America, <deleted> Yeah!

 

 

The conversation examines why the US economy has dramatically outpaced the EU since 2008, with America's GDP skyrocketing ahead while Europe stagnated. Barclay discusses his team's research trip to America to understand what drives their economic success and how Britain can learn from their pro-enterprise culture and policies. The discussion reveals how America's bipartisan celebration of the "American Dream" creates a culture where aspiration and wealth creation are rewarded across political lines. Barclay explains how the US tax system is structured to favour long-term wealth creation, with features like tax deferrals for property developers who reinvest profits and capital gains incentives for start-up investments. He contrasts this with Britain's complex tax code filled with cliff edges and disincentives, such as the VAT threshold that actually encourages businesses to stay small, and argues that America instinctively views regulation as increasing costs on business rather than helping it.
 

 

6 minutes ago, Mike_Hunt said:

 

America, <deleted> Yeah!

 

 

The conversation examines why the US economy has dramatically outpaced the EU since 2008, with America's GDP skyrocketing ahead while Europe stagnated. Barclay discusses his team's research trip to America to understand what drives their economic success and how Britain can learn from their pro-enterprise culture and policies. The discussion reveals how America's bipartisan celebration of the "American Dream" creates a culture where aspiration and wealth creation are rewarded across political lines. Barclay explains how the US tax system is structured to favour long-term wealth creation, with features like tax deferrals for property developers who reinvest profits and capital gains incentives for start-up investments. He contrasts this with Britain's complex tax code filled with cliff edges and disincentives, such as the VAT threshold that actually encourages businesses to stay small, and argues that America instinctively views regulation as increasing costs on business rather than helping it.
 

 

Easy to explain! Say: "thank you Biden" 

 

Under Biden, US GDP growth rate nearly four times higher than UK's growth rate!

 

https://www.ons.gov.uk/economy/grossdomesticproductgdp

The statement kind of holds true , but only on a narrow metric (PPP GDP per capita), but totally falls apart when you broaden the lens to include:

 

•  Wealth distribution

•  Public services

•  Health and education outcomes

•  Real purchasing power for the median household

8 minutes ago, candide said:

Easy to explain! Say: "thank you Biden" 

 

Under Biden, US GDP growth rate nearly four times higher than UK's growth rate!

 

https://www.ons.gov.uk/economy/grossdomesticproductgdp

 

How much of that GDP growth was real growth, and how much was the giveaways in the Inflation Reduction Assurance Act?  How many of those projects have gone tits up, and how many of them are not viable without perpetual subsidies?

 

17 minutes ago, candide said:

Easy to explain! Say: "thank you Biden" 

 

Under Biden, US GDP growth rate nearly four times higher than UK's growth rate!

 

https://www.ons.gov.uk/economy/grossdomesticproductgdp

 

Just Biden and nothing to do with decades of America growing their nation. 

 

Hahaha

UK = tax everything that moves.

 

Disincentive to go balls deep in commerce.

Trump...!!!!

 

Trump is the new Miracle Worker.

 

33 minutes ago, candide said:

Easy to explain! Say: "thank you Biden" 

 

Under Biden, US GDP growth rate nearly four times higher than UK's growth rate!

 

https://www.ons.gov.uk/economy/grossdomesticproductgdp

 

 

Think how much money the USA threw after Covid. Then think about the resulting increase in debt over that time.

 

Most of this is an unreal rebound due to the above. Now the US debt is being "discussed" far more than in 2019.

 

This chart does not even appear using the link.

Because it's subsidized by Magastan's richest state.

 

Say, "Thank you, Gavin"!

 

 

Because the UK is spending fortunes in supporting all the illegals getting in, giving them housing in hotels, free medical and so on. 

1 minute ago, Middle Aged Grouch said:

Because the UK is spending fortunes in supporting all the illegals getting in, giving them housing in hotels, free medical and so on. 

 

  Well, yeah, but you get more mosques for that.  

3 minutes ago, TheAppletons said:

 

  Well, yeah, but you get more mosques for that.  

And with all the Ukrainians that still are getting in, and enjoying the social welfare all over Europe and the UK,  more and more churches also maybe...

He failed to mention lower energy costs in USA, which is crucial for answering this question.

 

2 minutes ago, Middle Aged Grouch said:

And with all the Ukrainians that still are getting in, and enjoying the social welfare all over Europe and the UK,  more and more churches also maybe...

 

  Have you been to St. Pattayasberg lately?

1 minute ago, TheAppletons said:

 

  Have you been to St. Pattayasberg lately?

not really but when you see the many ukrainians, sometimes in swanky SUV's or cars, in many popular hype swanky beach towns all over the world and in Europe, one can but feel sorry for the others in Ukraine, the weak, the poor,  who cannot flee the corrupt regime in Ukraine and are used as war material to keep the oligarchy in power. No better then the Ruskies, I agree...

After 30  years of rampant migration of (you know who) into the UK...

 

There is no longer any social cohesion to speak of...in England.

 

Therefore, how could there be a Great British Dream?

 

2 minutes ago, Middle Aged Grouch said:

not really but when you see the many ukrainians, sometimes in swanky SUV's or cars, in many popular hype swanky beach towns all over the world and in Europe, one can but feel sorry for the others in Ukraine, the weak, the poor,  who cannot flee the corrupt regime in Ukraine and are used as war material to keep the oligarchy in power. No better then the Ruskies, I agree...

 

not really but when you see the many ukrainians billionaire MAGA supporters, sometimes in swanky SUV's or cars, in many popular hype swanky beach towns all over the world and in Europe, one can but feel sorry for the others in Ukraine the USA - the weak, the poor,  who cannot flee the corrupt regime in Ukraine the USA and are used as war material useful idiots to keep the oligarchy in power. No better then the Ruskies, I agree...

There are arguments to be made that the OP's analysis is flawed and inaccurate:

 

--AI assisted

 

One example being:

The Land of Opportunity: But Is It Really, Though?

"The United States has long called itself “the land of opportunity.” The creed is simple: if you work hard enough, you can be anything you want to be. Generations of parents and teachers passed down this promise, telling children that diligence and persistence were the keys to success.

 

But is it really true? Or has it always been a story we repeated more than one we actually lived?

...

Yet the reality has always contradicted the promise. Consider the 2008 housing crash. Black and Latino families lost their homes at disproportionately high rates, and many never recovered. Meanwhile, white families with savings and credit bought up foreclosed homes, turning crisis into investment. Generational wealth gaps didn’t just come from slavery or Jim Crow — they widened in the last fifteen years.

...

Even in industries that preach meritocracy, access is not equal. In Silicon Valley, less than 2% of venture capital funding goes to Black founders and under 1% to Latino founders. Talent and effort are not the deciding factors; networks and gatekeepers are."

 

(more)

 

https://medium.com/soulfight/the-land-of-opportunity-but-is-it-really-though-be66686665cd#:

 

24 minutes ago, TheAppletons said:

 

  Have you been to St. Pattayasberg lately?

You mean Mumbaya by the Sea?

Is Mississippi Really as Poor as Britain?

"It was nine years ago when Fraser Nelson, the editor of The Spectator, first suggested that the U.K. was poorer than any U.S. state but Mississippi. This came as an uncomfortable shock for many in Britain for whom Mississippi, as a byword for backwardness, conjures up clichés about the Deep South. Every time anyone has made the comparison since, there has been an indignant outburst from Britons keen to denounce the data.

...

When you compare the wealth of nations, you need to look at how far the money goes. Things cost more in the U.K. than in Mississippi.” To adjust the raw numbers, the argument runs, you need to use an economist’s tool called “purchasing power parity.” Sure enough, when you consider differences in the price of things in Britain and in America, the U.K. does appear richer than Mississippi. Thus, after such PPP adjustments, a Financial Times analyst suggested that for 2021, Mississippi’s per capita GDP was a mere $46,841 to the U.K.’s $54,590 (though conceding that, without the global city-state effect of London’s economy, much of Britain was relatively poorer than the Magnolia State)."

 

https://archive.ph/dK2ho

 

 

56 minutes ago, BLMFem said:

Because it's subsidized by Magastan's richest state.

 

Say, "Thank you, Gavin"!

 

 

Yea, right.

1 hour ago, nauseus said:

 

 

Think how much money the USA threw after Covid. Then think about the resulting increase in debt over that time.

 

Most of this is an unreal rebound due to the above. Now the US debt is being "discussed" far more than in 2019.

 

This chart does not even appear using the link.

No because it now shows the latest numbers and not numbers under Biden. The chart is a 2024 one I kept on my phone.

 

How was the debt increase after Covid in UK? 

 

From 2020 to 2024, it increased in UK at around the same rate as the US (around 30% in 4 years).

 

 

51 minutes ago, Middle Aged Grouch said:

Because the UK is spending fortunes in supporting all the illegals getting in, giving them housing in hotels, free medical and so on. 

 

 

0.12% of GDP............you need to calm down

9 minutes ago, TallGuyJohninBKK said:

When you compare the wealth of nations, you need to look at how far the money goes. Things cost more in the U.K. than in Mississippi.

 

 

Mississippi has a higher GDP per person than Mississippi.  The GDP of Miss is $ 53,061 in 2024 compared to the UK's $52,636.79 in 2024.   This means that the people of Mississippi have more purchasing power than those in the UK.  

30 minutes ago, TallGuyJohninBKK said:

There are arguments to be made that the OP's analysis is flawed and inaccurate:

 

--AI assisted

 

One example being:

The Land of Opportunity: But Is It Really, Though?

"The United States has long called itself “the land of opportunity.” The creed is simple: if you work hard enough, you can be anything you want to be. Generations of parents and teachers passed down this promise, telling children that diligence and persistence were the keys to success.

 

But is it really true? Or has it always been a story we repeated more than one we actually lived?

...

Yet the reality has always contradicted the promise. Consider the 2008 housing crash. Black and Latino families lost their homes at disproportionately high rates, and many never recovered. Meanwhile, white families with savings and credit bought up foreclosed homes, turning crisis into investment. Generational wealth gaps didn’t just come from slavery or Jim Crow — they widened in the last fifteen years.

...

Even in industries that preach meritocracy, access is not equal. In Silicon Valley, less than 2% of venture capital funding goes to Black founders and under 1% to Latino founders. Talent and effort are not the deciding factors; networks and gatekeepers are."

 

(more)

 

https://medium.com/soulfight/the-land-of-opportunity-but-is-it-really-though-be66686665cd#:

 

Nice opinion piece.   USA > UK.   Learn from your failures and move forward. 

12 hours ago, Mike_Hunt said:

America, <deleted> Yeah!

 

Psychology studies have been conducted. One thing they found is people compare themselves to other people in their proximity. If everyone is at a similar standard of living around you, then it feels "normal". Unless you're in abject poverty.

 

So it makes no difference what the GDP in UK is. The people in Isaan don't compare themselves to people living in California. 

 

And anyway, I have found many Westerners to never be content with their lot in life, even though they have a lot. 

 

9 minutes ago, candide said:

No because it now shows the latest numbers and not numbers under Biden. The chart is a 2024 one I kept on my phone.

 

How was the debt increase after Covid in UK? 

 

 

The USA has a debt problem, and Joe Biden didn't do the US any favors. 

48 minutes ago, Middle Aged Grouch said:

not really but when you see the many ukrainians, sometimes in swanky SUV's or cars, in many popular hype swanky beach towns all over the world and in Europe, one can but feel sorry for the others in Ukraine, the weak, the poor,  who cannot flee the corrupt regime in Ukraine and are used as war material to keep the oligarchy in power. No better then the Ruskies, I agree...

Putin thanks another of the "useful" ones.

As for how supposedly great things are in the U.S., check the news elsewhere in this forum today:

 

Half of U.S. states sliding into recession, Moody’s warns

 

"The U.S. economy may look strong on paper — with 3.8% GDP growth and 4.3% unemployment — but underneath the surface, roughly half the country is effectively in recession, according to Moody’s Analytics chief economist Mark Zandi.

 

In an exclusive interview with Fortune, Zandi said 22 states are contracting, while 13 are “treading water.” Only 16 are still expanding, and it’s the economic strength of California, Texas, and New York keeping the national numbers afloat. “Depending on where you live and who you are,” Zandi warned, “the environment around you is recessionary.”

 

Lower- and middle-income Americans are “hanging on by their fingertips,” burdened by debt, slowing wage growth, and fading confidence despite steady employment. “They’ve got jobs,” Zandi said, “but the grip feels more tenuous … if layoffs pick up, that group is gonna get nailed — they have no savings, just debt.”

...

The underlying reality, he said, is that America’s post-pandemic economy is “tethered to the wealthy.” High earners continue to spend, masking distress below the surface. But for millions living paycheck to paycheck, “it already feels like a recession — everything except: ‘I’ve got a job.’

 

https://aseannow.com/topic/1375562-half-of-us-states-sliding-into-recession-moody’s-warns/

 

And Mississippi seems to be on the "recession" states list, per the accompanying map with the above article:

 

 

 

 

1 hour ago, blaze master said:

 

Just Biden and nothing to do with decades of America growing their nation. 

 

Hahaha

Hahaha!

 

in 2019, UK's GDP (nominal) per Capita was around 10% higher than Mississippi's GDP per capita.