How Does The Economy Affect The American Economy

The United States economy experienced ups and down throughout the history. Initially, specifically in nineteen twenty-nine during the great depression, the United States experienced the drastic economic downside. The problems in our society are rich people are refusing to pay high taxes. This causes rich's have more money and huge inequality between rich and poor. This is hurting our economy because of a middle-class family and poor family unable to invest money in the markets. The democratic stances on the economy are reasonable because rich paying more taxes will allow a middle-class family to spend more money. Therefore, the wealthy businessman is required to pay more taxes in order to expand our economy and preventing another great depression by …show more content…
Then the businessman requires hiring new people as a demand to the more customer. The economy receives an extreme boost form the more job opportunity because more jobs allow more taxes. The Sweden people are paying high taxes to stabilize their economy so there will be no inequality between Sweden people. Nicholas Aylott, a 38-year-old British lecturer, is working as a political scientist at Stockholm's Södertörn University College says, “most people trust the state to manage taxes well. There's a broad, deep faith that the money going into the welfare state will be employed usefully”. This describes that Sweden people have a strong faith in their government, therefore, they are accepting higher taxes because they believe this money will benefit them in the future and poor people. In contrast, in the U.S the rich do not have strong faith in government. Instead of putting money in the bank they should invest in government by paying taxes so they can receive advantageous from the governments. In the other hand, economists believe that “the importance of supporting the whole community might be a factor of paying high taxes”. This implies that Sweden people are concerned about their people in their