3/ Also, note that the Y axis is "PERCENT of societal wealth". Perform a thought experiment with me. Imagine that a nuclear war tomorrow destroys 100% of US infrastructure and wealth. ONE HUNDRED PERCENT survivors crawl out of the rubble and use sticks & stones to plant crops
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14/ this is another good point: if generation N has low consumption and high savings, and generation N+1 or N+2 has the reverse, the latter generations will never accumulate wealth ... EVEN IF THEIR INCOMES ARE HIGHER !https://twitter.com/Bobthewelding1/status/1313846236190068737 …
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15/ I don't care if it "flies". I analyze facts, I don't pander to demographics.https://twitter.com/ernunnos/status/1313856112312057858 …
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16/ average US HOUSEHOLD income in 1977 was $13,570; so that wage number is nonsense. use inflation tools: $55k house = $235k (check) $13k = $58k (check) avg house size 1977 = 1660 ft^2 in 2020 = 2,687 ft^2https://twitter.com/Wyrm_00_/status/1313864121625047040 …
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