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Where luxuries and necessities are defined as > For its part, the Deutsche Bank report explicitly defined luxuries as goods or services consumed in greater pro
by TheCoelacanth 8y ago
Where luxuries and necessities are defined as
> For its part, the Deutsche Bank report explicitly defined luxuries as goods or services consumed in greater proportions as a person’s income increases and necessities as those goods or services that make up a smaller proportion of spending as a person’s income increases.
In other words, the whole study is complete nonsense because those definitions are ridiculous and completely detached from any sensible definition of those words.
- leetcrew 8y agothey're not useful for the discussion we are trying to have in this thread, but it seems a bit presumptuous to say that the entire study is complete nonsense because they use certain terms of art in the way they are normally understood within their field. a paper talking about the "power" of turing machines is not hogwash simply because other people mean something different when they talk about compute power.