Striking example of how numbers can "lie"

By artappraiser on Mon, 01/28/2019 - 4:43pm |

Reminder that we count student loans as negative wealth but don't count the human capital they finance as positive wealth. And we don't count future Social Security or Medicare as wealth, though they cause us to save less. https://t.co/bDcu6JqEGj
— Scott Winship (@swinshi) January 28, 2019

Everyone needs to think about the boxes they think within!

3162 reads

Comments

If it makes anyone feel better, as the chart shows, the old and rich will poorer soon enough. The super old and super rich will be much richer, however. Though likely dead.

by PeraclesPlease on Tue, 01/29/2019 - 6:58am

Given the subsequent impoverishment chiefly revealed its illusory nature, and the apparent wealth of the over -75s might seem less fabulous if ,say, the richest 2% were isolated - possibly the real conclusion is that everyone else is poorer since 2008.

And always were.

by Flavius on Tue, 01/29/2019 - 11:04am

Most Americans already pay wealth taxes, in fact. Property taxes! That's a wealth tax!

Except rich people hold most of their wealth in stocks instead of houses. Why should middle-class people's wealth be taxed more than rich people's wealth? pic.twitter.com/Dzp9lofSWY
— Noah Smith (@Noahpinion) January 31, 2019

by artappraiser on Thu, 01/31/2019 - 11:41pm

Striking example of how numbers can "lie"

Comments

Sections

Bloggers