'if true'? this is what happens when you can't see past your nose...
This plot showing the time course of US wealth in the @nytimes today is far & away the most frightening graph I have ever seen. https://www.nytimes.com/interactive/2021/07/12/opinion/covid-fed-qe-inequality.html?action=click&module=Opinion&pgtype=Homepage …
This level of inequality has us in the US heading towards a tipping point. If true it is a great threat to national security.pic.twitter.com/uGmw4ak3wy
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The top 1% keep their wealth in stocks and real estate. This chart simply reflects the increase in value of those assets. A more informative chart would look at income.
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“Simply” is doing a lot of work there
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The lockdowns cost 4X more than the Second World War and represent the greatest upward transfer of wealth in human history. What did you expect?
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The rich never let a crisis go to waste.
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You do know that these "graphs" of US Wealth do not reflect include government transfers, right? The greater government transfers of wealth, the greater will be the the "inequality of wealth". If you are frightened, it may be for all the wrong reasons!
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Larry, that’s false. The graph reflects all sources of wealth.
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