It’s helpful to think of the economy as a car. To manufacture a car we need raw materials and intelligence. Raw materials flow to the nations with the most intelligence. The reason it's accepted wisdom China will surpass the United States is because they have a much larger population that is slowly but surely becoming more educated. For demonstrative purposes, let’s say humans have 1 - 3 intelligence points... 1 point = illiterate. 2 points = literate. 3 points = tech-literate. Not all humans are equal in capitalism. Country A has 100 people, but they only have 125 points because 90% of their people are at level-1. Country B has 50 people, but they have 150 points because 100% of their people are at level-3. Therefore applying this logic to reality, the assumption for why China will surpass the US is because their humans are becoming more educated FASTER than the US is growing in population size. And based on the current trend, many economists expect China will surpass the US as the world’s largest economy sometime between 2030 to 2040. It could happen. But this assumption underestimates the rise of machines. Whereas a human can attain 3 intelligence points… a machine can equal an infinite amount of intelligence points. (most powerful country in the world 2020, china vs us economy comparison) Power flows to the nation with the most intelligence. What the US lacks in population size and human intelligence points we can make up for in machine intelligence. To bring this answer back to the car factory metaphor… If it takes 100 humans to make a car, but then we have machines automate away 90 of those humans… the factory is still producing the output of those 90 humans. Those 90 people are then freed up to do something else and so the US would have effectively added 90 people to its population size. (most powerful country in the world 2020, china vs us economy comparison) It then becomes in the United States national self-interest to prevent that machine intelligence from leaving as it would serve as the backbone of our economy, especially if it were to leave for a competitor nation like China. The U.S. can prevent its intelligence from leaving by raising tariffs and doubling-down on intellectual property theft. China’s economy may surpass the US briefly, but expect to see the US start to reign in their intellectual property more and more as China becomes a greater threat. In addition, China’s economy has been losing growth momentum since its peak at 14% in 2007 with 11% in 2010, 7% in 2014, and 6% in 2018. Machine intelligence is also not as easy to move or steal as you might think because a high-tech car factory requires a whole host of complex integrated technology with skilled technicians at the controls. Chin ... https://www.youtube.com/watch?v=cRuEyhPQQRA

An Iowa father confronted Elizabeth Warren on her plan to forgive student loan debt… Father: I just want to ask one question. My daughter’s getting out of school, I saved all my money, she doesn’t have any student loans… Warren: God Bless you. Father: am I going to get my money back? Warren: Of course not. Father: So you’re gonna pay for people who didn’t save any money, and those of us who did the right thing get screwed? Warren: No it’s not like that… Father: Of course it is, when my buddy had fun, got a car, went on vacation, I saved my money. He made more than I did. I worked a double shift. I worked extra. So you’re laughing at it. That’s exactly what you’re doing. We did the right thing and we get screwed. {walks off} Senator Warren's plan calls for eliminating student loan debt of up to $50,000 for households making under $100,000 annually, which would apply to around 95% of borrowers. She said she would finance her 2 trillion dollar proposal with a wealth tax. Asked about the moment on "CBS This Morning," Warren responded… "Look, we build a future going forward by making it better… By that same logic what would we have done? Not start social security because we didn't start it last month for you?" She then went on to say… "Back when I was growing up, my family didn't have any money to send me to college, but there was a $50, a semester opportunity out there… So kids didn't have to go into debt a part time job would get you through that world is gone, and we need to open it back up again." For one, the only time I hear Democratic politicians say “God bless you” is when they want to justify taking money from the middle class to give to the poor. It’s like me stealing your car and saying, “Thank you.” Secondly, she argues the middle class won’t have to pay for it, but there’s a reason why 9 of the 12 European nations that had implemented a wealth tax quickly did away with it and that’s because unless you also increase import tariffs then you are basically encouraging the wealthy to move their money and businesses overseas. For example, France's wealth tax led to an exodus of roughly 42,000 millionaires until Macron ended the tax. Thirdly, a president must prioritize! In the last 70 years a president has only been able to pass a few major pieces of legislation over the course of their presidency. Does Elizabeth Warren really want to use a large chunk of her political capital on such a divisive solution? And do Americans really want to pay 2 trillion dollars for forgiving student loans when that money could be better spent elsewhere, such as on our infrastructure or paying off our own national debt, which cannot be so easily forgiven and which every year faces evermore interest. Last ... https://www.youtube.com/watch?v=xhMJWPbbED0