[quote=“Sidney, post:2573, topic:19239, full:true”]
From 1966 to 2011, the bottom 90% of Americans saw their income increase by $59 adjusted for inflation while the top 10% saw their incomes increase by an average $116,071 adjusted for inflation. That’s an ocean of demand destroyed right there.
For all its faults, Ireland is actually a very good example of how state investment in third level education has prepared young people to adapt to changing work environments and high skill professions. Multi-nationals wouldn’t come here if there wasn’t a highly-educated workforce and the state is key in providing it.
Sanders is the victim of rhetoric over small business, not the purveyor of it. He supported the 2010 Small Business Act which invested 30 billion dollars in small business. His policies on education were squarely aimed at addressing skills shortages and his stance on keeping net neutrality is pro-small business. Trump wants to tear up net neutrality. That’s anti-small-business. Trump’s immigration policies are disastrous for small business.[/quote]
Why do you think income for the bottom 90% has stagnated over the past several decades? First of all only approximately half of that number are in the work force, the other half are dependent on the government. The biggest reason is that the decent paying jobs have gone as manufacturing and services were outsourced. Other than HRC being a horrible candidate, that’s the second reason Trump was elected, as he is the first presidential candidate to really make that issue a main plank of his campaign. Outsourcing didn’t just impact employment with large corporations, lots of small businesses were involved in supporting larger business, sub contracting, etc.
Are you having a laugh about Obama helping small business? Visit the US and talk to some small business owners, and ask them what they think of Obama. All they have seen under Obama is high costs in the form of onerous regulations. The cost per employee for small business to comply with federal and local regulations is almost $12K per employee, and a whopping $35K for manufacturing companies with less than 50 companies (the average for all businesses is $20K so there’s a huge penalty on small businesses).
The fundamental issue however is the tax system which encourages multinationals to offshore and retain their profits in tax havens, while burdening small businesses who have no such option. Reforming the tax system isn’t easy however as both parties are in the pockets of the MNCs, and anyone thinking otherwise is deluded. Trump at least has a shot at getting it done as he understands how business operates, unlike Obama and Sanders in particular who never worked a day of his life in the private sector.
I agree with you on Ireland.