What basis do you have for this claim: "Trump’s flurry of activity, at least so far, has made him more popular, not less so, with the American public"?
My question is: What more can the Democrats do to lure the "working class?" They are the ones who've pushed the programs for child care, equal rights etc. Even though there were black and brown people supporting Trump, it wasn't his concern with the working class that lured them, it was his macho money persona. What I fault the Democrats for, in the last election, not pointing out clearly all the jobs Biden's infrastructure bill created. Now, the Democrats need to start going to those same working people, like those here in Alaska, who are losing money because Trump has stopped the release of already appropriated funds. Democrats also need, particularly white Democrats, need to start calling out these racists for what they are trying to do.
Good question. I think the Dems need to focus on stopping needless layoffs. Pointing to new jobs created can be misleading if the same company, like Intel lays off as many workers elsewhere in order to help finance stock buybacks.
Thanks for sharing that info. It's good to have multiple poll sources. I had seen reports of Trump down and was surprised with the CBS results. But it was CBS. . .
"When we got the debt under control, taxes went down." Yeah, they went down too much. The Bush tax cuts and the Trump tax cuts "added $10 trillion to the debt since their enactment and are responsible for 57 percent of the increase in the debt ratio since 2001."
In addition, the evidence is crystal clear that tax rates on the rich and on corporations that are too low breed financial speculation and corporate disinvestment.
"If you look under the hood of the industrial economy, you can see why there is this counter-intuitive relationship between tax rates and economic growth . With high taxes, the only way to retain the bulk of the wealth created by a business is by reinvesting it in the business -- in plants, equipment, staff, research and development, new products and all the rest. But if tax rates are low, then there is more incentive to pull the wealth out, by declaring it as profits that are taxed at what turns out to be too low a rate. In other words, low taxes create an incentive for profit taking, not for business expansion and capital investment.
"This in turn creates an incentive for short-term horizons in business planning. If you’re going to be taking all the profits out of a company, and take home a few million a year, why bother to reinvest anything in the business? You’re going to be rich, and never have to work again, even if the business goes bust."
Finally, it is clear that the tax cuts of Reagan, Bush, and Trump have allowed a new oligarchy to seize power, creating massive political and social dysfunction. No one should ever be allowed to be so rich that they can buy as much political influence as the rich do today. All the classic texts of civic republicanism, including the Bible very explicitly, warn about the dangers to a republic of allowing the rich to achieve political control.
I hope your readers understand that you and your children and probably grandchildren owe $36 Trillion dollars! That amount will destroy the country. We owe an amount that no country has ever survived. When the amount owed exceeded 100% of GDP no country has ever been able to recover. We are now about 124%! I say about because the debt is going up around one billion dollars per day.
If the bloated size of government isn’t controlled, you will wind up in the same situation that Roman citizens were in 2000 years ago.
Our government costs 60% more per year today than it did in 2019. It’s out of control and HAS TO STOP!
Except for WWII https://fred.stlouisfed.org/graph/?g=gfT3. There are a lot of twists and turns in this. There are three ways out. Cut expenditures, raise revenues or grow GDP so the percentage goes down. The sign of trouble would be the dollar losing its value. The opposite is happening. Tough to think all this through. thx for your comment
After WW2, our taxes went up to 95%. When we got the debt under control, taxes went down. Never before in history have we ever been this far in debt during peace time. Cutting expenditures is the best way to reduce the deficit. Raising revenue means raising taxes, given that households now owe $1.2 Trillion in credit cards (highest in history) do you think “raising revenue” is the answer? Growing GDP MEANS WORKING MORE! Do you want to take a second job and give it to the government to reduce the debt? How long could that last?
Deficit at 124% of GDP! That’s beyond what any country has been able to survive. Since 1971 when Nixon took us off the gold standard, the value of the dollar has gone down 97%. Each dollar today is worth 3 cents what it was worth in 1971. And you don’t see any signs of a doomsday scenario?
What’s your point? Are you implying that an increase of 679% is no big deal? Our dollar is still going down in value and we have to get our $36 Trillion deficit under control. Decreasing the size of government is the best way to accomplish that.
What basis do you have for this claim: "Trump’s flurry of activity, at least so far, has made him more popular, not less so, with the American public"?
Aggregate polling data shows that Trump's approval rating has declined—and his disapproval rating risen—since taken office. See e.g. here: https://projects.fivethirtyeight.com/polls/approval/donald-trump/
I was looking only at the most recent CBS poll data. Will check out 538 as well. thx for sending.
My question is: What more can the Democrats do to lure the "working class?" They are the ones who've pushed the programs for child care, equal rights etc. Even though there were black and brown people supporting Trump, it wasn't his concern with the working class that lured them, it was his macho money persona. What I fault the Democrats for, in the last election, not pointing out clearly all the jobs Biden's infrastructure bill created. Now, the Democrats need to start going to those same working people, like those here in Alaska, who are losing money because Trump has stopped the release of already appropriated funds. Democrats also need, particularly white Democrats, need to start calling out these racists for what they are trying to do.
Good question. I think the Dems need to focus on stopping needless layoffs. Pointing to new jobs created can be misleading if the same company, like Intel lays off as many workers elsewhere in order to help finance stock buybacks.
Thanks for sharing that info. It's good to have multiple poll sources. I had seen reports of Trump down and was surprised with the CBS results. But it was CBS. . .
"When we got the debt under control, taxes went down." Yeah, they went down too much. The Bush tax cuts and the Trump tax cuts "added $10 trillion to the debt since their enactment and are responsible for 57 percent of the increase in the debt ratio since 2001."
https://www.americanprogress.org/article/tax-cuts-are-primarily-responsible-for-the-increasing-debt-ratio/
In addition, the evidence is crystal clear that tax rates on the rich and on corporations that are too low breed financial speculation and corporate disinvestment.
"If you look under the hood of the industrial economy, you can see why there is this counter-intuitive relationship between tax rates and economic growth . With high taxes, the only way to retain the bulk of the wealth created by a business is by reinvesting it in the business -- in plants, equipment, staff, research and development, new products and all the rest. But if tax rates are low, then there is more incentive to pull the wealth out, by declaring it as profits that are taxed at what turns out to be too low a rate. In other words, low taxes create an incentive for profit taking, not for business expansion and capital investment.
"This in turn creates an incentive for short-term horizons in business planning. If you’re going to be taking all the profits out of a company, and take home a few million a year, why bother to reinvest anything in the business? You’re going to be rich, and never have to work again, even if the business goes bust."
https://real-economics.blogspot.com/2017/01/why-republican-tax-cuts-always-cause.html
Finally, it is clear that the tax cuts of Reagan, Bush, and Trump have allowed a new oligarchy to seize power, creating massive political and social dysfunction. No one should ever be allowed to be so rich that they can buy as much political influence as the rich do today. All the classic texts of civic republicanism, including the Bible very explicitly, warn about the dangers to a republic of allowing the rich to achieve political control.
I hope your readers understand that you and your children and probably grandchildren owe $36 Trillion dollars! That amount will destroy the country. We owe an amount that no country has ever survived. When the amount owed exceeded 100% of GDP no country has ever been able to recover. We are now about 124%! I say about because the debt is going up around one billion dollars per day.
If the bloated size of government isn’t controlled, you will wind up in the same situation that Roman citizens were in 2000 years ago.
Our government costs 60% more per year today than it did in 2019. It’s out of control and HAS TO STOP!
Except for WWII https://fred.stlouisfed.org/graph/?g=gfT3. There are a lot of twists and turns in this. There are three ways out. Cut expenditures, raise revenues or grow GDP so the percentage goes down. The sign of trouble would be the dollar losing its value. The opposite is happening. Tough to think all this through. thx for your comment
After WW2, our taxes went up to 95%. When we got the debt under control, taxes went down. Never before in history have we ever been this far in debt during peace time. Cutting expenditures is the best way to reduce the deficit. Raising revenue means raising taxes, given that households now owe $1.2 Trillion in credit cards (highest in history) do you think “raising revenue” is the answer? Growing GDP MEANS WORKING MORE! Do you want to take a second job and give it to the government to reduce the debt? How long could that last?
Agree that is problematic but I see no signs that it is a doomsday scenario at least not yet
Deficit at 124% of GDP! That’s beyond what any country has been able to survive. Since 1971 when Nixon took us off the gold standard, the value of the dollar has gone down 97%. Each dollar today is worth 3 cents what it was worth in 1971. And you don’t see any signs of a doomsday scenario?
https://www.in2013dollars.com/us/inflation/1971?amount=1#:~:text=%241%20in%201971%20is%20equivalent,cumulative%20price%20increase%20of%20679.27%25.
What’s your point? Are you implying that an increase of 679% is no big deal? Our dollar is still going down in value and we have to get our $36 Trillion deficit under control. Decreasing the size of government is the best way to accomplish that.