number of economic items. While GDP hit 4.1% for the June quarter, but only 2.9% year over year, and the unemployment rate is hovering at all-time lows, inflation continues to increase, real wages are stagnant and the federal budget deficit is ballooning .
The following reports on inflation and wages could be a couple of the reasons that many American workers are not feeling better about their financial situation. And add to those concerns about Trump’s tariffs, especially as it applies to products such as soybeans. To get an overview of economic data while Trump has been President check out “Trump’s Economic Scorecard: 18 Months Into His Presidency.”
Inflation continues to creep up
One impact from the CPI and PPI inflation reports this past week should reinforce the willingness of the Federal Reserve to raise its target interest rates in September and if inflation remains at these levels to do so again in December and in 2019.
Also, keep in mind that the inflationary impacts of Trump’s tariffs have not fully made their way into prices. As businesses costs increase a significant portion will be passed onto consumers.
For July the CPI, or Consumer Price Index, rose at a 2.9% rate which matches last months increase. This is close to double the 1.6% rate when Trump was elected and up from the 2.1% increase in December 2016, the month before he entered office.
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The Core CPI, which excludes food and energy, increased from 2.3% year over year for June to 2.4% in July. This is the highest Core CPI in over 10 years. The Fed is anticipating that the Core rate will level off soon per Capital Economics, but Capital Economics forecasts that, “core inflation will continue to trend higher.”
Core CPIDESIGN: NICK DESANTIS, FORBES STAFF
The Producer Price Index, or PPI, has risen over a full percentage point over the past year from 2.0% in July 2017 to 3.3% this year. The Core PPI, without food and energy, has risen almost a full percentage point from 2.0% to 2.8%. Typically the PPI leads the CPI as businesses should eventually pass at least some of their higher costs onto consumers.
Real wages are essentially flat in the past year
As inflation increases it puts a damper on wages. While average hourly earnings have increased from $26.34 per hour to $27.05, or 2.7% over the past year, inflation at 2.9% has actually lead to real wages falling a small amount from $10.78 per hour a year ago to $10.76 in July this year.
U.S. Hourly WagesDESIGN: NICK DESANTIS, FORBES STAFF
Federal deficit is ballooning
The U.S. Treasury published its July Monthly Treasury Statement and it showed that the first 10 months of fiscal 2018’s deficit of $$684 billion has surpassed all of fiscal 2017’s deficit of $666 billion. One of the downsides of Trump’s tax cuts is its impact on the Federal deficit as it is projected to increase to $1 trillion in fiscal 2020 per the Congressional Budget Office.
U.S. Federal DeficitDESIGN: NICK DESANTIS, FORBES STAFF
Soviets had many periods of "GDP Growth" what they had few of is "Real Wage growth" which adjusts for cost of living AKA Inflation.
Soviets took until around 1970 to equal the real wages of 1913, of course all this period had a lot of periods of GDP growth, just they didn't see the improvement because of inflation.
Now the USA is looking about as bad, from 1970 - 2018 say, there was basically little or no real wage growth.
We have mostly forgotten why all those National Guard armories look like fortresses, expecially on the East Coast. During the time of the Robber Barons, there was real fear of an uprising of the People.Of course it's true, and of course we're in trouble.These statistics are claimed to be true:
1. 50% of American wage earners earn less than $30k.
2. 63% of Americans can’t afford a $1,000 emergency.
3. 80% of American workers live pay check to pay check.
4. Since 1973 American productivity has increased by 77%, yet hourly pay has grown by 12%. If the minimum wage was tracked to productivity, it would be over $20 an hour today.
5. 41% of American workers earn less than $12 per hour, with most without employer provided HC.
6. Since 2008 the federal government and the Fed created $26 trillion out of nothing. Was any of this enormous sum spent on infrastructure, public education, universal HC, bail out 5.1 million people who lost their homes?
Not a pretty picture for the poor and middle class. Hopefully things are improving or we are headed for big trouble.
"Every man for himself" doesn't work in capitalist system, and the reason should be clear: There will always be people who are naturally better suited to create wealth and prosper than others. Therefore, without a strong safety net and a supported middle class, many will fall through the holes.
The "you're on your own" folks are digging their own grave here. They refuse to see that, as wealth disparities continue to increase, so will the anger. At some point, the people on the bottom will revolt at the polls and we will swing in the other direction.
As another poster has said here, it's social insurance against revolution. That's too complicated, I guess.
.
Trump and Mitch are our friends. Our champions. Our only hope. Our Saviors even.These statistics are claimed to be true:
1. 50% of American wage earners earn less than $30k.
2. 63% of Americans can’t afford a $1,000 emergency.
3. 80% of American workers live pay check to pay check.
4. Since 1973 American productivity has increased by 77%, yet hourly pay has grown by 12%. If the minimum wage was tracked to productivity, it would be over $20 an hour today.
5. 41% of American workers earn less than $12 per hour, with most without employer provided HC.
6. Since 2008 the federal government and the Fed created $26 trillion out of nothing. Was any of this enormous sum spent on infrastructure, public education, universal HC, bail out 5.1 million people who lost their homes?
Not a pretty picture for the poor and middle class. Hopefully things are improving or we are headed for big trouble.
Trump is doing his best to fix this..... the more democrats we vote out of office the better off these people will be......
That is why November is so important....democrats thrive on poverty, racism, hate and violence......
Unfunded liabilities. Pensions and, S.S., and medicaidBaloney socialist programs caused the unfunded programs. Those were reserved for the states, which limit govt power.Socialist policies and ifnignor the Constitution got us here. All the warnings we're given to not do those things. We didn't listen. And here we are.So was Poland.
Capitalism causes diversity & immigration.
Poland became more Polish ethnically under Communism.
Poland becomes less Polish ethnically under Capitalism.
Capitalism is terrible it is probably even worse than Communism.
The USA is stagnating economically like Commies had just we import tons of hostile immigrants that Commies did not.
Capitalist policies got us here.
It might sound "Cool" that it's Commies hiring Illegal Immigrants on farms, in construction, and restaurants, it might sound "Cool" that Commies are shipping your jobs to China, Vietnam, and Mexico, it might sound "Cool" that Commies are laying people off, and jacking up prices.
But, that's not reality, the reality is this is all Capitalists.
Capitalism is FAILING us big time, just like Communism FAILED too.
Capitalism requires regulation, plain, and simple.
Unfunded programs? What are you even talking about?
Nonsense. There is no capital acquisition in a Marxist system.Capitalism is eating itself just as Marx predicted.
Yes well...given enough time Marxism will do exactly the same thing only from a different angle. Instead of a nation five or six thousand billionaires it will create a small class of trillionaires who will eventually see the guillotine. So it's more or less like... " Pick your misery ".....
JO
Unfunded liabilities. Pensions and, S.S., and medicaidBaloney socialist programs caused the unfunded programs. Those were reserved for the states, which limit govt power.Socialist policies and ifnignor the Constitution got us here. All the warnings we're given to not do those things. We didn't listen. And here we are.Capitalism causes diversity & immigration.
Poland became more Polish ethnically under Communism.
Poland becomes less Polish ethnically under Capitalism.
Capitalism is terrible it is probably even worse than Communism.
The USA is stagnating economically like Commies had just we import tons of hostile immigrants that Commies did not.
Capitalist policies got us here.
It might sound "Cool" that it's Commies hiring Illegal Immigrants on farms, in construction, and restaurants, it might sound "Cool" that Commies are shipping your jobs to China, Vietnam, and Mexico, it might sound "Cool" that Commies are laying people off, and jacking up prices.
But, that's not reality, the reality is this is all Capitalists.
Capitalism is FAILING us big time, just like Communism FAILED too.
Capitalism requires regulation, plain, and simple.
Unfunded programs? What are you even talking about?
Unfunded liabilities. Pensions and, S.S., and medicaidBaloney socialist programs caused the unfunded programs. Those were reserved for the states, which limit govt power.Socialist policies and ifnignor the Constitution got us here. All the warnings we're given to not do those things. We didn't listen. And here we are.Capitalism causes diversity & immigration.
Poland became more Polish ethnically under Communism.
Poland becomes less Polish ethnically under Capitalism.
Capitalism is terrible it is probably even worse than Communism.
The USA is stagnating economically like Commies had just we import tons of hostile immigrants that Commies did not.
Capitalist policies got us here.
It might sound "Cool" that it's Commies hiring Illegal Immigrants on farms, in construction, and restaurants, it might sound "Cool" that Commies are shipping your jobs to China, Vietnam, and Mexico, it might sound "Cool" that Commies are laying people off, and jacking up prices.
But, that's not reality, the reality is this is all Capitalists.
Capitalism is FAILING us big time, just like Communism FAILED too.
Capitalism requires regulation, plain, and simple.
Unfunded programs? What are you even talking about?
Unfunded liabilities. Pensions and, S.S., and medicaidBaloney socialist programs caused the unfunded programs. Those were reserved for the states, which limit govt power.Socialist policies and ifnignor the Constitution got us here. All the warnings we're given to not do those things. We didn't listen. And here we are.
Capitalist policies got us here.
It might sound "Cool" that it's Commies hiring Illegal Immigrants on farms, in construction, and restaurants, it might sound "Cool" that Commies are shipping your jobs to China, Vietnam, and Mexico, it might sound "Cool" that Commies are laying people off, and jacking up prices.
But, that's not reality, the reality is this is all Capitalists.
Capitalism is FAILING us big time, just like Communism FAILED too.
Capitalism requires regulation, plain, and simple.
Unfunded programs? What are you even talking about?Unfunded liabilities. Pensions and, S.S., and medicaidBaloney socialist programs caused the unfunded programs. Those were reserved for the states, which limit govt power.Socialist policies and ifnignor the Constitution got us here. All the warnings we're given to not do those things. We didn't listen. And here we are.
Capitalist policies got us here.
It might sound "Cool" that it's Commies hiring Illegal Immigrants on farms, in construction, and restaurants, it might sound "Cool" that Commies are shipping your jobs to China, Vietnam, and Mexico, it might sound "Cool" that Commies are laying people off, and jacking up prices.
But, that's not reality, the reality is this is all Capitalists.
Capitalism is FAILING us big time, just like Communism FAILED too.
Capitalism requires regulation, plain, and simple.
Unfunded programs? What are you even talking about?
The Largest debt bubble in the history of the Civilized world is the aggregate shortfall in the North American pension system both private and municipal. Might as well just call it Armageddon.
Jo
Capitalists do what comes naturally. Acquire capital for the sake of acquiring more.We have cronyism. Capitalism isn’t the problem.Capitalism is eating itself just as Marx predicted.
47% of Americans pay ZERO TAXES and are on some type of Government Assistance.These statistics are claimed to be true:
1. 50% of American wage earners earn less than $30k.
2. 63% of Americans can’t afford a $1,000 emergency.
3. 80% of American workers live pay check to pay check.
4. Since 1973 American productivity has increased by 77%, yet hourly pay has grown by 12%. If the minimum wage was tracked to productivity, it would be over $20 an hour today.
5. 41% of American workers earn less than $12 per hour, with most without employer provided HC.
6. Since 2008 the federal government and the Fed created $26 trillion out of nothing. Was any of this enormous sum spent on infrastructure, public education, universal HC, bail out 5.1 million people who lost their homes?
Not a pretty picture for the poor and middle class. Hopefully things are improving or we are headed for big trouble.
I already proved you wrong, now take it like a man.YOU said "The USA is stagnating economically like Commies", and I just proved you wrong. Again.Stop being so ignorant.Capitalism causes diversity & immigration.
Poland became more Polish ethnically under Communism.
Poland becomes less Polish ethnically under Capitalism.
Capitalism is terrible it is probably even worse than Communism.
The USA is stagnating economically like Commies had just we import tons of hostile immigrants that Commies did not.
With 4.1% U.S. GDP Growth, What Comes Next?
Same news-source, that says something very, very different.
Wages aren't keeping up with inflation, so real-wages have dropped, which adjust for inflation.
It's you who need to stop being so ignorant.
Trump's Economic Scorecard: Higher Inflation, Flat Wages And A Ballooning Federal Deficit
Chuck JonesContributori
MarketsI cover technology companies, worldwide economies and the stock marketinflation continues to increase, real wages are stagnant and the federal budget deficit is ballooning
President Trump's Economic ScorecardDESIGN: NICK DESANTIS, FORBES STAFF
In the past few days, new economic reports have come out that don’t paint a very rosy picture for a number of economic items. While GDP hit 4.1% for the June quarter, but only 2.9% year over year, and the unemployment rate is hovering at all-time lows, inflation continues to increase, real wages are stagnant and the federal budget deficit is ballooning .
The following reports on inflation and wages could be a couple of the reasons that many American workers are not feeling better about their financial situation. And add to those concerns about Trump’s tariffs, especially as it applies to products such as soybeans. To get an overview of economic data while Trump has been President check out “Trump’s Economic Scorecard: 18 Months Into His Presidency.”
Inflation continues to creep up
One impact from the CPI and PPI inflation reports this past week should reinforce the willingness of the Federal Reserve to raise its target interest rates in September and if inflation remains at these levels to do so again in December and in 2019.
Also, keep in mind that the inflationary impacts of Trump’s tariffs have not fully made their way into prices. As businesses costs increase a significant portion will be passed onto consumers.
For July the CPI, or Consumer Price Index, rose at a 2.9% rate which matches last months increase. This is close to double the 1.6% rate when Trump was elected and up from the 2.1% increase in December 2016, the month before he entered office.
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The Core CPI, which excludes food and energy, increased from 2.3% year over year for June to 2.4% in July. This is the highest Core CPI in over 10 years. The Fed is anticipating that the Core rate will level off soon per Capital Economics, but Capital Economics forecasts that, “core inflation will continue to trend higher.”
Core CPIDESIGN: NICK DESANTIS, FORBES STAFF
The Producer Price Index, or PPI, has risen over a full percentage point over the past year from 2.0% in July 2017 to 3.3% this year. The Core PPI, without food and energy, has risen almost a full percentage point from 2.0% to 2.8%. Typically the PPI leads the CPI as businesses should eventually pass at least some of their higher costs onto consumers.
Real wages are essentially flat in the past year
As inflation increases it puts a damper on wages. While average hourly earnings have increased from $26.34 per hour to $27.05, or 2.7% over the past year, inflation at 2.9% has actually lead to real wages falling a small amount from $10.78 per hour a year ago to $10.76 in July this year.
U.S. Hourly WagesDESIGN: NICK DESANTIS, FORBES STAFF
Federal deficit is ballooning
The U.S. Treasury published its July Monthly Treasury Statement and it showed that the first 10 months of fiscal 2018’s deficit of $$684 billion has surpassed all of fiscal 2017’s deficit of $666 billion. One of the downsides of Trump’s tax cuts is its impact on the Federal deficit as it is projected to increase to $1 trillion in fiscal 2020 per the Congressional Budget Office.
U.S. Federal DeficitDESIGN: NICK DESANTIS, FORBES STAFF
Soviets had many periods of "GDP Growth" what they had few of is "Real Wage growth" which adjusts for cost of living AKA Inflation.
Soviets took until around 1970 to equal the real wages of 1913, of course all this period had a lot of periods of GDP growth, just they didn't see the improvement because of inflation.
Now the USA is looking about as bad, from 1970 - 2018 say, there was basically little or no real wage growth.
Unfunded liabilities. Pensions and, S.S., and medicaidBaloney socialist programs caused the unfunded programs. Those were reserved for the states, which limit govt power.Socialist policies and ifnignor the Constitution got us here. All the warnings we're given to not do those things. We didn't listen. And here we are.Capitalism causes diversity & immigration.
Poland became more Polish ethnically under Communism.
Poland becomes less Polish ethnically under Capitalism.
Capitalism is terrible it is probably even worse than Communism.
The USA is stagnating economically like Commies had just we import tons of hostile immigrants that Commies did not.
Capitalist policies got us here.
It might sound "Cool" that it's Commies hiring Illegal Immigrants on farms, in construction, and restaurants, it might sound "Cool" that Commies are shipping your jobs to China, Vietnam, and Mexico, it might sound "Cool" that Commies are laying people off, and jacking up prices.
But, that's not reality, the reality is this is all Capitalists.
Capitalism is FAILING us big time, just like Communism FAILED too.
Capitalism requires regulation, plain, and simple.
Unfunded programs? What are you even talking about?
Unfunded liabilities. Pensions and, S.S., and medicaidBaloney socialist programs caused the unfunded programs. Those were reserved for the states, which limit govt power.Socialist policies and ifnignor the Constitution got us here. All the warnings we're given to not do those things. We didn't listen. And here we are.
Capitalist policies got us here.
It might sound "Cool" that it's Commies hiring Illegal Immigrants on farms, in construction, and restaurants, it might sound "Cool" that Commies are shipping your jobs to China, Vietnam, and Mexico, it might sound "Cool" that Commies are laying people off, and jacking up prices.
But, that's not reality, the reality is this is all Capitalists.
Capitalism is FAILING us big time, just like Communism FAILED too.
Capitalism requires regulation, plain, and simple.
Unfunded programs? What are you even talking about?Unfunded liabilities. Pensions and, S.S., and medicaidBaloney socialist programs caused the unfunded programs. Those were reserved for the states, which limit govt power.Socialist policies and ifnignor the Constitution got us here. All the warnings we're given to not do those things. We didn't listen. And here we are.
Capitalist policies got us here.
It might sound "Cool" that it's Commies hiring Illegal Immigrants on farms, in construction, and restaurants, it might sound "Cool" that Commies are shipping your jobs to China, Vietnam, and Mexico, it might sound "Cool" that Commies are laying people off, and jacking up prices.
But, that's not reality, the reality is this is all Capitalists.
Capitalism is FAILING us big time, just like Communism FAILED too.
Capitalism requires regulation, plain, and simple.
Unfunded programs? What are you even talking about?
The Largest debt bubble in the history of the Civilized world is the aggregate shortfall in the North American pension system both private and municipal. Might as well just call it Armageddon.
Jo
Nonsense. There is no capital acquisition in a Marxist system.Capitalism is eating itself just as Marx predicted.
Yes well...given enough time Marxism will do exactly the same thing only from a different angle. Instead of a nation five or six thousand billionaires it will create a small class of trillionaires who will eventually see the guillotine. So it's more or less like... " Pick your misery ".....
JO
Not too sure that's actually true. They may not call it the same thing but in the end all the wealth concentrates at the top. So give it another name I guess.
Jo
