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Post by Bevo on Mar 15, 2016 13:57:37 GMT
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Post by tigercpa on Mar 15, 2016 15:43:10 GMT
Interesting methodology - and true - we have not focused on spending, only income.
Thanks for sharing.
I'll go back and do a more detailed read later.
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Post by FLORIDA HERD FAN on Mar 15, 2016 16:12:38 GMT
About 50% of spending is by the top 20%. However, the top 20% controls close to 70% of the total net worth. Those numbers sound about right.
The top 20% has sufficient income to be able to live a comparatively luxurious lifestyle, while still having the ability to grow their net worth. The middle quintile lives comfortably, but is far less capable of growing its net worth.
Either side of the ideological spectrum could use this data analysis to support its own case on wealth redistribution.
One thing that this does not show is the quintiles are not static. People from the bottom quintile frequently move up to higher quintiles, including to the top quintile. Others move in the opposite direction.
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Post by Bevo on Mar 15, 2016 17:21:37 GMT
Indeed.... Both sides of the political spectrum will take what they want from this data.
What it shows me is:
1) our economic system is already leveling resources. (I.e.: we're already progressive)
2) It's easier to spur our economy by giving a little money back to the 20% that do half of the spending.
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Post by Bevo on Mar 16, 2016 13:24:55 GMT
And then, there's THIS:  How much is too much? When will it ever matter? Bernie and Hillary sure don't seem to be too concerned about it. But then, neither is Trump. |
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