Our economy is carp thanks to the fed
Debate Rounds (5)
we are 36th in the world, our spending per student is 7,500$, in Finland it is 5,500$, and yet Finland has better grades, the problem isn't money.
Wealth distribution, based on money in currency:
The common man earns 1,600$ per month, accounting for upper middle class people, let's say that the average dude gets 2,000$ per month, this is 600,000,000,000$, this is a
3 1/3% wealth distribution.
Wealth distribution, based on GDP:
600,000,000,000$ is 4 3/10% wealth distribution,
Overall wealth distribution:
3 3/10 average with 4 3/10%, is 3.8%, our wealth distribution is a pathetic 3.8%,
Let's consider wealth distribution in 1968, the population is 200 million, wages are the same for inflation (actually it is higher than the federal minimum wage today, but the same as the state minimum wage today), that is 400 billion distributed amongst the common man, the GDP is 950 billion, our GDP in 42%.
This doesn't sound like we should have any of what the Fed calls "economic progress".
JohnDWigingham forfeited this round.
1 votes has been placed for this debate.
Vote Placed by Hayd 9 months ago
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Reasons for voting decision: Con drops all of Pro's arguments and makes none of his own. Thus Pro's arguments outweigh Con's and Pro wins. Con ff so conduct to pro..
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