which party is more likely to help the average person out economically?

Author: n8nrgim

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#1
n8nrgim
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it seems pretty clear that it's the democrats who are more likely to do so. minimum wage, housing assistance, child care, student loans, health care... everything. i admit that a lot of it goes to far and is stupid on the policy details, but it still seems clear dems are better. republicans are more obscure in helping the average person economically... what are your ideas? even immigration is more about poor americans, not average americans. what are the points that republicans have? it's more obscure, like making life good for your boss and hoping it trickles down to you, even though it probably won't. 

most of politics is about the horse race and stupid cultural issues that aren't very relevant. that's the kind of stuff most of ya'll argue about.... you care cause you are told you are suppose to care. 

when it comes to which party is more likely to help the average person, even if they have their problems,,, it's the dems. that's why i usually vote blue.
#2
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@n8nrgim
The average person is not going to be prepared for an economy with a prolonged 5% inflation and a 5% percent Fed interest rate. 

So the real answer is neither party.

it's the dems. that's why i usually vote blue.
Oh- to be young enough again to think voting for the good cop over the bad cop made a difference in the end.

most of politics is about the horse race and stupid cultural issues that aren't very relevant.
You misspelled "All"
#3
Savant
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@n8nrgim
You seem to assume that Democrats are likely to pass those policies effectively and that they will help the average person economically. While it's hard to say what either party is likely to accomplish overall, Democrats get a lot of things wrong.
To their credit, Democrats seem more favorable toward a carbon tax than Republicans, which is something most economists prefer to income taxes. But that's too politically unpopular for either party to pass on a large scale.

#4
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@Savant
Most of the policies that are popular with congress are also popular with big lobby as well. 

There is already documentation of smaller businesses being bought up soon after minimum wage laws were passed. The jobs were then trimmed to fit the streamlined large corporations.

Rent control absolutely favors existing corporate building owners who do not have to compete with new construction and also get the chance to buy out smaller owners who are reliant on only tenant rents as they go under. 

Loan forgiveness is a straight up cash giveaway to every major College as more students will be willing to borrow more thinking it will cost them nothing to do so. That money then goes right into their hands.

Democrats don't tend to like school choice.
In general, choice and competition is not something the big  lobbies support. That is the standard rule.

#5
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@n8nrgim
On the surface, it usually seems as though the Democrats are better for the non-rich. However, one should realize that this seemingly good intention is actually a cynical ploy:  get/keep people addicted to government assistance so that they keep the party giving it in power. 

I know, the Republicans do the same for the rich via tax cuts, but the difference is that the rich provide a “return on investment dollars,” whereas spending money on social programs is just a bottomless pit with little ROI unless it is implemented with the goal to make people eventually self-supporting— which would go against the aforementioned goal of addiction.
#6
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@Savant
You lie. Where do you get your information?
#7
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@cristo71
keep people addicted to government assistance so that they keep the party giving it in power
Ya, like those airline bailouts. The government gave them 50 billion. The airlines are addicted to bailouts. And the pilots benefit from the government largesse.
Bunch of socialists those airline pilots.

#8
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@IwantRooseveltagain
I gave links
#9
Dr.Franklin
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neither, but the left is the only side to at least recognize some of the economic realities such as wage stagnation.
#10
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@Dr.Franklin
neither, but the left is the only side to at least recognize some of the economic realities such as wage stagnation.

At the cost of ignoring inflation...
#11
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@Savant
these American economists are affiliated with Germany. Why?

In February 2022, a survey was sent to American economists currently affiliated with the Institute of Labor Economics(IZA.) Responses from 160 of these economists shed light on their views on what current research says about raising minimum wages and how it will affect the economy.
IZA researchers at our headquarters in Bonn and Berlin conduct pioneering research in labor economics. In-depth empirical research constitutes the foundation of our independent advice provided to policymakers, business, and society…

  • Inflation: A majority (58%) of economists believe raising the federal minimum wage to $15 will contribute to inflation following the pandemic.
  • Automation: Eighty-six percent believe a $15 minimum wage will cause increased automation to replace workers’ tasks.
    Both these things are already happening without a $15 federal minimum wage!


#12
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@Greyparrot
Most system democrats do yes, but my point still stands.
#13
Savant
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@IwantRooseveltagain
these American economists are affiliated with Germany
This seems like an example of the genetic fallacy, or maybe just racism, but I'm mostly just confused about what you think this has to do with the validity of their economic expertise.

Both these things are already happening without a $15 federal minimum wage!
That does not negate the likelihood that a $15 min wage will make inflation worse or that it will lead to increased automation. The expert consensus is that both of those things would happen as a result of an increased minimum wage.
#14
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@Dr.Franklin
What's your standard for recognizing an economic reality? Both parties are identifying problems with the economy all the time, especially if the other side is in office.
#15
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@Savant

Biden's student loan forgiveness—most economists oppose
you are mischaracterizing your link.

Economists did not say they oppose student loan forgiveness.

“Higher education in the U.S. is a broken system that's been allowed to pretty much run wild”


#16
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@Savant
That does not negate the likelihood…
That’s laughable. It’s already happening but if you raise the minimum wage then it will really happen. Lol

The expert consensus is that both of those things would happen as a result of an increased minimum wage.
That’s not true, and no where in your citation does it say that.

#17
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@IwantRooseveltagain

"Academic economists, think tanks and universities, members of previous administrations, both Democratic and Republican, are in almost universal harmony on the Biden student loan forgiveness plan. They think that it is a bad idea."

I don't think my characterization of the source was inaccurate.
#18
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@IwantRooseveltagain
That’s laughable.
I would not dismiss an expert consensus as "laughable."

It’s already happening but if you raise the minimum wage then it will really happen. Lol
I don't know why you insist on strawmanning what I said. Inflation can still increase, even if it is already high.
#19
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@IwantRooseveltagain
The expert consensus is that both of those things would happen as a result of an increased minimum wage.
That’s not true, and no where in your citation does it say that.
I'll repeat the text you cited from my source literally two posts ago:

  • Inflation: A majority (58%) of economists believe raising the federal minimum wage to $15 will contribute to inflation following the pandemic.
  • Automation: Eighty-six percent believe a $15 minimum wage will cause increased automation to replace workers’ tasks.
#20
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@Savant
“There are some economists who support the plan and some who say it's better than nothing. But economists generally do not like student loan debt relief unless it is highly targeted to benefit the people who really need it.“

What percentage of the people getting student debt relief from the Biden plan “really need it”? Do they say? Is it 80%? 90%? 

How many young people with a college degree under 30 yo are doing well in this country? Do they own a home? Do they make the median income? Are they overwhelmed with student loan debt?

Why was college free or nearly free in this country from the 1850s to the 1980s but now we can’t afford it?
#21
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@IwantRooseveltagain
All of that is largely irrelevant to what I said, which is that the majority of economists oppose Biden's plan.
#22
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@Savant
And I’ll repeat that both those things are already happening. So obviously they are independent of the federal minimum wage.
#23
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@Savant
All of that is largely irrelevant to what I said, which is that the majority of economists oppose Biden's plan.
Because it doesn’t fix our broken education system which is tuition is too high.

And only 90% of the people it helps really need help. They are against Biden’s plan to forgive debt because students shouldn’t have needed loans in the first place and 10% of graduates can actually afford to pay off their debt. Thus the plan isn’t perfect.

Gee, that’s brilliantl.

#24
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@IwantRooseveltagain
I’ll repeat that both those things are already happening. So obviously they are independent of the federal minimum wage.
A number of different factors drive inflation, including an increase in the minimum wage.
#25
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@IwantRooseveltagain
Because it doesn’t fix our broken education system which is tuition is too high.
Perhaps, but that's still irrelevant to what I said, which is that the majority of economists oppose Biden's plan.
#26
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@Savant
A number of different factors drive inflation, including an increase in the minimum wage.
Bullshit. Do high CEO salaries drive inflation? What are economists saying about that? What are your concerns about  that?

#27
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@Savant
Perhaps, but that's still irrelevant to what I said, which is that the majority of economists oppose Biden's plan.
Why do they oppose Biden’s plan? Do you know?

#28
Savant
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Bullshit.
A rather bold claim to make when the experts are against you.

Do high CEO salaries drive inflation? What are economists saying about that? What are your concerns about  that?
Again, irrelevant to whether an increase in the minimum wage increases inflation.

Why do they oppose Biden’s plan? Do you know?
It says in the article, but the why wasn't part of the claim I was making.
#29
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@Savant
Neither party cares about stagnant male wages, one of the biggest problem
#30
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@Savant
A rather bold claim to make when the experts are against you.
It’s bullshit because the minimum wage is one of the smallest drivers of inflation. We just had a serious bout of inflation and the federal minimum wage was NOT a factor. The experts do not disagree with that. The amount of rain we get drives inflation too.

You are making meaningless statements- “the minimum wage drives inflation”

So I’ll make one too - rainfall drives inflation