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This whole premise is bullshit. They include the 1% in the wealth calculation, and then exclude it from the wealth transfer to say "see how much taxation is ha
by malfist 3mo ago
This whole premise is bullshit.
They include the 1% in the wealth calculation, and then exclude it from the wealth transfer to say "see how much taxation is happening?"
If you don't want to include the 1% in the second number, don't include it in the first number.
- vinaigrette 3mo agoI was equally stunt, but get this : Visa wants to know how much people are going to spend using their services. This is not a sound socio-economic analysis of the wealth transfer. I think overall few people read this type of report. Instead, it gives insight on a phenomenon that is expected to be an "event". They show that it's going to be gradual, that it already started. Maybe it is a way to inform potential investors in Visa ? Maybe it is a report intended for the business side customers (i.e. commerces) ? I don't know. Plus, it gives an interesting insight on how the "_real_" economy is still a topic of research where every discourse seem to be on financial performances. I found it interesting after having a repulsed reaction to what I considered a grossly irrelevant account of socio-economic dynamics of the so called "great wealth transfer" (horrible name), like you.
- loeg 3mo agoThey also hold disproportionate wealth. It is absurd to arbitrarily exclude them.