CONSERVATIVES VS. SOCIAL DEMOCRATS
Between the Conservatives (republicans) and the social democrats (democrats) in the USA, which generate more wealth ?
Democrats
Source : https://www.macrotrends.net/2481/stock-market-performance-by-president
Republicans.
Source : https://www.macrotrends.net/2481/stock-market-performance-by-president
The average growth of the economy under the Democratic presidents is more than twice higher to that under republican presidents. Here are the comparative figures :
- Democrats : 87 %
- Republicans : 40 %
Many Republican presidents have resulted in stagnation or a decrease in the economy. Contrary to popular belief, Reduction of taxes and taxes does not necessarily stimulate economic growth. In reality, Increasing these contributions can generate more local wealth and support economic growth.
Impact of Taxes and Taxes on the Economy
Increasing taxes and taxes makes it possible to finance local services and create jobs, thus contributing to Gross domestic product (Commence) and collective wealth. At reverse, Reducing these levies often leads to a drop in public services and a thread of billions of dollars in capital abroad (purchases of imported products, external services like travel), which weakens the local economy. For example, The purchase of oil and vehicles exports approximately 90 % Money spent outside Quebec, thus creating increased local poverty and enriching foreign markets.
Public services and GDP
Conservative governments, by reducing public services, Lower GDP, Because sectors like education and health are part of it. These wages return to the local economy, supporting purchasing power and economic stability.
International comparison
The Finland, One of the most taxed countries in the world, illustrates this dynamic well. Wages are high there, the population benefits from many services, And this is one of the countries where the inhabitants declare themselves the happiest.
Economists vs. Managers.
Managers promote their own interests and those of their shareholders, and ride the myth of collective enrichment thriving through tax cuts, investments and profits that would trickle down; The poorest classes, through the middle class.
Tlowing myth
Unlike the discourse of business managers promoting tax cuts to enrich the middle class and the poorest, the economic studies show that the runoff does not work. Inequalities are widening, The rich enriching more while the poorest become poorer.
Belief versus science
Here is a striking example of the conflict between the beliefs of managers based on myths and analyzes of economics, that, they, are based on factual and verified data; in other words, the facts.
Shortage of labor
In the current context of shortage of labor, Investing in the creation of additional jobs is ineffective. There is no point in trying to offer more jobs when there is a labour shortage. It is better to strengthen the essential services that benefit all, rather than supporting non -essential sectors (like the fuel consumption problems that are the automobile, Consumer goods, Travel), which collectively impoverish the company.
Economic growth and environment
At a time when the economic decline is increasingly considered as a solution to preserve the environment, It seems paradoxical to continue to support policies focused on the economic development. Vote for conservative parties in the hope of preserving the environment, by reducing or slowing growth, highlights a lack of viable political and economic alternatives.
This situation highlights the urgency of a collective reflection on growth models durables and coherent political choices that really integrate environmental protection without sacrificing collective prosperity.
Yves Marineau
Sociologist
- Note : I have not yet had the opportunity to calculate the average monthly growth rate under each party. The figures indicated here represent total growth, assuming that the two parties exercised power for an equivalent period, which is not precisely the case. What's more, The economic policies of the previous government often influence the economy at the start of the following mandate, which complicates the exact attribution of growth. It would therefore be difficult to remove the impact of the first months from a new mandate without precisely determining the period during which the economy still reflects the influence of the previous party in power.
