• What power do consumers have in the US economy?

    Best answer: They have all the power. The economy is driven by what people consume.
    Best answer: They have all the power. The economy is driven by what people consume.
    9 answers · 20 hours ago
  • Did Alexandria Ocasio-Cortez compare the eventual southern border wall to the Berlin wall?

    Best answer: That woman is a total moron. She should be charged with inciting a riot.
    Best answer: That woman is a total moron. She should be charged with inciting a riot.
    5 answers · 1 day ago
  • Why is the gap between rich and poor growing in the U.S?

    Best answer: Between the "rich" and "poor" was the "middle class". The "middle class" was where most of the working population was. With factory closures or production moving to lower cost countries, the "middle class" jobs went away. The people who made up the "middle... show more
    Best answer: Between the "rich" and "poor" was the "middle class". The "middle class" was where most of the working population was. With factory closures or production moving to lower cost countries, the "middle class" jobs went away. The people who made up the "middle class" either landed jobs paying higher wages making them more wealthy or minimum wage jobs placing them into the "poor" category.

    While all that was going on, many production jobs that remained in the US were automated - result was people no longer needed to do stuff - robotics replaced people. And the people either found the higher paying or lower paying jobs, but nothing that would be considered "middle class".

    And while all *that* is going on, the federal, state and local tax increases "award" people who make less money by providing different sorts of subsidies, assistance, lower tax brackets and all that... especially in the states that are high-tax states... so the people who make lots of money get taxed at a higher rate to subsidize the "poor". For example, I am in a 40% tax bracket in California... between state and federal taxes... while someone who is "poor" is in a 25% tax bracket.

    And while all *that* is going on the *really wealthy* are not "employed", so if they set it up properly, they have no income tax (and certainly no payroll tax)... Their money is made in tax-free investments... so while "taxing the rich" is an interesting sound-bite, especially since "the rich" have the money to be taxed, in practice, getting them to share their wealth is problematic.

    Some would suggest that the current tax structure for individuals needs to be gutted and replace with a "flat tax". In my mind, any earnings over $35k/year should be taxed at 5%. No deductions for anyone. Not for children, not for mortgage, not for interest payments, not for medical expenses...

    So... if someone makes $10 million in earnings, they pay 5% on everything over $35k. If someone makes $50,000 in earnings, they pay 5% on everything over $35k... 5% across the board for earnings over $35k. But flat tax will never happen because the CPA/Tax Attorney/Accountant etc. lobby would not allow it...

    This means Sales tax and funky local taxes for special projects goes away and federal, state and local government needs to learn to live within their means and stop spending money they don't have. Remember, the only money government truly has is that which we pay to government in taxes...
    9 answers · 5 days ago
  • In the UK, is consumer credit card debt a thing as much as in the USA?

    Best answer: For the future: "Look dear, here's a coupon that says buy one thing we don't really need and we get the next one at 50%!" Yes, but if we don't use it we save 100%. Learn this.
    Best answer: For the future: "Look dear, here's a coupon that says buy one thing we don't really need and we get the next one at 50%!" Yes, but if we don't use it we save 100%. Learn this.
    7 answers · 6 days ago
  • How are corporations similar to individuals?

    Best answer: Corporations, like individaulls, act in their own self-interest.
    Best answer: Corporations, like individaulls, act in their own self-interest.
    4 answers · 5 days ago
  • How is the supply side of the market in a free enterprise economy different from the Demand side?

    Best answer: The demand side is Keynesian model. it means AD can be shifted upward to kill the gap, and delete deflation. And it can be done if AD is less than its potential level. The multiplier effects are here the economics wonder. On the other side, economists believe to lift the AS instead. Give the corporations some tax... show more
    Best answer: The demand side is Keynesian model. it means AD can be shifted upward to kill the gap, and delete deflation. And it can be done if AD is less than its potential level. The multiplier effects are here the economics wonder. On the other side, economists believe to lift the AS instead. Give the corporations some tax cuts and other benefits, like in Reagan's era, they will create jobs and income. But they can't prove the economics wonder still. Trump could be the first one on the supply-side equation.
    4 answers · 5 days ago
  • Do Chavs just not have a Chance.?

    Best answer: No.
    Best answer: No.
    5 answers · 7 days ago
  • Why are Europe and America collapsing whilst the BRIC nations are rising to be the future greatest powers?

    Why are Europe and America collapsing whilst the BRIC nations are rising to be the future greatest powers?

    Ia the new era starting?
    Ia the new era starting?
    12 answers · 2 weeks ago
  • Didn't the 1950s have a rocking economy (because of a 90 percent tax rate)?

    Best answer: That’s a gross oversimplification. Manufacturing was booming.
    Best answer: That’s a gross oversimplification. Manufacturing was booming.
    5 answers · 1 week ago
  • Is Economics /social -sciences stupid ? economics cannot predict a single thing . Nothing?
  • Why do you think the government required people to buy insurance?

    Best answer: If you wish to register a car in order to legally drive it, you have to show proof of current insurance on it.

    Thus, the Obamacare mandate is nothing new or unusual. Why should my taxes pay for your trip to the ER, which you made because you were too lazy/cheap to properly insure your health ?
    Best answer: If you wish to register a car in order to legally drive it, you have to show proof of current insurance on it.

    Thus, the Obamacare mandate is nothing new or unusual. Why should my taxes pay for your trip to the ER, which you made because you were too lazy/cheap to properly insure your health ?
    4 answers · 1 week ago
  • Is it worth it to spend another $250 for another week in a motel, or should I live back on the streets?

    Best answer: find a roommate, rent out an apartment and split the rent. find someone that needs a roommate and find housing that way. you should be able to rent out a room in a rooming house. even university students look for roomates, find one.
    Best answer: find a roommate, rent out an apartment and split the rent. find someone that needs a roommate and find housing that way. you should be able to rent out a room in a rooming house. even university students look for roomates, find one.
    4 answers · 2 weeks ago
  • Is alternating between socialism and capitalism every 20 years the best economic strategy?

    Best answer: No. Constant socialistic policy based responsibly on the net income of a country is the best economic strategy. If you privatized the military every 20 years, you would risk a civil war every 20 years. And for what reason? :P You would also have sudden spikes in death, drops in education and crumbling... show more
    Best answer: No. Constant socialistic policy based responsibly on the net income of a country is the best economic strategy.

    If you privatized the military every 20 years, you would risk a civil war every 20 years. And for what reason? :P
    You would also have sudden spikes in death, drops in education and crumbling infrastructure that is ignored until the next bout of 'socialism'.

    It would cost far more to fix, reinstate & repair everything, then to maintain it.
    4 answers · 2 weeks ago