Thread #62118742
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>Nearly 50% of all consumer spending comes from the top 10% of earners. The bottom 80%, their share keeps falling. This is why data can make the economy look strong while millions of people feel like they are falling behind.
>these top earners make at least $251k a year
>typical stockholder in the top 10% also has 1.1m in equities in third quarter of 2025, up $625,000 at the end of 2022
>if high earners cut back because of job losses, stock-market volatility or falling home values, their restraint could ripple through the economy
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in the US the top 10% own 90% of stocks an bonds
the bottom 90% sure own a lot of expensive SUVs and trucks.... cars always go to zero.
my coworker has an 85k SUV for no reason. I have a 27k sedan. we have the same job. guess who owns more stocks?
its a real issue but the bottom 90% need to think a bit harder also.
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>>62118758
>the bottom 90% sure own a lot of expensive SUVs and trucks.... cars always go to zero.
They really do lmao. Based on statistics it is impossible for all the luxury cars on the road to be from those that can afford it. Its so funny.
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>>62118742
>the highest paying jobs are surgeons, software engineers, managers, do you understand that?
>yes, I understand that
>what are you going to do?
>I am going to play with pencils instead of studying, then I will drink and party, then become a cashier
>you will be poor, do you understand that?
>yes, I understand that
>what are you going to do?
>I always liked wasting time reading fiction, maybe I should become a librarian and spend days posting on reddit about the unfairness of life
K-shaped economy is a natural consequence of immense stupidity of most people. There is an obvious K-shaped intelligence distribution. Most people cannot be helped. You can tell them exactly what to do in life to succeed, they will simply decline to do that. It's all because of free will.
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>>62118807
>the highest paying jobs are surgeons, software engineers, managers, do you understand that?
You're not allowed to be a doctor or surgeon, grade requirement is artificially high.
Software Engineers are all unemployed, indians took the jobs.
Managers are boomers and you're not allowed to get an MBA at Harvard.
What now genius?
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>>62118800
Mock her, bro.
Females should be laughed at. Imagine how much she spends on hair salons and make up and other nonsense. You should encourage her to spend more.
>>62118803
Cope.
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>>62118807
becoming a surgeon in USA is unbelievably hard dude. The amount of schooling, training and studying you need to get through MCAT, med school, Step 1 - 3 exams and residency is all insane
and then you dont even get paid much really... 500k is nothing after you get taxed 45% and pay malpractice insurance while paying off your half a million dollar med school debt at 8% interest...
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>>62118834
It isn’t easy sitting down and listening to lectures and studying and doing homework.
I can be very interested studying my own interests for hours but the moment a 10 minute youtube video about a topic I am not interested in comes on, I fall asleep. Formal education puts me to sleep.
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>>62118818
>t. cashier who played with pencils instead of studying
>>62118834
Oh noes... exams are hard... baww....
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>>62118842
>>62118845
Answer the question luddites
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>>62118807
What do you think would happen if everyone became smart and hardworking and tried to become surgeons and managers? There are only so many of those positions that an economy can support and if you flood the supply of labor for a given position it will obviously pay less. The top 10% own 80-90% of equities, but more importantly the top 1% owns 50%. It's not the surgeons and VPs distorting the economy. If you have capitalism without regulations and redistribution mechanisms there will always be hyper competitors that dominate the market and monopolize capitol. This is obviously bad and creates fragile economies with single points of failure. Fuck marxism/socialism whatever you want to call it, this is just common sense. What do you think would happen to the global economy if there was a successful cyber attack against the mag 7? This is just simply an unsafe economic structure. Also, you know regardless of how personally competent and successful you are there still needs to be bus drivers and janitors right? Should they be consigned to a lifetime of studio rental serfdom for the crime of contributing a necessary service?
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>>62118857
>What now genius?
Stop making shit up, that would be a good start. You won't become less of a loser if you invent snarky sentences about how unfair and impossible everything is.
>>62118864
>What do you think would happen if everyone became smart and hardworking and tried to become surgeons and managers?
It's a made up impossible scenario. K-shaped distribution is natural and nothing can be done about it. Even if you physically exterminate all losers and retards, like what China did to itself over centuries, people will invent new ways to give up and be losers and retards. It's just how it is.
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>>62118882
Hey retard can everyone become a doctor or a MBA?
Software engineers are all unemployed so you're subhuman if you suggest an 18 year old should study computer science.
You're honestly the 90 year old boomer with his brain stuck in 1857 or something if you think computer science degrees have value these days.
My openclaw setup on my pc can code better and do more work than a software engineer.
Should 90% of the population become doctors?
Who is gonna serve the food at McDonald's?
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>>62118874
>fake economy
What does this even mean? Jiang is also a retarded gnostic larper going through a mid life crisis with a paper thin understanding of every topic he covers. He's an entertaining schizoid but that's about it.
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>>62118882
>K-shaped distribution is natural
That's the point I'm making. If you want a robust economy you have to have a framework of regulations to stop this from happening otherwise you devolve into feudalism. We used to have this, but it needs to be consistently maintained and updated.
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>>62118886
See? You're making shit up and getting upset about it. Absolutely insane scenarios, "can everyone get a billion dollars? who gonna pick up trash then? huh? uh?" What are you talking about? You drunk or something?
>>62118899
You don't have to do anything, it's not a problem, rather it's an observation posed as a problem. It's been like that forever, except now there's internet and we can hear the screams of the bottom part of the K. The sky is blue, the grass is green, the economy is K-shaped. It's natural.
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>>62118807
You talk like we're all equal, we're not.
The greatest lie the Jews created was equality which killed the old feudal lords and made the subhuman peasants believe they are the same as them.
We're living in the results that we're clearly not equal, if little wagie keeps going into debt for the lulz and doesn't have the mind capable of higher thinking jobs.
There's nothing wrong with being an inferior peasant, but it's wrong to think the two are equal
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>>62118912
> now there's internet and we can hear the screams of the bottom part of the K
This. We can hear the masses bitch online kek. Love the copefarm though >>62118920
We are not all equal. The bottom 50% are barely people.
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>>62118912
>it's not a problem
I'd rather not be decapitated by hoards of disgruntled 3rd worlders thank you very much. That's also just not true that it's always been this way. Wealth inequality has fluctuated quite a lot.
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>>62118950
The 3rd worlders will go back to wherever they crawled from after the gravy train in the west is over. They’re mostly here to just holdout as long as possible and send money back to their country while its still worth something.
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>>62118807
There is no labor in America that will make you rich on its own. Even doctors and engineers need to buy their way into petite bourgeoishood thorough the stock market before they can actually become wealthy. This is because America rewards ownership, not labor.
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>>62118742
The bottom 50% don’t invest Jack shit. They think you’re supposed to “save” your money.
I try explaining this to all my wagie ass homies and they think they can’t afford to invest, when in reality, they can’t afford not to.
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>>62118742
>top 10% of earners.
Lol, most of these trust fund faggots don't "earn" anything.
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>>62119234
And that is rapidly hastening the process, or did you think is was a coincidence that extreme nationalist parties gain influence in proportion to migration rates?
The day of the rope is coming for you all
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>>62119457
It obviously does.
>>62119660
No, k shaped means one group does better and better and one group worse and worse.
Also, only losers who couldn’t make it go “muh extreme nationalist”
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>>62118758
>I know a retard so all poor people are retrded
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>>62118912
>You're making shit up and getting upset about it.
Buddy, the grand thesis you posted here >>62118807 is you making up an imaginary conversation between Mr. Reasonable McCorrectGuy and a drooling retard strawman
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unbridled capitalism is a failed experiment and will inevitably devour itself
every worker should share in the success of the company in some small part. you shouldnt be able to work at a mcdonalds for 20 years and be just as poor, if not worse off, after leaving while company profit went up 100x
as others have pointed it's true you cant stop a retard by being retarded with his money, but the system is also rigged against them
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This is clearly downstream of mass offshoring/outsourcing. It creates (temporarily) greater profits for corporations. This looks good on paper for stock. It creates higher salaries for those with secured jobs (the upper middle class). And it displaces the bottom 50%. It mathematically cannot end well once the consequences of mass disenfranchisement bubble up and the companies themselves no longer have consumers to sell to.
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>>62118758
>Cars always go to zero
It’s crazy too, we might be at the very tail end of, if not completely through, a used car bubble. I was telling my boss a few months ago that it was the perfect time to sell his car and he replied saying he was offered $200 for his jeep. I live in a walkable city. There is no chance that I’m going to rent parking in two locations, pay insurance and gas when I could just as easily rent a car any time I want to leave the city. Insurance is like vaccines, it’s everyone else who is the liability.
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>>62118768
Trucks even moreso. The most repossessed vehicles in the US are the F-150 and Silverado. The area of my town with falling down trailers with no windows has newish trucks (almost all commuter vehicles) in every driveway for the man of the house.
We mock women for $700 handbags, but trucks often function the same way, only at $30,000+
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>>62119216
The bottom 50% live paycheck to paycheck is the main problem. There is no extra money to invest. The solution is that it needs to be cheaper to live. Our building and zoning codes make this almost impossible. If people in their 20's could live in cheap little boxes they could have a surplus to invest. People also need to stop having children if they are poor because they doom themselves and their children. What I'd do is make it so you need to have a license to have children and to do that you would need to be married and not collecting government assistance. I think if we had that we would reduce poverty by a large amount.
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>>62119174
How does that plan work long term?
I remember in Cuba they ate the rich. All the factories were seized and nationalised. The mansions and villas were split among the locals. While Cuban refugees left with nothing but the clothes on their back
40 years later. Who is better off? The people who stayed in Cuba after eating the rich and seizing the means of production? Or the Cubans who left with nothing and ended up in Miami?