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Originally Posted by sebastian_dangerfield
My point was that the parties focus on groups that have poor multipliers. The rich save it all, the poor spend it all in businesses (increasingly monopolies) that are harming the broader economy like Wal Mart and Amazon.
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I don't think that the Democrats "focus on" the poor. Since Clinton and welfare reform, the opposite is true.
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Neither party caters to the people who run smaller businesses, which create more economic events (multipliers). The Democrats' signature legislation was the ACA, which creates more economic events in health care, a parasitic sector with miserable multiplier effects outside itself. The GOP's signature legislation was tax cuts for the wealthy, an utterly mindless policy with no multiplier effect. (They claimed it was all about corporate taxes, but if that were the case, then why was it not exclusive to corporate taxes, as many wealthy individuals who didn't need the money argued it should have been?)
The parties talk a big game about wanting to create growth, and to the extent the corporate tax cut created some growth, it was a decent idea. To the extent it sought to the decouple HC from employment, the ACA was a decent idea. But neither was directly focused on growth. They catered ultimately, most significantly, to groups that don't create much growth (the .001% and the desperately poor who can't afford health insurance).
I assume the ACA has pared the rate the of HC cost growth, but the premiums are still going up at a robust rate. And while my wealthiest friends are loving the Trump tax cuts, they're not plugging that money into business expansion. They're putting it in the market and making a fortune sitting on their asses, and saving their gains.
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Small businesses tend to be Republican, fwiw. But the ACA helped small businesses, which have less leverage to negotiate for health care than large business. Health care is a middle-class problem too. The GOP has no health-care agenda at all. The Democrats have one. Which is better for average Americans and small businesses?
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Shorter Sebby: 'The major political parties are really the same, if you ignore the major domestic political accomplishment of the last Democratic President and don't think about the most important domestic policy issue of the last twelve years.'
