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Sorry, but the Gini coefficient is a not the data we are looking for here. It doesn’t capture at all rising prices and price to income ratio over time, inflatio
by nwienert 7y ago
Sorry, but the Gini coefficient is a not the data we are looking for here. It doesn’t capture at all rising prices and price to income ratio over time, inflation, interest rates, and most importantly, rent and land cost. You’d have to point at a much more robust analysis to prove the point either way, and there’s no way to look at it that doesn’t show a massive wealth transfer over the last ~decade.
Look at capital gains vs savings rates over the last 12 and cry. Then look at pension funds debts.
Finally, the Gini coefficient did go up from the highest of all first world countries to the highest by a significant amount.
The bailout wasn’t the problem. There was no punishment, yes, and QE was a hands down unmitigated robbery and the major factor in the populist upswings around the world.
Here’s a good one:
https://www.census.gov/library/stories/2018/08/homeownership-by-age.html https://www.census.gov/library/stories/2018/08/homeownership...