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by joefranklinsr
2919 days ago
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If this was true, then US being the biggest immigrant-friendly country in the world, would do so in a heartbeat. But neither the government nor corporations are advocating this. America currently has the biggest economy in the world, an average of $58,000 income, a low 3.9% unemployment rate while enjoying GDP growth rate of close to 5% in Q2, as well as close to 220,000 new jobs every month, and growth in wage increases. In some areas (like silicon valley), employees are offered 200k-300k salaries. It got to here by having a strong republic/democracy and rules and laws, support technologies in public and private sectors, limit immigration to skill-based, and recently choosing to lower corporate tax rate and reduce corporation regulations. |
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There are other periods of time that have been as good or better with a different political platform. In the 1950s (when America was “great”) the top tax rate was 90%.
Federal politics and the economy are linked, but not 1:1 and the net impact of changes to federal law often isn’t felt for years or decades (if at all).