3 ms·
That's right: > We estimate an aggregate annual redistribution of $15 billion from less to more educated, poorer to richer, and high to low minority areas, wid
by Paul-Craft 3y ago
That's right:
> We estimate an aggregate annual redistribution of $15 billion from
less to more educated, poorer to richer, and high to low minority areas, widening
existing disparities.
https://www.federalreserve.gov/econres/feds/files/2023007pap.pdf https://www.federalreserve.gov/econres/feds/files/2023007pap...
- hgsgm 3y agoThat's almost nothing compared to the rich people spending far more money at shops in the first place, which pays the fixed costs that makes it affordable to even sell to the poor people.