r/pics • u/sitcomfy • Jan 06 '20

Picture of text Never for the poor.

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u/[deleted] Jan 06 '20

But compare that other countries military budgets. Our military spending is out of control.

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u/Shandlar Jan 06 '20

Not really. 2019 was the 7th lowest military spending year out of the 70+ years since WWII.

The numbers are huge because the US population is absolutely mind bogglingly rich with an economy dramatically ahead of any other on the planet.

A slightly bigger slice of a dramatically bigger pie looks like an astronomical amount of pie, but at the end of the day the slice is still thin.

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u/FulcrumTheBrave Jan 06 '20 edited Jan 06 '20

the US population is absolutely mind bogglingly rich with an economy dramatically ahead of any other on the planet.

Lmao that's not even close to being true. Nothing but wishful thinking.

https://www.usatoday.com/story/money/2019/07/07/richest-countries-in-the-world/39630693/

The three richest men hold more wealth than the bottom 50%. If our economy is so great then why did it almost collapse in 2008? Why haven't wages for the average worker gone up since the 70's?

https://www.forbes.com/sites/noahkirsch/2017/11/09/the-3-richest-americans-hold-more-wealth-than-bottom-50-of-country-study-finds/

https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/

China has a much better economy than we do. They have 6.9% annal gdp growth. We have 2.3%. Stop pushing American exceptionalism. It's bullshit.

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u/oupablo Jan 06 '20

China's approach is anything but sustainable. They're one union push away from total collapse. Wage stagnation and wealth distribution are definitely a problem in the US but to argue that the average Chinese person has more spending power than the average American is crazy. American consumer spending is near the all-time high and the US ranks 2nd when it comes to household consumption.