Key Points
- President Joe Biden said the federal Medicare program should negotiate prices for at least 50 prescription drugs each year, up from the current target of 20 medicines.
- That proposal is one of several new health-care policy plans Biden will outline during his State of the Union address Thursday.
- But the fate of his new proposals will be in the hands of a divided Congress, making it highly uncertain whether they will pass into law.
Because it includes investments and so it is a better indicator of need than wage.
There are plenty of people who have small wages/salary, or even zero wages/salary, and instead rely on investment income.
For example, most landlords. Or retired people. Or the idle wealthy, like the various unemployed children of billionaires. Jeff Bezos has a salary of roughly $80K at Amazon. But he is way better off than someone with a salary of $90K.
If you look at wages instead of overall income, you might think some of those folks are struggling when they absolutely aren’t.
Sounds like you’re admitting a rising GDP doesn’t help people below the median. You completely lost the context of the conversation.
Some of those people are definitely below median, like many retirees struggling to live off their life savings.
But in general, a rising GDP does not target people below median income. That’s exactly why Democrats prefer additional spending that is specifically targeted towards those people.
Jesus you are obtuse.
I didn’t bring up the GDP. You did.
Yes, increasing median income amounts to increasing GDP.
And increasing median income is preferable to increasing median wages, because it also helps people who are struggling to survive off their life savings.
Everyone wants higher income, but an elderly retiree no longer cares about higher wages.
Lol. No. Our GDP has been increasing steadily for decades and quality of life has deteriorated for most Americans while billionaires are absorbing most of that growth.
Turns out you’re the one advocating for the rich and boomers while fucking everybody else in the process.
I already said that Democrats need to do more than just increase median income. They need additional spending targeted towards below median incomes.
The fact that you’re against this tells me you wouldn’t qualify, and that you want to take money intended for those less fortunate than you.
Buddy, you just flew over the point that the GDP has been increasing for decades and the quality of life for Americans has gone down. Clearly this challenges your view that:
Because there’s over 50 years of evidence showing that’s not how it plays out.
Median income has, in fact, increased for decades.
Standard of living has generally improved over the past few decades. The percentage of people in poverty is decreasing over time. The percentage of families that are food-insecure is also decreasing. These changes have gone hand-in-hand with increased spending per capita on social programs targeted towards the disadvantaged.