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How to Talk About the Economy With Your Family at Thanksgiving

Nov 27, 2019 | Rex Nutting |

How to Talk About the Economy With Your Family at Thanksgiving

Written by Rex Nutting via MarketWatch

Find common ground with a discussion of who deserves a slice and who doesn’t

Image showing a pie chart divided into who gets the most pie according to their wealth.
If Thanksgiving dinner were distributed the way that wealth is in America, one person would get half of the meal, while half the guests would a sliver to share.

If your uncle corners you at Thanksgiving dinner and starts talking about how the U.S. economy is best it’s ever been, what should you do?

If you’re feeling generous (as you should on Thanksgiving), you’ll politely change the subject. You won’t change his mind, nor he yours. You could talk about football, or flowers, or the hideous dress your niece is wearing. Anything but politics. Or economics, which is the same thing.

If you’re feeling a little pugnacious, you should tell him that the economy is on (more or less) the same trajectory it was on when President Donald Trump was inaugurated nearly three years ago, with decent growth in output, jobs, and incomes.

You might print out and hand your uncle this column I wrote recently that goes through the data that proves that the economy is no better than it was before.

The normal state of the economy is modest growth, which is what we’ve had. Trump deserves some credit for helping the economy to keep chugging along, but he hasn’t transformed it as he promised he would. Or as Trump and your uncle claim he did.

Common ground

But if you want to find some common ground with him, why not take the opportunity to turn Thanksgiving dinner into a discussion of a topic that many Trump supporters agree is a big problem: How the system is stacked against regular folk like the ones who are gathered around your holiday table.

You could talk about how all of us work hard, but most of the bounty we produce ends up in the hands of a very few.

What would Thanksgiving dinner be like if the food were distributed the way wealth is in America?

Imagine for a minute that you are standing at the head of the table, about to carve the turkey. Nineteen of your relatives are watching with hungry eyes and drooling lips as you slice down the breast bone and take half of the turkey and plop it on your plate.

That’s your fair share, according to our economic system. One-twentieth of the people has half of the wealth.

You proceed to take half of the sweet potatoes, half of the green beans, half of the stuffing, half of the cranberry sauce, and half of the wine. Life is good! Thank you, Lord!

Later, you’ll take half of the pumpkin pie your grandmother baked with love, and half of the pecan pie your brother-in-law baked with joy.

Your relatives object loudly: “Why do you get half? We grew the veggies, we raised the turkey, we cooked the meal, we baked the pies, and we set the table! You didn’t do a thing except go upstairs to talk to your broker!”

“Why do I deserve half?” you reply. “Because I own the farmland where the turkey was raised and where the veggies were grown. Because I own the factory where this carving knife was made, and because I hired the scientist who tweaked the genes of the turkey to make it extra plump.”

“And most of all because I came up with the slogan: ‘Prime Free One-Day Delivery.’”

Read the rest of the advice at MarketWatch: Opinion: How to talk about the economy with your family at Thanksgiving | MarketWatch