Libhater
Verified User
These theories have fewer regulations (restraints) on businesses and individuals, accompanied with lower taxes. Right-of-left believe in more freedom, especially energy.
President Trump's lower tax rates yielded low inflation, a record low poverty rate and rapidly rising real wages, especially for those at the bottom. Sadly, most journalists and other democrats reflexively opposed these successful policies and sought to destroy Trump every day no matter how much they had to lie (remember the Russian hoax).
Real medium household increased by $4,400 in 2019, reaching an all-time record high of $68,700. This represents a 6.8 percent one-year increase, which is the largest one-year increase in median income on record. Since 2016, real medium household income has increased by 9.7 percent (after adjusting for a Census Survey redesign in 2017).
Income gains in 2019 were largest for minority groups. Real medium income grew by 7.9 percent for black Americans, 7.1 percent for Hispanic Americans, and 10.6 percent for Asian Americans. These one-year increases were all record highs, and the new income levels reached in 2019 were all record highs, as well.
The rise in income was driven by an increase in the number of workers, especially women. There were 2.2 million more people working at some point in 2019 compared with 2018.
Poverty hits record low after largest decrease in over 50 years.
The official poverty rate fell to an all-time record low of 10.5 percent in 2019. Over 4 million people were lifted out of poverty between 2018 and 2019 for a 1.3 percentage point decrease. This was the largest reduction in poverty in over 50 years.
Socialism and big Democrat run government polices are not the best way to make the economy thrive for all Americans; it didn't work for the Soviet people under Joseph Stalin, or the German people under the Nationalist Socialist German Workers (Nazi) party. Capitalism and a thriving private sector yields the most prosperity for the greatest amount of people.
https://www.americanthinker.com/blo...oreign_corruption_and_government_control.html
President Trump's lower tax rates yielded low inflation, a record low poverty rate and rapidly rising real wages, especially for those at the bottom. Sadly, most journalists and other democrats reflexively opposed these successful policies and sought to destroy Trump every day no matter how much they had to lie (remember the Russian hoax).
Real medium household increased by $4,400 in 2019, reaching an all-time record high of $68,700. This represents a 6.8 percent one-year increase, which is the largest one-year increase in median income on record. Since 2016, real medium household income has increased by 9.7 percent (after adjusting for a Census Survey redesign in 2017).
Income gains in 2019 were largest for minority groups. Real medium income grew by 7.9 percent for black Americans, 7.1 percent for Hispanic Americans, and 10.6 percent for Asian Americans. These one-year increases were all record highs, and the new income levels reached in 2019 were all record highs, as well.
The rise in income was driven by an increase in the number of workers, especially women. There were 2.2 million more people working at some point in 2019 compared with 2018.
Poverty hits record low after largest decrease in over 50 years.
The official poverty rate fell to an all-time record low of 10.5 percent in 2019. Over 4 million people were lifted out of poverty between 2018 and 2019 for a 1.3 percentage point decrease. This was the largest reduction in poverty in over 50 years.
Socialism and big Democrat run government polices are not the best way to make the economy thrive for all Americans; it didn't work for the Soviet people under Joseph Stalin, or the German people under the Nationalist Socialist German Workers (Nazi) party. Capitalism and a thriving private sector yields the most prosperity for the greatest amount of people.
https://www.americanthinker.com/blo...oreign_corruption_and_government_control.html
