I don't think Conservatives or Progressives correctly understand economics

a better world · Nov 8, 2018

LafayetteBis said: ↑

Yes, and so what? The rate for the entire EU is 17.3%!

It has an unemployment rate comparable with most developed EU countries where the value is somewhere between 20 % and 25 %!

THAT is what counts. What is "relative" or "comparative" matters, not absolute number non-comparable.

My Point: Poverty is something that is defined differently in different countries. At what income does the "Poverty Threshold" begin? Economists would do better to have a definition that was unique to all developed nation. And, there should be a generally applied method for defining the Poverty Threshold of developed countries. It is not even worth the effort of knowing comparative weights in countries that are not comparable economies. One cannot compare an oil-rich Saudi Arabia with a comparatively rich France, for instance. Because the sources of "income" are very different.
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But I'm sure entrenched poverty is equally debilitating and demoralising in Germany or the EU or the US.

So obviously there is more to poverty eradication than a "reasonable" tax system. Besides, do you notice how European sports and film stars who are able to earn a fortune, always seek to protect their $multi hundred millions via tax havens? Hm...

a better world · Nov 8, 2018

LafayetteBis said: ↑

I could care less about the above.

All that is important, to me (and in the context of My Country), is that the political system should be fair and equitable. And since 1812, the US electoral system has been rottened by Gerrymandering and the Electoral College. Both warp the popular-vote in order to obtain a politically favored election result.

And Americans have thought all along (despite the factual evidence) that theirs was the Greatest Democracy on Earth. Instead, the electoral manipulations are manifestly evident!

What planet intellectually do they live on? One of bombastic superlatives, that's what ...
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And why do gerrrymanders arise? (not only in the US...)

ie exactly who wants to be "politically favoured" ? (Hint: I've already given you a clue, and it's nothing to do with "excuses").

And btw, didn't Obama have control of the House and the Senate for a period? Was he asleep at the wheel?..

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I don't think Conservatives or Progressives correctly understand economics

a better world Well-Known Member

a better world Well-Known Member

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I don't think Conservatives or Progressives correctly understand economics

a better world Well-Known Member

a better world Well-Known Member

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