CONSERVATIVES VS. SOCIAL DEMOCRATS
Who are the Conservatives (The Republicans) and less conservative and a little more social democratic (The Democrats) in the U.S. create 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 presidents is more than twice as high under Democrats as under Republicans.
Democrats : 87 %
Republicans : 40 %
The majority of Republican presidents have caused the economy to fall or stagnate.
Contrary to conservative popular beliefs, Lowering taxes doesn't grow the economy. On the contrary, Raising taxes and creating more local wealth; So more economic growth.
Raising taxes allows for local services, with local jobs that are part of the GDP.; which increases local collective wealth.
Reducing taxes and duties allows for little reinvestment in local firms and a lot of capital flight in purchases of imported goods and services abroad (such as travel). This is actually driving away billions of dollars in capital. For example, The purchase of oil and vehicles bring out up to 90 % of money spent, outside Quebec. This creates more local poverty and more wealth abroad.
And since Conservative governments have to cut services to the population, there is a decrease in GDP. Because education and health services are part of the GDP. local. Since close to 100 % Wages go back into citizens' pockets locally.
It's no surprise that in the most heavily taxed country, Finland, Salaries are among the highest; The population has the right to more services; And it is in this country that people are 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.
The Scientific Reality, as described by economists, is that runoff doesn't work. Today, The poor are getting poorer and the rich are getting richer. Eliminating taxes only enriches the wealthiest. And the gap between rich and poor has never been so wide in human history.
And in the current context of a labour shortage, Wanting to have more investment to create more jobs is obsolete. There is no point in trying to offer more jobs when there is a labour shortage. It's better to offer more essential services that enrich us all; rather than unnecessary and non-essential services (like the fuel consumption problems that are the automobile, Goods, Travel, etc. ) that impoverish us collectively.
Yves Marineau
Sociologist
