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Hey, it's Nat again with another political post. This time, it's about political parties! Have you guys ever seen Games of Thrones (I mean you must have, who hasn't)? If you haven't, I'll give you the objective of the whole show: get the throne. There are many families vying for the throne, and of course, they have their supporters. In this aspect, it relates to Political Parties.
In America, the main two groups vying for power are Democrats and Republicans. If you read my first post about political ideologies, I need to tell you something crazy --your ideology influences what political party you support. Liberals tend to be Democrats and Conservatives tend to be Republicans. Political Parties are groups who try to get their candidate in positions of power in the government. That ensures that their views can be represented in laws all over the country; Elected officials basically give their respective Political Group power. Even if you only know a little bit about politics, you know that Democrats and Republicans are always butting head.
Let's take how each group wants to run the economy for example. Republicans want less regulation on business, a free market, and wants to focus on making the most profit possible. Democrats, on the other hand, want more regulation on business, which equates to higher taxes, but the taxes would be used to fund welfare programs which can help people with economic troubles.
I may be biased, but I believe that the Democratic Party is more apt for a successful economy. The main reason why I think that is because of income inequality. Where I live, people need to make $72,092 a year while the median income is $67,365 according to seattlerefined. Not only do people in Seattle make less than what is expected to live there, but according to the chart above from the Urban Institute, a economic policy reaserch think tank, the bottom 40% of Americans cannot afford to live there either, and the trend line of income appears to be stagnant for the lower lines while the income of the top 5% is rising and dramatically higher than the rest of Americans; the gap even gets bigger as time passes. I think one solution to this problem is to raise taxes on the rich and lower taxes on the poor, something Democrats believe. The more taxes we incur, the more programs we have to help the poorer people of U.S.A., which can lessen the income inequality and make sure all can live comfortably.
As shown by this graph above from Forbes, during Ronald Reagan's presidency (1981-1989), the income inequality begain to skyrocketed. This is due to his economic policies dubbed "Reaganomics" involving reduction of taxes and the promotion of free market, both of which are part of the Republican economic policies. This graph corraborates with my opinion that Democratic economic policies are better suited because it will lessen the disparity of income inequality.
I may be biased, but I believe that the Democratic Party is more apt for a successful economy. The main reason why I think that is because of income inequality. Where I live, people need to make $72,092 a year while the median income is $67,365 according to seattlerefined. Not only do people in Seattle make less than what is expected to live there, but according to the chart above from the Urban Institute, a economic policy reaserch think tank, the bottom 40% of Americans cannot afford to live there either, and the trend line of income appears to be stagnant for the lower lines while the income of the top 5% is rising and dramatically higher than the rest of Americans; the gap even gets bigger as time passes. I think one solution to this problem is to raise taxes on the rich and lower taxes on the poor, something Democrats believe. The more taxes we incur, the more programs we have to help the poorer people of U.S.A., which can lessen the income inequality and make sure all can live comfortably.
As shown by this graph above from Forbes, during Ronald Reagan's presidency (1981-1989), the income inequality begain to skyrocketed. This is due to his economic policies dubbed "Reaganomics" involving reduction of taxes and the promotion of free market, both of which are part of the Republican economic policies. This graph corraborates with my opinion that Democratic economic policies are better suited because it will lessen the disparity of income inequality.
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