So many Americans on here making negative comments about California, Seattle, NYC, Chicago. They seem to leave Boston alone. So much of the American growth in recent years is in these often Democratic strongholds. Many of the IT firms can go to a remote model and shrink their head offices or relocate. So Americans need to appreciate what they have or start losing it. Trump losing may have saved the day in ways many will never fully understand.
The greatest productivity and technological innovation is reached when people have a stake in the outcome. Implementing a system that favors failure and punishes success is destined to fail. Raising taxes on the productive and giving that money to the unproductive may create short term economic growth, but it is at the cost of long term economic potential. Entrepreneurs will favor more business and tax friendly environments and leave with their skills and capital. Further, this loss of talent will hurt future generations wishing to learn from the successful. The wealthy favor living in lower tax parts of the world, all other things being equal, and are not afraid to take their assets with them. Further, increasing costly regulations and fears of government required restrictions and shutdowns will disincentivize businesses from expanding, buying capital equipment, and hiring. Sure, new stimulus packages can be authorized, but as we saw in the Obama Administration, many businesses still did not want take on additional risk. This is part of the reason why the economic recovery from the 2009 lows was one of the most anemic in US history.
There is really no such thing as a free lunch. If you take away the fruits of someone elses labor and give it to someone else, you create resentment and the question of “What is the point of me working so hard”? So the US becomes a nation of apathetic citizens, the economy goes down, politicians get blamed, riots ensue, riots get put down using any means necessary by politicians wishing to cling to power, and the US joins the third world, like so many other countries that have embraced Socialism. There will no little to no upward mobility for people born in poverty. Small business opportunity will be absent in an increasingly oligopoly based economy, removing yet another potential source of upward mobility and innovation. Sure, you can put a minority into a “Busy work” government job, but the remnents of the US economy will not support many for that position. As seen in some European countries today, the young unemployment rates are very high, creating an enviroment of uncertaintly, discontent, and resentment towards favoritism.
Younger voters and minorities may have thought they were voting against Trump, but in reality, they have voted against their own self-interests for the benefit of Socialists seeking power.