Purchasing Power is How You Measure Class Strength
Per the Washington Post, an article implied the Middle Class is stronger under Donald Trump since average income for the Middle Class is now $61,000 dollars over the last year.
All because of Trump, correct? At least Donald Trump praisers think so.
But, is Trump’s strong central-planned, pro-tarriff policy (which is really a tax on Americans) taking credit for such an economic boom?
See, that’s where the critical thinking stops for Conservative America. Now that the average income for the Middle Class is $61,000, we’re living in a great society again, right?
Not right. Not right one bit.
And Conservative America must stop bowing to Donald Trump’s every claim he’s making America great again.
Donald Trump’s Great Big Government Extravaganza
Make America Great Again by taxing your own people with tarriffs.
Make America Great Again by expanding foreign intervention, which costs money.
Make America Great Again by signing an omnibus spending bill into law.
See, there’s something out there called inflation. As the dollar inflates, its value decreases, which often gives off the illusion that people are getting richer because they may just get that pay raise they were looking for when Trump cut those taxes.
So much for the pay raise, because he forgot to cut government, as I stated back when he signed the tax cuts into law last year.
When the Republican-controlled Congress passed one of the biggest omnibus spending bills ever last year and Trump signed it, I was proven right.
So much for a man who ran a campaign based on small government, cutting government spending, and cutting overseas intervention. Sure, he wanted a wall to keep foreigners out of the country, but other than that, he advocated small government.
I’m trying to find where the small government begins.
How do you pay for a $1.3 trillion dollar bill with money you don’t have? $78 billion to fight a perpetual war based on lies?
You can’t tax, because you cut those and everyone got bonuses, which soon became irrelevant due to Trump’s reckless spending (space force, anyone?).
Ha, space force! Trump’s taking credit for originating such a term. Just ask John Bolton where the term space force came from. He might point you in the right direction.
There are two other ways to pay for something with money you don’t have.
Well, when you have control of a monopolized, government-issued monetary supply, it’s not hard to push a button and create paper out of thin air and call it money.
Which is what went on this year.
Which, of course, is big government! But Trump, and the Republican Party, love small government! Don’t make me laugh.
Yeah, surely small government, which is why our government continues to spend $52,000 per second, and we all thought Republican-controlled government meant less spending.
Well, all you need to do is check out this long article from Mises regarding Reaganomics and it’ll tell you everything about GOP-controlled government spending. Spoiler alert! It’s quite the opposite of what Republicans, Conservatives, and Reagan himself preached.
Purchasing Power Measures Class Strength
So, how do you measure prosperity?
Why not look at purchasing power? What if I told you purchasing power measures class strength?
How much can a dollar get you today as opposed to yesterday?
For instance, if $7,000 was sufficient for a family of four to live on in 1953 and $61,000 is sufficient for that same family to live on today, can $61,000 buy you more today than what $7,000 bought you back in 1953?
If the answer’s no, you’re looking at false prosperity.
If $7,000 could buy you more in 1953 than $61,000 can buy you today, it’s false prosperity.
This is how you measure purchasing power.
I could give an entire history lesson regarding this subject, but it’d have to be broken down into a five to seven part series and would take a lot, and I mean a lot, of research and citations.
Always ask yourself what the money you have today can buy you versus what a fraction of the same money you have today could’ve bought you years ago.
My grandfather once said when he was young a bottle of pop cost between five and ten cents. That same bottle costs $1.50 out of a vending machine.
Bottle of water?
Around the same.
You get the gist of it.
So, when the Trump Train parades around the new Middle Class standard, ask them about purchasing power.
Can they buy more commodities with the money?
If they don’t have an answer, or resort to insults (you’d be shocked how many on the Trump Train do this when you call checkmate), rest assured, they know the answer and it’s a resounding no. Trump fans might just want to find a safe space to cower into.
Always ask yourself critical questions before jumping to any type of conclusion regarding anything told to you in the media, both conservative and liberal media; they’re all owned by the same group of people. Rupert Murdoch sold 21st Century Fox to ABC, so that should tell you something. Especially the fact Ben Sherwood’s the President and Chairman of ABC.
Anyway, it’s a shorty blog, but it’s something I came across and wanted to point out before anyone relishes in false prosperity.