5 ms·
GDP per capita is $59,531. So .1-.3% of that is $60-179. For every man, woman, and child in the United States. $19-58 billion per year. This is value created, m
by joshe 8y ago
GDP per capita is $59,531. So .1-.3% of that is $60-179. For every man, woman, and child in the United States. $19-58 billion per year. This is value created, money from thin air, you don't have to tax anyone to give $120 to everyone in the United States every single year.
If you know something else that good, you should let us all know. Economists and policy makers scrounge around for stuff that's not a tenth as good as that. 333-1000 things this size make up every single dollar anyone in the United States has ever had. That's all the light bulbs, car makers, services and food you've ever seen.
GDP is the perfect thing to look at, it's our national income.
- tomjakubowski 8y agoIt averages to $X of value per head, sure. Does the median head actually capture value worth anything close to $X?
- isostatic 8y agoThe U.S. has a funny policy of not redistributing the gains of society. Why not instigate a universal basic income of say 5% of GDP, or $3k a year. That gives everyone an incentive to have GDP increase, rather than just the wealthiest.
- Shaanie 8y agoThat's all well and good if you're the physical manifest of your country. Most people tend to think about whether it's good for themselves, though. Does an increased GDP "trickle down" to the worker?
- Firadeoclus 8y agoGDP measures paid activity but not wellbeing, i.e. "value".