4 ms·
GDP PPP per capita is better measure of quality of life.
by spixy 9mo ago
GDP PPP per capita is better measure of quality of life.
- mschuster91 9mo agoit's not. An economy where only a select few benefit from the GDP (e.g. via stocks - the richest 10% of Americans own 93% of the stocks!) is not a "quality of life" measure at all. [1] https://markets.businessinsider.com/news/stocks/stock-market-ownership-wealthiest-americans-one-percent-record-high-economy-2024-1 https://markets.businessinsider.com/news/stocks/stock-market...
- WalterBright 9mo agoYou can select yourself as a beneficiary by buying stocks. With Robinhood, you can do so with less than a C-note. > the richest 10% of Americans own 93% of the stocks Most prolly got that way by buying stocks!