US economy is soaring because the old guard (Europe) passed peak and all the new guard (Japan, Korea, Taiwan, China, BRICS) didn't quite live up to the hype once they reached near wealth parity.
Where would you rather invest today - US or a demographically stagnant, highly regulated Europe? US or rapidly shrinking countries with risk-averse cultures like Japan and Korea? How about China where they might expropriate you / throw you in jail? Or Taiwan which is under the cloud of Chinese invasion?
Said in another way: The US is the last standing haven for the robber barrons of the world. Once the US falls there will be nowhere left for them to go.
If we just fast forward the video tape we see where this is going. Maybe thats why Elon is so eager to get to Mars.
The US is the last place standing that doesn't look at all innovators & leaders as robber barons. Some are, sure.
But if you want economic growth, someone needs to take risk. Capital formation, investment, founding companies. This is what leads to hiring and jobs.
Look at ossified cultures in EU, UK, and even Japan where stringent hiring/firing laws, shrinking populations and dire economic growth mean it's great to already be 40/50+ years old protected worker. Unfortunately it also means youth can't find jobs, and where they can they are under more tenuous contractual agreements than their older cohort has. Plus an increasing share of the taxes the youth pay will be to fund the generous retirement of their elders who outnumber them.
And again before some US Doomers chime in, take a global perspective. Go look up some rich world unemployment stats. The US right now has some of the lowest unemployment both historically and when compared against all the current global rates.
Where would you rather invest today - US or a demographically stagnant, highly regulated Europe? US or rapidly shrinking countries with risk-averse cultures like Japan and Korea? How about China where they might expropriate you / throw you in jail? Or Taiwan which is under the cloud of Chinese invasion?
Etc.
Cleanest dirty shirt and all that.