Horse Shit!!!!!!
Doesn’t matter how fast the bottom rises when the top is light years ahead with quadrillions in savings and return derivatives!
How will that little % change the fact that the bottom is still in debt for basic necessities like electricity, food, water, etc.
We use the little % to pay off our debt that rises faster than any gains while our insurance costs rise higher than the 2-3% raise we get (if any).
The bottom are drowing and it’s because people like Trump would rather watch their millions turn to billions turn to trillions and so on then to do something good with that wealth today.
The economy only works when the money flows through it, but greedy bastards like trump and his ilk hold back until their little Epsteinish money managers tell them to buy!
Trump don’t care because whatever little gain the bottom gets it goes right back into the system for utilities, food, sheler, water, and transportation while hiz derivitives grow exponentially and never get reported!!!!
Quoting: Anonymous Coward 77895588 Stop crying like a bitch and be glad you live in America. Your lot in life will be 10x worse if America ever becomes a socialist country.
The Poorest 20% of Americans Are Richer on Average Than Most European Nationsgroundbreaking study by Just Facts has discovered that after accounting for all income, charity, and non-cash welfare benefits like subsidized housing and food stamps, the poorest 20 percent of Americans consume more goods and services than the national averages for all people in most affluent countries. This includes the majority of countries in the prestigious Organization for Economic Cooperation and Development (OECD), including its European members. In other words, if the US “poor” were a nation, it would be one of the world’s richest.
Notably, this study was reviewed by Dr. Henrique Schneider, professor of economics at Nordakademie University in Germany and the chief economist of the Swiss Federation of Small and Medium-Sized Enterprises. After examining the source data and Just Facts’ methodology, he concluded: “This study is sound and conforms with academic standards. I personally think it provides valuable insight into poverty measures and adds considerably to this field of research.”
The “Poorest” Rich Nation?
In a July 1 New York Times video op-ed that decries “fake news” and calls for “a more truthful approach” to “the myth of America as the greatest nation on earth,” Times producers Taige Jensen and Nayeema Raza claim the US has “fallen well behind Europe” in many respects and has “more in common with ‘developing countries’ than we’d like to admit.”
“One good test” of this, they say, is how the US ranks in the OECD, a group of “36 countries, predominantly wealthy, Western, and Democratic.” While examining these rankings, they corrupt the truth in ways that violate the Times’ op-ed standards, which declare that “you can have any opinion you would like,” but “the facts in a piece must be supported and validated,” and “you can’t say that a certain battle began on a certain day if it did not.”
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