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paul:
what you do not understand about economy is that you will increase the costs for any kind of production dramaticly.
that means that products will become more expensive and will be baught LESS. if products are bought less, it iwill decrease the number of people who get work from it and with that the potencial buyers will become even lesser.
If you want to make growing you have to use the most advantage out of every part. means that technology countries can possibly easier and cheaper find new technologies but they canīt produce them cheap because the labour costs re too high.
you also canīt compare labour costs with standards of a country. I live in Thailand and here the majority have less than a 5000 dollar income per year. but the can live from that. show me an american who can live from 5000 per year.
but to prevent that prices going far over the existing limit they would have to work for that money to make the pricecalculation same it was before.
that what you think will NOT bring higher wages, taxes and less government spending it will be the opposite, because a number of underpaid workers will pay a MUCH LOWER ammount of tax because first of all the % is lower on small incomes as on high and 2nd the ammount is lower too.
if one person is making a million per year the country gets a MUCH higher percentage of that as you give the same ammount of money to 100 workers, right or not ?
so HOW can the taxes become more ?
and HOW do this 100 pay for the products if they do not make sufficient on their production? I tell you what they are going to do - the will safe their own jobs away.
and another thing you should compare is not only the lower income and lower costs in china against higher income against higher costs - the PRIVATE household in china have nearly no dept. so if it would be nessecary there is still potential. in usa this potential was over itīs limit 25 years ago already.
yes maybe after a decade of 50 or 60 years we will find new ways and regulations but they will be based on the same logics of the economic cycle - and we pay this wiseness with 50 or 60 years of wars, revolutions and poverty.
i am not worry about trump and his lobby - they will have made a fortune in that time. who am i worry are the people who are working hard for a little better life but they are handycapped in their knowledge about economies and did exactly the wrong step.
for my opinion a democracy is a pure pharse if people can vote for things waht they do not understand.
and THIS is not only a strategy in the US. that happens all over the world. I remember that they discussed in Germany a few years ago, to give voterights for EVERY member of a familiy - even for babies what are 6 days old. And they had the idea to give that voting right to the parents.
Now imagin a family with 12 children and no clue about nothing have the power to overvote the smartest and highly interessted person with a good knowledge and far view.
That shows EXACTLY the strategy of the political scene in the word because the best option to become the king is to be the one eyed under blinds.
greetings
thommy
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