The numbers to reflect congressional control from 1947 to current (2023). 

* Average annual GDP growth rate under Republican Congress: 3.97%

* Average annual GDP growth rate under Democratic Congress: 2.98%

* Average annual GDP growth rate under Split Congress: 2.54%

Even broader timeframe. From 1945 to current (2023), 

* Average annual GDP growth rate under Republican Congress: 4.03%

* Average annual GDP growth rate under Democratic Congress: 3.04%

* Average annual GDP growth rate under Split Congress: 2.63%

And breaking down further:

* Republican Congress (including 1945-1947): 4.03%

* Democratic Congress: 3.04%

* Split Congress: 2.63%

Job market performance also varies by congressional control:

* Average monthly job growth under Republican Congress: +184,000 jobs

* Average monthly job growth under Democratic Congress: +157,000 jobs

* Average monthly job growth under Split Congress: +134,000 jobs

Data from Bureau of Labor Statistics (BLS), covering 1945-2023 period.

Total job growth in millions:

* Republican Congress (1945-2023): +74.6 million jobs

* Democratic Congress (1945-2023): +54.4 million jobs

* Split Congress (1945-2023): +23.5 million jobs

Data from Bureau of Labor Statistics (BLS), 

The sources include:

* Bureau of Economic Analysis (BEA) for GDP data

* Congressional Research Service reports on congressional control and economic data

* Federal Reserve Economic Data (FRED) for additional economic indicators

* Historical congressional control data from:

 + House of Representatives Clerk's website

 + Senate's official website

 + Congressional Quarterly (CQ) publications

Specifically, GDP data comes from BEA tables 1.1.1 and 1.1.6, while congressional control data is compiled from various sources listed above.

Keep in mind too, that democrats have been in Congress FAR longer than Republicans have too. 

I’m not successful by any means currently but I truly believe if you hate success and vilify all rich people you won’t be able to achieve that for yourself. More importantly 99% of the hatred towards wealthy people I see on Reddit and online in general cannot be warranted. Most people genuinely believe you cannot become wealthy without harming someone else. Thats a zero sum mentality and it breaks down the second you think about value adding. The basic idea I’ve always used to describe this is the furniture seller. If someone gets rich selling furniture who did they harm along the way. The lumberjack who cut the would got money that they deemed worth it for their service. The mill who refined the wood got money they deemed worth it. The distributor of that wood also did. The person who designed that furniture did. The person who cut and assembled that furniture did. Maybe another person who finished and painted the furniture also benefitted. And then the end purchaser obviously decided it was worth it or they wouldn’t buy. So who exactly was exploited along this line?

Anyway, I’ve made this argument 1,000x and most people who vilify success or think all ultra wealthy people are bad, are not the type of people who are willing to change their outlook. I’m tired of trying to make the argument.

I want to be in more communities with like minded people who know building wealth isn’t evil and exploitative, it’s actually a massive social good. Can anyone point me in the direction of some good places? I’m in some good subreddits but wouldn’t mind more suggestions, and also would just like to get off this site in general outside of entertainment. It’s always been a cesspool of super far left thinking but it’s gone too far. I think certain sites like Hackernews might be more economically logical and friendly to businesspeople, and I’m looking for more along those lines. Thanks!

If you were planning on hiring a financial advisor/planner, would you care about their philosophical/economic beliefs? Would it even matter?

thanks for proving my point

https://preview.redd.it/vnm9n2cewp3e1.jpg?width=600&format=pjpg&auto=webp&s=84edf0afaca64f5a0fa7a6b34c1fb79ce7898646

1. No need for government
2. No need for any recognition of property right by government (or anyone, not even the owner)
3. No complex rules. For example ever got banned by Facebook for violating "community standards". In bitcoin world if you are not supposed to do something, chance is you simply can't.
4. No racism, sexism, etc. No body knows you are a dog in blockchain
5. No regulation.
6. No crab mentality regulation. You win you win. Many have won a lot. In earth, smart people have to learn as slowly as others.
7. No tax. You can create a wallet and trade or whatever and earn a lot of money. Earning money in web 3.0 can be done in ways that is not taxable. I mean it's not your money. It's just a an address in a computer with none of your name on it. What's taxable is when you want to use the money for fiats or to live in normal world. BUT, some countries, like Singapore, don't tax that either. Some country like Indonesia don't tax capital gain. Some country, like US, don't tax tips. Consult tax lawyers. Methods are either legal or illegal but hard to caught.

Today, I started a new book. The Unfair Trade by Michael J. Casey. It enlightened me and helped open my eyes to the intricate relationship between the US and China. If we are truly committed to addressing economic inequality and the climate crisis, we must fundamentally reimagine our economies, consumption practices, and trade agreements. 

We also need to look beyond the propaganda that pits us against China, even though the national security concerns surrounding China are valid to an extent.

Here’s what I learned: Americans consume cheap goods and services produced in China. In this exchange, US consumers transfer their wealth to China, receiving products in return, while business leaders pocket the profits. The Chinese government requires that all the US dollars flowing into the country be converted into its local currency, the yuan, through the People’s Bank of China. This enables China to manipulate its currency, intentionally devaluing it to maintain its monopoly in producing cheap goods and services.

The Chinese government then accumulates vast reserves of US dollars and invests them in US securities and treasury bonds. These safe investments solidify the feedback loop, further concentrating wealth among an elite few at the top of both countries. The flow of wealth back to major financial markets and corporations in the US amplifies inequality and entrenches the systemic nature of global capitalism.

Over time, this dynamic has lead US multinational corporations to offshore jobs to cheap labor markets like China while simultaneously raising prices of goods and services at home for Americans. In China, this system exploits workers with low wages and poor working conditions, all while the government continues devaluing its currency to maintain its dominance in global manufacturing.

Politicians in both countries, who will do anything to stay in power, have embraced this vicious cycle with open arms. In the US, they understand the demand for cheap, readily available goods and the relentless pursuit of profit by corporations and financial institutions. Policies, trade deals, and foreign relations have cemented this feedback loop.

But this cycle comes at a steep price. Environmental degradation, labor exploitation, and extreme economic inequality are just the externalities of this relentless pursuit of profit.

The US government has cemented this relationship through free trade agreements that have allowed corporations to offshore jobs and exploit cheap labor markets abroad. Both political parties in the US, have embraced neoliberalism and been captured by wealthy and corporate interests, have perpetuated this self sustaining feedback loop.

An important nuance to this analysis, would be the neoliberal or “establishment” perspective. This perspective highlights massive wealth creation, improved GDP numbers, increased consumer access to cheaper goods and services, and even lifting some groups of people out of extreme poverty. These are all real outcomes and not being disputed. However, they only represent part of the story. The other part included extreme wealth inequality, labor exploitation, the erosion of labor rights and democratic values, and the degradation of our environment. These outcomes are just as real, and cannot be ignored.

Hey, let me preface by saying I am absolutely the sort of person I'm talking about in the post title.

I'm simply not a career oriented person, and I don't think I really have it in me to become one. I think doing what makes you happy outside of your career is what makes life truly worth living.

I work a typical full time factory job, and simply having a space to call my own seems like a pipe dream.

The past decade I've felt myself becoming increasingly disillusioned with capitalism, and the absurd price hikes of pretty much everything under the sun the past few years has increased those feelings.

I'm a firm believer in the idea that anyone working 40 hours a week should be able to live somewhat comfortably, but with cost of living how it is, especially housing costs, it isn't really possible for most.

It blows my mind when you bring up how insane cost of living is right now you get droves of people acting like there isn't a problem. How prices skyrocketing faster than wages are is simply an issue of people not working hard enough. These observations always get met with something along the lines of "have you tried working 3 jobs and a side hustle and splitting a 1 room shack in the swamp with some roommates." I just don't understand how so many people defend this cycle of having to work harder and harder for less and less we seemed to have found ourselves in.

Now I fully understand why work is important. At the end of the day your job is your contribution to society, the part you play in keeping the world running. Even in a completely moneyless society, food needs to be grown, houses need to be built, car parts need to be made. I get it. But I also think even the most "low skill" jobs are providing services that are essential to our current ways of life and deserve to have comfortable lives outside of their jobs (I won't get into my opinions on how the unemployed should be allowed to live, because many would disagree and it'll just derail the conversation I'm looking to have here).

I've always hated the idea "low skilled workers" don't deserve a living wage. Its rhetoric that always struck me as the people at the top trying to turn the people in the middle against the people at the bottom to get away with paying EVERYONE what they're actually works to line their pockets more.

I remember back when $15/h minimum wage was one of the big American talking points. I remember a woman commenting on that something along the lines of "I'm and EMT and I make $15/h, some burger flipper shouldn't be getting the paid as someone in my field," and all I could think of "you worked your ass off to get into such a demanding and 'high skilled' career just to make a wage that would barely get you by in your average city, and you don't see anything wrong with that? You don't see how you're getting screwed? Why are you turning your anger towards workers who are just looking for enough to survive instead of to the powers that be paying you nowhere near what your labour is worth?"

Now one thing my parents always told me was "don't expect to have a lot of money in your 20s, that comes with time." I do get that, however I also feel like for a lot of people just starting out don't really have the same hope as "finances getting better over time" is just... gone largely due to a lot of today's companies largely undervalue their employees.

My parents weren't "grinders", didn't go to college, they just settled into some job and stayed their all they're lives. When I was young I don't think we were "dirt poor" but disposable income was definitely extremely limited. Over time finances gradually got better just from the virtue of the fact they've been working at the same place longer and longer. In a lot of today's working world employer loyalty does almost next to nothing for you and 100% benefits the employer because today's worker is more undervalued than workers have been in decades.

I'm not quite sure what my exact goal with this post is. While I don't think anyone here's gonna be able to sell me on "capitalism is great actually", I find that these things are a heavy burden on me and discussing it with likeminded peers getting met with "yeah it does suck doesn't it" isn't getting me anywhere. I guess I'm hoping I'll innevitably run into some insight that at least helps me manage better in this world.

Capitalism and 9-5 very bad👎 You guys give tips and advices how to avoid it = very gud!👍

Thanks for playing a role for motivating those moderate, independent voters, and reluctant voters who got off their asses two weeks ago and had enough of “too far left”.

Thanks a lot!

A special thanks to bloodfart. Bloodfart, you alone probably created a hundred trump supporters - well done!