A rigged economy, democrats? What the numbers show about US $ 20.5 trillion GDP

Special for WorldTribune.com

By  Star Parker  ;

With the first round of debates Democratic Party behind us, Americans have now heard of their candidates why they think should run the country.

A theme permeates all these messages Democrats.

The United States is not fair, and aspire to be president to do the right things.

An analysis by Mark J. Perry, professor of economics and finance at the University of Michigan, compares the GDP of the US states. UU. With those of entire countries.

Elizabeth Warren  : "When you have an economy that works very well for those with money and is not doing very well for everyone else, that's corruption, pure and simple. We need to call it . We have to attack him head on .

Kamala Harris  : "For a long time, the rules have been written for people who have more and not in favor of people working more. ... the first day, I derogare the tax bill that benefits the top 1% and the largest corporations in America. "

Bernie Sanders  , "Well, President Trump, is not defending working families ... 83 percent of its tax benefits are located in the top 1 percent. That's how we beat Trump: we expose it for the fraud it is. "

There are, of course, more candidates and issues. But this usually sums it up .

For the Democrats, America is rigged by the rich; everyone else is getting a raw deal; and we need the government to fix everything.

The challenge for President Trump and Republicans in the upcoming elections is to make clear to voters that the Democrats message is not true and communicate what is true.

Who are these wealthy Americans, according to Democrats control everything?

The answer is that those who are rich are changing all the time, because contrary to what we hear from the Democrats, United States works.

Each year, Forbes magazine publishes a list of the 400 richest Americans.

In 2018, 43 percent of those on this list were not in it 10 years earlier.

Forbes points out that among these 400 inherited their wealth and those who are self-made.

In 1984, according to Forbes, less than half of those on the list were self-made.

In 2018, 67 percent "created his own fortune".

"In the past more than 30 years , " he says Forbes, "the number of 400 members of Forbes who have forged their own way, using entrepreneurial capitalism as a means to a great fortune, has increased dramatically.  This tells us many things but one should be higher than the rest: the American dream, it seems, he is alive and well ".

What about all fiscal injustice that we speak the Democrats?

According to the Tax Foundation, in 2016, the latest data available, taxpayers who earn in the top 1 percent paid 37.3 percent of all federal taxes. Those earning in the top 5 percent paid 58.2 percent of all federal taxes. Those who win in 50 percent paid less than 3 percent of all federal taxes.

With less than 250 years, the United States is one of the youngest countries in the world. However, with a gross domestic product of 20.5 trillion, its economy is by far the largest in the world. It is 60 percent larger than China, the second largest economy, and more than 400 percent larger than Japan, the third largest.

Those who want to lead the country should discuss what has created enormous wealth and success in the United States, how to keep it running and how to ensure the widest possible participation Americans.

Freedom and entrepreneurial capitalism have been the mother 's milk of great American success story. The poor are not poor because the rich are rich or because the system is rigged. If we want to help, let us examine why do not participate honestly and try to help them to help themselves.

Certainly, many things do not work as well as they could. Health care, education, housing, our entitlement programs. Almost invariably, their dysfunction comes from too much government, not too little.

If Republicans transmit these truths in 2020, they will win.

Star Parker is a columnist for  WorldTribune  .com. She is author and president of CURE, Center for Urban Renewal and Education

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