Notices by youshouldknowthis (youshouldknowthis@mastodon.social)

@freemo @QasimRashid

Perhaps you have a link you have read from, you may share?

Or otherwise a link from a piece of news that talks about it?

@freemo @QasimRashid

Sources, please.

@freemo @QasimRashid

Why do you believe that Biden has a "bad track record on economy and spending"?

@freemo @QasimRashid

Say the rich get 10% richer and the poor 1% richer (inflation already taken into account). With the natural improvement in productivity companies develop, this could be achieved with 0 effort from the president. The economy is heading in the right direction? I would argue not.

@freemo @QasimRashid

Stock markets go up and down 1 to 3 % every day. One upward or downward movement say close to nothing about current inequality.

Say someone is unemployed, steals and goes to prison. You argument doesn't hold here.
Say someone pays 10.000$ for a repair (car was smashed, only little bruises). Your argument doesn't hold here, too.

@freemo @QasimRashid

2 of 2:

You said it well - "tangent". I would say that is a huge misunderstatement, though.

My point is we measure too frequently wellbeing with GDP and the stock markets.
"quantifying things based on economy" What's your point and what do you mean?
BTW, Long term neither Harris or Trump are in power. So, attributing direct responsibility to the president for how the economy is doing without further context is misadvised at best.

Love your optimism!

@freemo @QasimRashid

1 of 2:

+/- 5 % on the stock markets mean very little in terms of inequality. And inequality is crucial for measuring both an economy and wellbeing.

GDP is a measure of what is produced. Wealth is what people have. What you said is only partly true and only in the long run.

@freemo @QasimRashid

Means mean very little when you have huge inequalities.
Prisons and car accidents also improve GDP and they are not good measures of how *well* the economy is doing.
Of course, the stock market goes with the economy, but it's not the president that commands either directly (or even indirectly, to any so great extend).

Can we please stop measuring our well-being with how much we destroy the planet? https://youtu.be/QB8fjehyxfo

https://youtu.be/37eqoYbj1QM