THIS IS WHY We are consuming. Hyperconsuming. spending down gains. Spending down genetic, cultural, institutional capital. https://t.co/1PNk2dKa3S
Source date (UTC): 2020-11-29 00:21:17 UTC
Original post: https://twitter.com/i/web/status/1332842030842654725
Why aren’t you paying me to educate you?
Error of aggregation. “All aggregates are false”
Decompose that aggregate by sector and occupation.
Same for stock market.
35% of the people benefit. The rest are and have been in decline.
The left isn’t wrong. Their solution is wrong.
Source date (UTC): 2020-11-29 00:14:46 UTC
Original post: https://twitter.com/i/web/status/1332840388646887424
Reply addressees: @chesterBirdbath
Replying to: https://twitter.com/i/web/status/1332839183082283011
You’re mistaken because you’re ignorant.
We haven’t had an increase in productivity since the seventies.
We are spending debt and at the fiat limits.
We have spent down genetic, cultural, and institutional capital.
And expanded the bottom past carrying capacity.
Learn math/econ.
Source date (UTC): 2020-11-28 23:48:29 UTC
Original post: https://twitter.com/i/web/status/1332833774585962497
Reply addressees: @chesterBirdbath
Replying to: https://twitter.com/i/web/status/1332824330137456642
Now check the other data. Which Taleb is so happy to share. Education does NOT correlate with WEALTH. It only correlates with salary. Wealth is almost evenly distributed across the spectrum.
Source date (UTC): 2020-11-28 16:35:06 UTC
Original post: https://twitter.com/i/web/status/1332724712330436609
Reply addressees: @Airmanareiks
Replying to: https://twitter.com/i/web/status/1332723587288092674
Here is an even better one: women consume 70% of all income, increasingly for self consumption rather than reproduction, consume 70% of tax revenues, and the only evidence we have is white men over 35 pay 100% of net taxes.
Source date (UTC): 2020-11-28 16:21:34 UTC
Original post: https://twitter.com/i/web/status/1332721303950864385
Reply addressees: @pIsbangmywife
Replying to: https://twitter.com/i/web/status/1332719445505150980
Low labor cost allows higher raw material cost for same market opportunity
Source date (UTC): 2020-11-27 11:32:29 UTC
Original post: https://twitter.com/i/web/status/1332286168306774017
Reply addressees: @XHNews
Replying to: https://twitter.com/i/web/status/1332278180405657607
RT @curtdoolittle: @mr_scientism Capitalism uses income statements and rule of law balance sheets,
Source date (UTC): 2020-11-27 04:59:34 UTC
Original post: https://twitter.com/i/web/status/1332187287371788290
Capitalism uses income statements and rule of law balance sheets,
Source date (UTC): 2020-11-27 04:54:39 UTC
Original post: https://twitter.com/i/web/status/1332186047988572160
Reply addressees: @mr_scientism
Replying to: https://twitter.com/i/web/status/1332017138807214085
everyone improves because of competition
Source date (UTC): 2020-11-27 01:35:18 UTC
Original post: https://twitter.com/i/web/status/1332135879738077186
Reply addressees: @hpcel45
Replying to: https://twitter.com/i/web/status/1332134105144840192
… by individual, race, sex, and age – because the truth is undesirable. The economic disinformation industry exists to persist financialization, immigration, and consumption at the expense of the middle class. )
Source date (UTC): 2020-11-26 22:41:05 UTC
Original post: https://twitter.com/i/web/status/1332092037278146566
Replying to: https://twitter.com/i/web/status/1332092036200140800
IN REPLY TO:
Unknown author
The underlying issue is that we aren’t measuring changes in CAPITAL. In other words, economic disciplines measure income statements and not balance sheets. They do this for the same reason we don’t keep track of figures, especially tax consumption vs tax contribution …
Original post: https://x.com/i/web/status/1332092036200140800