No. of Recommendations: 6
Why does the Stock Market and the Economy do so well under Democrats and so poorly under Republicans? Maybe you are looking at the wrong measurement?
From the net sifter:
The Gini coefficient for the U.S. grew by 1.2% between 2020 and 2021, but then decreased by 1.2% between 2021 and 2022. This means the coefficient increased to a peak of 0.494 in 2021 before falling to 0.488 in 2022, representing the first decline since 2007. More recent data shows the decline continued, with the coefficient dropping to 0.485 in 2023.
Here is a breakdown of recent year-over-year changes:
2020 to 2021: Increased by 1.2%, from 0.488 to 0.494, driven by declining real incomes at the bottom of the distribution.
2021 to 2022: Decreased by 1.2%, from 0.494 to 0.488, marking the first decrease since 2007.
2022 to 2023: Continued to decrease, falling from 0.489 in 2022 to 0.485 in 2023, the lowest figure since 2017. So wealth was increasingly concentrated by the policies of the previous Trump regime. Wealth concentration was reduced during the "Commie" Biden administration.
Graph from Fred
GINI increased during Reagan, increased a lot during Bush 41. GINI growth flattened out during Clinton. GINI again grew during Bush #43, until the RE bubble popped. The plague crimped another uptrend during the first Trump regime.
Banksy replies on Trump Underperforming Fart Coin...The premise of "supply side economics" has always been that concentration of wealth in the hands of the few, was the objective.
Steve
