Hoarding wealth is like sowing the fields, then refusing to replant.
j____b____ on
2001 Bush tax cuts, 2009 stimulus , 2016 trump tax cuts, 2020 stimulus all very clear who benefited.
Choles2rol on
Big spike starts in 2010… right when citizens united happened.
Asleep_Protection_32 on
So why are all the redditors blaming Trump for 2020-2024? Look at the wealth increase during that time period. I myself locked in with extra stimulus check invested in myself got promoted twice an doubled my income and some. Am I suppose to feel sorry for the financially uneducated who spent their stimi on shoes and depreciating assets? Mind you some needed it to eat but let’s be serious. Vast majority did not need stimulus checks for food.
Love how the people that got a stimulus checks thought the Fed was giving them money for free. They’re already gotten most of it back with interest rate and “transitory” inflation lol
K shaped economy for those chasing what they see on social media.
sirpoopingpooper on
I don’t think this chart is showing what they’re claiming it is because it’s plotting compounding values on a linear chart. This chart needs plotted on a logarithmic y-axis to show the changes effectively. At the very least, it should have 2000- re-normalized to 0 if we’re comparing 1990-2000 vs 2000-
From 1990-2000, the top 0.1% grew about twice as fast as the bottom 3 categories. Since then, the next 9% looks to have caught up a hair, while the bottom 50% has fallen behind what you’d expect if everyone grew at the same growth rates. But since this is looking at wealth and since the bottom 50% have a disproportionately lower amount of money invested (i.e., near zero) compared to the top 0.1% (nearing 100%) I’m actually surprised the gap is this small.
harbison215 on
This is called cantillon effect. It’s a side effect of inflationary monetary policy (ie printing)
Hamzehaq7 on
totally agree! it feels like the gap is just getting wider and wider. and with bank stocks getting crushed, it’s wild to see the rich getting richer while the rest of us are just trying to keep up. what do you think is gonna happen next? more regulations or just more of the same?
7 Comments
Hoarding wealth is like sowing the fields, then refusing to replant.
2001 Bush tax cuts, 2009 stimulus , 2016 trump tax cuts, 2020 stimulus all very clear who benefited.
Big spike starts in 2010… right when citizens united happened.
So why are all the redditors blaming Trump for 2020-2024? Look at the wealth increase during that time period. I myself locked in with extra stimulus check invested in myself got promoted twice an doubled my income and some. Am I suppose to feel sorry for the financially uneducated who spent their stimi on shoes and depreciating assets? Mind you some needed it to eat but let’s be serious. Vast majority did not need stimulus checks for food.
Love how the people that got a stimulus checks thought the Fed was giving them money for free. They’re already gotten most of it back with interest rate and “transitory” inflation lol
K shaped economy for those chasing what they see on social media.
I don’t think this chart is showing what they’re claiming it is because it’s plotting compounding values on a linear chart. This chart needs plotted on a logarithmic y-axis to show the changes effectively. At the very least, it should have 2000- re-normalized to 0 if we’re comparing 1990-2000 vs 2000-
From 1990-2000, the top 0.1% grew about twice as fast as the bottom 3 categories. Since then, the next 9% looks to have caught up a hair, while the bottom 50% has fallen behind what you’d expect if everyone grew at the same growth rates. But since this is looking at wealth and since the bottom 50% have a disproportionately lower amount of money invested (i.e., near zero) compared to the top 0.1% (nearing 100%) I’m actually surprised the gap is this small.
This is called cantillon effect. It’s a side effect of inflationary monetary policy (ie printing)
totally agree! it feels like the gap is just getting wider and wider. and with bank stocks getting crushed, it’s wild to see the rich getting richer while the rest of us are just trying to keep up. what do you think is gonna happen next? more regulations or just more of the same?