gofigure

3 ms·

1. 1.▲
   by gofigure 5y ago

   GDP per person in the US is around $50K. Some of the GDP has to go to investment and the government, so at best people can consume on average $30K worth of products/services per year. Would you be happy consuming just $30K/year? I
2. 2.▲
   by gofigure 5y ago

   it does, but you also have to tax some people so that they spend less. Recent narratives is that you can do welfare for 'free', either by printing money and not worry about inflation or default, or by taxing 'billionaires&#x2
3. 3.▲
   by gofigure 5y ago

   this is why focusing on the wage part of inequality is the wrong approach. Figure out how to make products cost less and cheaper -> more can enjoy them and everyone becomes richer. Print more money to give to people to fight inequality?
4. 4.▲
   by gofigure 5y ago

   There's also an element here people don't talk: Covid created insane amounts of hard-to-repay debts. If interest rates go up quickly, the Govrermnent will suddently have to spend a lot of its budget on interest - expected, of cour
5. 5.▲
   by gofigure 5y ago

   Politically, 'big tech' is on the defensive and this is one way for FTC to show some teeth. That being said, nVidia is currently not playing in ARM's space, so it's hard to argue that this acquisition will harm US consum