What do you think are the major pros/cons of each current generation?

[Eric the Green]

(02-19-2022, 11:11 PM)beechnut79 Wrote:

(02-19-2022, 03:30 PM)Eric the Green Wrote:

(02-18-2022, 11:01 PM)JasonBlack Wrote:

Quote:We can't depend on trickle-down economics schemes and the invisible hand of each person just freely pursuing their own needs to solve these real concerns impinging on us all now in our fourth turning.

You only have to rely on wealth "trickling down" if you are dependent on employment (that term is a leftist caricature of right wing economics btw), but alas, market forces are necessary, but not sufficient.

I'm glad we saw more closely together on most of your reply to me. However, of course trickle down economics is not a caricature of right wing economics, but exactly what it is. Although you really have to understand both the 1978 tax revolt and neoliberalism applied in the USA as Reaganomics to understand that right wing "free-market" economics has crippled us and stymied any progress in dealing with our needs for 40 years and counting.

Most people will always be dependent on employment. I am glad there are small businesses, and entreprenuers, and we need them, subject to regulation so they don't become oligarchs, which we have allowed a few of them to be-- to our general detriment. But most people don't have the temperament to be entreprenuers, and we shouldn't require that of people. Most will still depend on the businesses that entreprenuers or the government creates for their jobs. And that's OK, we need all of it. As long as we don't worship the wealthy CEOs and corporate owners as "job creaters," which they on balance are not, and that wealth does not "trickle down" from them if we give them tax breaks and deregulation and other subsidies. Inequality and increasing poverty and vanishing opportunity for young people is the direct result of our trickle-down economics regime these last 40-plus years.

http://philosopherswheel.com/freemarket.html

Suffice to say that Reaganomics has remained on the shelf long past what should have been it’ sell-by date. When do you think that SBD May finally arrive?

Good question. I actually thought this year was the sell by date. Given Biden's unpopularity, that appears doubtful. According to the right-leaning (but not right-wing) Real Clear Politics site, Trump is now more popular than Biden by 2 points. They use the Trafalgar poll among many others, but that one is a dishonest right-wing poll.

So, if the Democrats lose the House and don't gain several seats in the Senate (let alone lose control there too), the reform era will be put on hold again in favor of more Reaganomics. Perhaps given a favorable aspect in March-May, and somewhat favorable in the Fall, the Biden Build Back Better Bill (the BBBBB) might have a chance to pass, and if so, that would be a good first step for taking Reaganomics out of circulation.