3 ms·
I don’t think it’s particularly baffling to believe that potentially winning $600mm is attractive to a lot of people in a country where the top 1% control 15x t
by exogeny 4y ago
I don’t think it’s particularly baffling to believe that potentially winning $600mm is attractive to a lot of people in a country where the top 1% control 15x the wealth as the bottom 50% in sum and where wages have stagnated to such a large degree.
- jshzglr 4y agoRight because 600m wouldn’t be attractive elsewhere.
- elefanten 4y agoGp is referencing US political slap fights from the last week (Biden admin declaring US is not in recession). It’s a joke comment.
- adamrezich 4y agoin the words of a wise man, "not a joke"—I truly thought we were in a recession, but the updated definitions and Wikipedia article lock proved me wrong!
- lesuorac 4y agoRecession is one of those words like Abortion where everybody has their own definition. The US officially [1] goes by what NBER says and NBER doesn't call recessions/etc until several quarters after it starts. So any talk right now is speculation and you may speculate correctly but you might not. [1]: https://www.bea.gov/help/glossary/recession https://www.bea.gov/help/glossary/recession
- adamrezich 4y agoI didn't realize the definition of "abortion" was up for debate, I thought merely the parameters defining when it should or shouldn't be allowed were.