3 ms·

This seems like confirmation bias, or selectively interpreting the data. Which metric are you using for net opportunities and how does it correlate with wealth

• nashashmi 9y ago
  Not a statistics expert or anything like that, but I click on bottom 50% and I see after 1980, their share begins to decrease in the U.S. This was during the Reagonomics Era which according to Wikipedia, brought in small governemnt, big military, reduced taxes, and reduced regulation. To me, that is the opening of many opportunities on the private side and healthy cash flow to sustain it. The strong get stronger, and the weak get weaker. Feel free to disagree. I'd be interested in a different view.
  • elhudy 9y ago
    Keep in mind that in the 80s people packaged up and sold junk bonds - similar to the housing crisis of 08. It was a practice which essentially added no value to the economy but made a large number of people filthy rich.