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Anyones else getting really strong vibes of "author doesn't understand what they're analyzing" from this? [edit] In particular, they seem to spend a lot of spa
by ashark 9y ago
Anyones else getting really strong vibes of "author doesn't understand what they're analyzing" from this?
[edit] In particular, they seem to spend a lot of space marveling over marginal utility as if they'd never encountered such a thing, yet fail to mention it by name, and there are gems like: "curiously, the wealthiest Americans hold relatively modest balances in their retirement accounts" for which the author betrays no hint of having used "curiously" rhetorically and doesn't attempt to explain when, to a person like me who knows almost nothing about finance and economics, the reason seems obvious, unless they mean something different by "retirement account" than what I think they do (tax-privileged accounts like IRA and 401k). The word "trust" also does not appear in the article's body text. The apparent "gee, look how wrong these other stats are" at the beginning seems wholly unjustified without further analysis which is absent (i.e. most likely the author didn't notice that the difference is due to some methodological differences between the sources, or in some other way failed to understand what they were comparing, rather than such a source actually being so far off)
- nasredin 9y agoLook rich people are just like you and me! Now stop complaining and get back to work!
- danharaj 9y agoLook at the context of the post. The site has an angle.
- choward 9y agoI still have no idea what his point was.
- gabesullice 9y agoThere wasn't a point, the post is just published personal musings... And that's okay. And awesome. This feels like a throwback to a pre social media internet. Just some guy, somewhere, passionate about a topic noodling with the amazing wealth of information that can be had online (IRS financial data).
- deleted 9y ago[deleted]
- IdeaHamstir 9y ago> "gee, look how wrong these other stats are" I get the feeling that the 1% knows how to hide their wealth from the IRS.