embersbreaking

8 ms·

1.
by embersbreaking 3y ago
Have fun...! https://twitter.com/asymptosis/status/1755563199238431211 https://twitter.com/asymptosis/status/1755633196522409995
2.
by embersbreaking 3y ago
The wealth affect literature is skimpy and not very good, and heck, the Keynesian consumption function that pretty much every model uses doesn’t even have a wealth term.
3.
by embersbreaking 3y ago
Interesting, I just pulled this the other day. Average (mean) bottom-20 household has 18 K in checking deposit assets and 200 K in total assets. even while that quintile’s income caps at $32K. America is a very rich country…
4.
by embersbreaking 3y ago
Might read the title of that table again.
5.
by embersbreaking 3y ago
If you’re looking at the consumer expenditure survey, it’s tally of household expenditures this is about 40% of BEA personal consumption expenditures. And it’s surveyed income measures are also dicey. It’s excellent for knowing which income
6.
by embersbreaking 3y ago
Income tax is a non-issue for the issues covered in this post, except that they are one of multiple things that draw down household assets.
7.
by embersbreaking 3y ago
Good point. Much of the dissaving is by the bottom 20%, which probably consists of many retirees with low incomes who are spending down their accumulated assets.
8.
by embersbreaking 3y ago
No. It’s the bottom 80% of income earners. The post seems to make that perfectly clear, and explains why that measure is used.
9.
by embersbreaking 7y ago
@mruts: "but then inflation will just go up a similar amount" That is a faith-based belief.
10.
by embersbreaking 7y ago
"70s and early 80s when the number of jobs was shrinking" That's very interesting. Got any cites for that? Would like to explore. Thx.
11.
by embersbreaking 10y ago
>These companies do make billions and billions in profit. Have you looked into Amazon's dividend distributions since inception?
12.
Isn’t It Time to Stop Calling It “The National Debt”? Government-Issued Assets?(evonomics.com)
2 points by embersbreaking 10y ago|0 comments
13.
You Don't Own That the Evolution of Property(evonomics.com)
1 points by embersbreaking 10y ago|0 comments