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With the recent issue being raised in ![[livejournal.com profile]](https://www.dreamwidth.org/img/external/lj-userinfo.gif)
comic_getfuzzy some people have been absolute trolls. One such person, just this morning, raised his rant that it doesn't matter who is in the White House, it has no effect on his day-to-day life. He is very likely a young person, to be certain. Alas, I think too many do not realize how much the "trickle down" affects all of us...so I wrote him this response:
Who is in the White House has a bearing on how businesses are operated in this country. How are the insurance regulations? The fiduciary regulations? What is being demanded to prevent insolvencies in the financial sector? Believe it or not, this has great bearing on most residents' day to day life.
Insurance rates can skyrocket based upon the method of regulation (look at Massachusetts or New Jersey). That hits most people's pocketbooks.
When companies in the financial sector (banks, various brokerages, trading houses, insurance companies, import/export facilities) become insolvent it has a great burden on the general public. It hits your taxes, your departments of public works, etc. These costs are passed on to other businesses. This means you pay more for services and merchandise. Sales taxes increase. Property taxes increase at amazing rates in some parts of the country. You pay more for the same stuff. They create odd ways of calculting the costs of things, so that people in Wyoming consuming Wisconsin dairy products pay less than 1/2 of what the people in Wisconsin, (even next door to the dairy or cheese plant) pay - all because some schmuck can't get it through his head that Eau Claire, WI is no longer the center of the dairy universe.
The person in the White House may not make all of the foreign policy decisions and connections, but those decisions DO affect the interaction with foreign businesses. This, in turn, creates higher tariffs that US companies have to pay when they export their product. As a result, they have to charge more than they had for that product in other countries. Hence, they sell less, make less profit there. Again, this gets passed on to OUR costs - the big businesses don't let it stop at their pocketbook.
These are just small examples of how WHO is in the White House affects our everyday lives.
comic_getfuzzy some people have been absolute trolls. One such person, just this morning, raised his rant that it doesn't matter who is in the White House, it has no effect on his day-to-day life. He is very likely a young person, to be certain. Alas, I think too many do not realize how much the "trickle down" affects all of us...so I wrote him this response:Who is in the White House has a bearing on how businesses are operated in this country. How are the insurance regulations? The fiduciary regulations? What is being demanded to prevent insolvencies in the financial sector? Believe it or not, this has great bearing on most residents' day to day life.
Insurance rates can skyrocket based upon the method of regulation (look at Massachusetts or New Jersey). That hits most people's pocketbooks.
When companies in the financial sector (banks, various brokerages, trading houses, insurance companies, import/export facilities) become insolvent it has a great burden on the general public. It hits your taxes, your departments of public works, etc. These costs are passed on to other businesses. This means you pay more for services and merchandise. Sales taxes increase. Property taxes increase at amazing rates in some parts of the country. You pay more for the same stuff. They create odd ways of calculting the costs of things, so that people in Wyoming consuming Wisconsin dairy products pay less than 1/2 of what the people in Wisconsin, (even next door to the dairy or cheese plant) pay - all because some schmuck can't get it through his head that Eau Claire, WI is no longer the center of the dairy universe.
The person in the White House may not make all of the foreign policy decisions and connections, but those decisions DO affect the interaction with foreign businesses. This, in turn, creates higher tariffs that US companies have to pay when they export their product. As a result, they have to charge more than they had for that product in other countries. Hence, they sell less, make less profit there. Again, this gets passed on to OUR costs - the big businesses don't let it stop at their pocketbook.
These are just small examples of how WHO is in the White House affects our everyday lives.
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