21–30 of 105 posts
There's no paradox here. Distribution of wealth matters. Rich got richer and everyone else didn't. Simple as that.
As Ray Dalio has mentioned, you should measure results on how it impacts the bottom 51% of the people (the majority) it's a lot more illustrative than looking at the average.
Seems like housing again: > Rents have surged in recent years, driven by tourism, foreign investment and a shortage of affordable housing. The cost of housing now consumes one of the largest shares of disposable income in the European Union My impression is that where housing is expensive, there will be complaints of unaffordability (obviously), but also vice versa, that where there is unaffordability, housing always…
It is the same in the east - it is either housing, or housing related tax.
Earlier quoted context omitted.
As Ray Dalio has mentioned, you should measure results on how it impacts the bottom 51% of the people (the majority) it's a lot more illustrative than looking at the average.
Should we perhaps look at the top 51% instead? Why pick one perspective over the other? I’m not familiar with Dalio outside some weird pseudo-academic paper he wrote where he attempts to provide a new grand theory of economics based on “transactions”, but I would be interested to hear this perspective supported. Edit: samiv above answered my question
Same with Brazil or Portugal or Angola. Full of billionaires with poor people.
Yeah, its all inequality. Most people are going to be renters forever in my hometown and the government has absolutely no plan to fix it. People will just be pushed farther and farther away from where they work and will have longer and longer commutes because it is impossible to pay to live close to work with the salaries they're making.
Because, to the surprise of literally nobody who's ever been on the receiving end of these sorts of policies they cook up in far away think tank offices and the ivory towers of academia, there's a million ways to make the number go up that doesn't actually make normal people any better off.
We need to eat the fucking rich. Bnch of parasitic fuckwads.
Earlier quoted context omitted.
As Ray Dalio has mentioned, you should measure results on how it impacts the bottom 51% of the people (the majority) it's a lot more illustrative than looking at the average.
The median is usually used for this; it throws away outliers on both sides.
Seems like housing again: > Rents have surged in recent years, driven by tourism, foreign investment and a shortage of affordable housing. The cost of housing now consumes one of the largest shares of disposable income in the European Union My impression is that where housing is expensive, there will be complaints of unaffordability (obviously), but also vice versa, that where there is unaffordability, housing always…
Earlier quoted context omitted.
As Ray Dalio has mentioned, you should measure results on how it impacts the bottom 51% of the people (the majority) it's a lot more illustrative than looking at the average.
Yep. I'm not an economist but my social democratic common sense would tell me to look at the bottom 10% income bracket and see how they're doing. Incidentally these people are the best economic citizens because if you give them money they'll spend every cent of it because they need to buy food and energy, use health care and pay rent. In other words if a rich person gets a million they (if they're sane) spend a fract…
Earlier quoted context omitted.
As Ray Dalio has mentioned, you should measure results on how it impacts the bottom 51% of the people (the majority) it's a lot more illustrative than looking at the average.
Yep. I'm not an economist but my social democratic common sense would tell me to look at the bottom 10% income bracket and see how they're doing. Incidentally these people are the best economic citizens because if you give them money they'll spend every cent of it because they need to buy food and energy, use health care and pay rent. In other words if a rich person gets a million they (if they're sane) spend a fract…