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The result is not enough income, and the need for debt. And some transfers to the poor as a way to compensate.
More of that is necessarily coming, as we are still moving in the same direction.
What I'm saying is there is not enough jobs for both Americans, under-the-table workers, and Chinese. You may say this worker should get the job rather than that one, but this is not the heart of the issue. The heart of the issue is there isn't enough for everyone. Those who do have the jobs are productive enough for everyone.
Not all debt is for consumption. In fact, most debts are supposed to be for investment . . .
I'm sorry, I don't find robbing other people to be an art
or invest massively in solar/wind,
The politicians who said these things are obviously commies and their opinions show they should be driven from office and kicked out of America.
Investments mean... buying stuff right? As in: money spent on people doing work, who then turn around and spend that money on other things.
Apparently there is not enough of that going on that the gov feels the need to do it itself. Massive quantities of it.
Why? Isn't the money going in a circle? If not where is the money getting stuck, not being spent?
You just need to read your credit card fine prints, or medical payments fine prints, or any such lawyer talk applied to doing business with people not as smart as they think they are. That ought to convince a reasonable man that robbing people is indeed an art.
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Considering the very oldest Zoomer just graduated college, that the largest Milennial cohort by age is about 29, and the non-stop Socialist/SJW propaganda aimed at kids these days, this is really good news.
It's great when kids rebel against Socialist authorities in Education.
Oh, and I've been nattering on about who has kids? Studies - if you can believe them - have Gen Z going to Church more often than either Milennials or Gen X.
Naturally - leftists have fewer kids.