Comments by "" (@badluck5647) on "'Disgusting': Rick Scott reacts to Pelosi attack" video.

After the Trump tax cut, the economic boon lead to very low unemployment. This low unemployment resulted in wage increases as employers had to pay more to both recruit and keep employees. This is much preferable than the Biden strategy of paying people to drop out of the work force if they weren't payed an above market rate. All this did was reduce economic productivity and exacerbated inflation issues.
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@lorinelson7523 The Department of Labor disagrees with your false claims. Pre-covid wages were on the rise due to record low unemployment. Higher wages under Biden don't mean anything when inflation eats away the raises. Biden decided to pay people to not look for work even when vaccines are widely available. This forced business to pay an above market rate for labor without an increase in productivity. The resulting labor shortage and higher cost met consumers had to either deal with shortages or higher costs. The rules of supply and demand don't care about superficial liberal opinions on economic fairness.
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@jilliancopeland6825 The best thing Trump did to help the economy was to not be Obama. With Obama gone, investors and businesses felt secure that they could expand their business without the risk of Obama destroying their investments through dumb regulations or new taxes. There is a reason the economic boon happened almost immediately after Obama left the White House. Also, your stats are stupidly misleading. Obama had more jobs to create because his mismanagement of the recession resulted in higher unemployment. Meanwhile, Trump's economy had more jobs than workers, so there wasn't any room to hire. To fill those new positions, companies ended up paying more to recruit people who already had jobs.
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@L._Diaz I can't tell if you are intentionally being misleading or if you are just a gullible idiot. Obviously, if you include the covid lockdown into your data it is going to skew the results into a false conclusion.
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@gregb1374 You know you need "capital" to build a plane or car? Imagination isn't going to buy the expensive equipment required to build anything. Creativity isn't going to pay the salaries of new workers in a risky endeavor. You need investors to put up capital to start up a new business.
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@randyscrafts8575 You obviously don't know anything. Reagan is the one who raised the corporate tax rate, while cutting most other taxes. Your madeup narrative is nonsense, and you should be ashamed of your falsehoods.
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@randyscrafts8575 Maybe read a book instead of making up stuff you feel to be true. Reagan cut personal income taxes, while raising capital gains and corporate taxes. This is called tax reform.
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@dma8657 It is funny how people who hate shareholders don't realize they are mostly retirement accounts. Greedy, greedy people who don't want to work into their 80s.
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@dma8657 I wasn't accusing you of anything. I was amused at how some progressives hate corporate profits until they see how their 401ks are preforming.
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@randyscrafts8575 H.R.4242 - Economic Recovery Tax Act of 1981 Look it up. Congress has made it public on a government website.
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@gregb1374 Capitol is just assets owned by private individuals. While banks do loan money for investments, riskier bets like Uber, Facebook. Amazon, est. require individual investors to risk their own money for a chance for profit latter. This is different from socialism where the government owns all the means of production, and refuses to invest in innovations that could destabilize their monopoly.
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@gregb1374 That sounds nice and all, but it isn't realistic. Sometimes workers need to be fired, because if the business isn't profitable, then it shuts down or is a drain on the overall economy. You also don't like people making profit on investments, but innovation grows ones quality of life and investments are sometimes needed to meet increases suppliers in order to avoid either higher prices or shortages. The Soviet Union was more equal economically, but their system lead to a poorer quality of life for everyone. Capitalism is definitely flawed, but the alternatives are much worst.
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