4 ms·
It links to another article on the same site that basically explains that US macroeconomic measures of Income and Savings ignore capital gains. By transforming
by uiri 9y ago
It links to another article on the same site that basically explains that US macroeconomic measures of Income and Savings ignore capital gains. By transforming the income from profit and dividends into capital gains, the income becomes invisible to economists, politicians, etc who rely upon those measures.
- toyg 9y agoSurely that's a problem with the measurement...? This could probably be fixed relatively rapidly these days, since all money is electronically tracked somewhere. It would certainly be easier than trying to persuade (or compel) every player to file this or that income in a different way "so that we can run statistics".