2006-10-27 09:34:29 · 13 answers · asked by david c 4 in Politics & Government ➔ Politics
It is a good economy. Move to where the economy is at is the lesson to be learned here. That is what is so awesome about this country. If you don't like your station in life, then there are ways to improve it. There are opportunities for everyone if you are looking and willing to learn and work.
2006-10-27 10:02:11 · answer #1 · answered by Brzo Biciklo 5 · 0⤊ 0⤋
It's actually the gap between the rich and the poor that is of more concern to me.
The so called middle class is the majority and in no danger of finding themselves desperately poor in the near future - although sometimes I wonder if that balancing act can be maintained.
I don't have any easy answers as to how this situation can be minimized in a somewhat free enterprise system. I don't believe for a moment that income redistribution is the answer - it seems obvious to me that hard work and success in whatever you do should have its rewards.
I have always felt, however, that there is a fine line between 'need' and 'greed'.
In answer to your question - no, I would not call it a "good economy" - but I believe, based on our standard of living, that it is still one of the best, if not the best, in the world.
2006-10-27 16:47:26 · answer #2 · answered by LeAnne 7 · 0⤊ 0⤋
I would say it was irrelevent.
The gap is nothing more than class warfare, at it's lowest common denominator, by the liberals and democrats. They want you to believe that the rich are somehow keeping the middle class and poor down. Nothing could be farther from the truth.
The truth is that all income groups get richer over time, but the rich tend to get richer faster. Please see the US Census data I link to below for proof.
I want you to think about it logically. Who are the rich primarily composed of? People who are highly educated professionals and people who start and own businesses. If you punish the rich by punishing them for being successful, then what motivation will they have to start businesses or obtain advanced education?
Small business owners start their businesses by risking their time and capital, with the hope of it paying off big some day. Small business employs most people in this country. If you penalize those who take the risks, do you expect them to continue doing so?
I don't know about you, but I want doctors to earn lots of money, so there will be more of them to put in the 8 or 10 years of education and supervised work experience it takes to become one. I want small business owners to become rich while they build their business, expand and employ more people. I want highly paid engineers bringing new and better products to market.
The rich also pay most of the taxes. The top 25% pay 85% of the federal income taxes. The bottom 50% pay only 3.3% See IRS Data link below
2006-10-27 17:02:02 · answer #3 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
there will always be poverty, because it is a mental disorder, for the most part. Right now, the Dow jones industrial average is the highest it has ever been, unemployment is at 4.7%, the economy is strong.
poverty will be encouraged by social programs paying people not to work. which goes against the darwinian ethic of survival of the fittest. social programs allow people to continue to exist, that wouldnt otherwise. unless they go get a job. or an education, better pay attention in school
2006-10-27 16:41:37 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I would call a large middle class a darn good economy.
No matter what the spread between the rich and middle class is.
2006-10-27 16:37:25 · answer #5 · answered by DW 4 · 1⤊ 0⤋
Sure it makes the DOW look better when the rich get richer.
Then you can use it a political propaganda.Tell al the people with no significant savings that Bush is making money for America.
(Look how good the economy is all the Corporations with no bid open end contracts are doing just fine)
Go big Red Go
2006-10-27 16:55:18 · answer #6 · answered by Anonymous · 0⤊ 1⤋
What middle class, I am poor but have a good job, if you have a house and a car you are rich to me.
2006-10-27 16:38:18 · answer #7 · answered by Scott B 4 · 0⤊ 0⤋
The US is NOT socialist. That is what makes us great. Anybody
can prosper. Unfortunately, we have some who choose not to play in our Democracy game. Mostly those who follow the lead of a misguided few.
In communist and socialist societies there were some who prospered. They were the elitist (we have them in the US too).
But for the majority they were opressed!
Every communist or socialist expriment in history has failed!
2006-10-27 16:45:39 · answer #8 · answered by Jack G 3 · 1⤊ 0⤋
I would call the lowest unemployment rate (4.6 %) a good economy. As apposed to 5.6 % under Clinton
2006-10-27 16:39:41 · answer #9 · answered by Marcus720 2 · 0⤊ 0⤋
Haven't you heard? The middle class is be illuminated. It won't be much longer and we'll be gone. And that won't be good for my economy.
2006-10-27 16:40:02 · answer #10 · answered by flip4449 5 · 0⤊ 0⤋