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Sure there are. US economy is K shaped. You either become rich or end up poor. It's economy geared for the rich. Where poor only exist to give rich a confidenc
by Ygg2 5mo ago
Sure there are. US economy is K shaped. You either become rich or end up poor.
It's economy geared for the rich. Where poor only exist to give rich a confidence boost.
- rayiner 5mo agoYou: "US economy is K shaped. You either become rich or end up poor." Reality: "The vast majority of US income (78%) is earned by people outside the top 1%."
- Ygg2 5mo agoYour data is wrong. Highest quantile earns +50% https://www.statista.com/statistics/203247/shares-of-household-income-of-quintiles-in-the-us/ https://www.statista.com/statistics/203247/shares-of-househo... But Rich also account for majority of consumed goods purchased. Also why did Travel, Entertainment and Food services suffered during post COVID recovery? Why are McDonald's and other fast food joints that upped their price enjoyed a surge in value, when supply and demand tells otherwise. https://youtu.be/b1sKlSJ0Czk https://youtu.be/b1sKlSJ0Czk