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by johnchristopher
1636 days ago
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Isn't maintenance capacity linked to taxes, which have been decreasing in the US for decades (or so I hear) ? Also: manufacturing moved out of the US so everyone can buy off-the-shelf Asian parts and products so more money is left in people's pocket but that money ultimately goes to landlords who can raise prices ? I am really stupid with economy stuff but I have the strong feeling that we - in the west - are living off of cheap credits and cheap debt and it gives the illusion of being rich because we can buy obligations and financial products and balance spreadsheets between tax-payer's money and private sectors and welfare states and debt payments, etc. but at the end of the day when we need to work on our infrastructure our money is not worth the paper it's printed on since our workers and our tools are not up to the task or we need to pay a huge premium to get some quality work ? Something like that... Edit:grammar, spelling |
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From another of my comments: Rates have gone up and down (down overall at the federal level), but inflation-adjusted revenue is way up, and spending has increased even more than that.[1]
>"I am really stupid with economy stuff but I have the strong feeling that we - in the west - are living off of cheap credits and cheap debt and it gives the illusion of being rich because we can buy obligations and financial products and balance spreadsheets between tax-payer's money and private sectors and welfare states and debt payments etc. but at the end of the day when we need to work on our infrastructure our money is not worth the paper it's written with since our workers and our tools are not up to the task or we need to pay a huge premium to get some quality work ? Something like that. "
I don't think you're stupid at all; the reduction in purchasing power are complex and hard to measure.
[1] https://annualreport.usafacts.org/articles/43-government-tax...