So is low birth rate a concern because there would be less consumers in the future? I wonder this because it seems we don’t have a lot of production in the US and companies complain about not having workers. Tax the wealthiest at a fair rate and incentivize statewide production. Unfortunately that’s corporate suicide. Appreciate your work as usual!
Hey Ralph! Yes, low birth rate and low population growth creates a few problems. Less consumption is one. An imbalance in the amount of money being put into retirement programs is another. Stress on the healthcare system a third. And then simply the economy becomes top-heavy. The infrastructure for the bigger population does not fit the smaller population so you get an over-supply of houses, cars, and other goods.
Manufacturing overall is increasing in the US and our direct trade partners (Mexico specifically). I expect that trend to continue and to accelerate quickly with the introduction of more automation and robotics. I do agree that a simpler, more fair tax regime is needed. But it must be combined with more intelligent investing by our governments and less pork. Thanks for your comment.
Dog sled analogy = excellent.
TY sir. I am proud of that one
So is low birth rate a concern because there would be less consumers in the future? I wonder this because it seems we don’t have a lot of production in the US and companies complain about not having workers. Tax the wealthiest at a fair rate and incentivize statewide production. Unfortunately that’s corporate suicide. Appreciate your work as usual!
Hey Ralph! Yes, low birth rate and low population growth creates a few problems. Less consumption is one. An imbalance in the amount of money being put into retirement programs is another. Stress on the healthcare system a third. And then simply the economy becomes top-heavy. The infrastructure for the bigger population does not fit the smaller population so you get an over-supply of houses, cars, and other goods.
Manufacturing overall is increasing in the US and our direct trade partners (Mexico specifically). I expect that trend to continue and to accelerate quickly with the introduction of more automation and robotics. I do agree that a simpler, more fair tax regime is needed. But it must be combined with more intelligent investing by our governments and less pork. Thanks for your comment.