The way I see it is most of the money goes to the rich and the 1%. The 1% that owns all the companies that everyone works for are always looking for ways to increase profits and remain competitive. That means setting up their companies offshore to avoid taxes as well as hiring in other countries for lower wages. Isn't the end result people getting paid less while there are less and less jobs because of a greed based economy?
It used to take about 5 years to save up for your first house in some parts of the world. Now it is 12 years and many relying on their parents to help them get over this hurdle? If people have less to spend companies are pulling in less profits because the money is just not there to go around.
You setup large companies in communities that sell good for cheaper prices causing smaller businesses to close up and shut down, eventually these large companies pull out leaving ghost towns in places etc. Not that this happens everywhere but have heard of this happening. Many jobs are being replaced by machines or where the customer now does the work that employees used to do saving these companies even more money. There was just something on television about it today.
Promising future with how the economy is currently setup? I don't know. The good thing is this is all figured out and run by experts who do know what they are talking about and use terms like "the trickle down effect" etc.
It used to take about 5 years to save up for your first house in some parts of the world. Now it is 12 years and many relying on their parents to help them get over this hurdle? If people have less to spend companies are pulling in less profits because the money is just not there to go around.
You setup large companies in communities that sell good for cheaper prices causing smaller businesses to close up and shut down, eventually these large companies pull out leaving ghost towns in places etc. Not that this happens everywhere but have heard of this happening. Many jobs are being replaced by machines or where the customer now does the work that employees used to do saving these companies even more money. There was just something on television about it today.
Promising future with how the economy is currently setup? I don't know. The good thing is this is all figured out and run by experts who do know what they are talking about and use terms like "the trickle down effect" etc.
Last edited: