To be clear: this isn’t the “we stopped paying promised grant money” but is literally the federal government yanking money out of an NYC bank account.

  • Cethin@lemmy.zip
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    13 hours ago

    Yeah, that’s not how it’s worked out in the past. That’s what the elites tell you will happen, then they pocket all the money. It doesn’t “trickle down” like Regan (who increased taxes over his term) lied to you. That is provably not what happens.

    • libertyforever@lemmy.world
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      12 hours ago

      America’s economic outperformance is a marvel to behold

      "In 1990 America accounted for 40% of the nominal GDP of the G7, a group of the world’s seven biggest advanced economies, including Japan and Germany. Today it accounts for 58%.

      America’s outperformance has translated into wealth for its people. he ultra rich have indeed done ultra well. But most other Americans have done pretty well, too. Median wages have grown almost as much as mean wages. A trucker in Oklahoma can earn more than a doctor in Portugal. The consumption gap is even starker. Britons, some of Europe’s best-off inhabitants, spent 80% as much as Americans in 1990. By 2021 that was down to 69%."