Also pressure forming on the right to have the DOJ investigate price increases as illegal gorging. Turns out bragging to shareholders about aggressive pricing to increase corporate profit because you can blame it on inflation is not the best sales tactics.

Mar 12, 2022 0:25:07 GMT c said:

Also pressure forming on the right to have the DOJ investigate price increases as illegal gorging. Turns out bragging to shareholders about aggressive pricing to increase corporate profit because you can blame it on inflation is not the best sales tactics.

Really? Serious pressure is mounting for the government to be able to instruct private industries what prices they can charge for their products?
That's a totally workable solution and I am sure exactly what is happening on a grand scale.

It can be the only solution right? A near decade of record low credit and unprecedented spending by the governments of the world couple with a pandemic are having no effect on prices of course.

Papa Trump will negotiate a deal to cancel the US debt and everything will be fine here. A few more tax cuts for billionaires and everything will be great.

Mar 12, 2022 3:07:52 GMT c said:

Papa Trump will negotiate a deal to cancel the US debt and everything will be fine here. A few more tax cuts for billionaires and everything will be great.

Why are you talking about Trump, nobody here is talking about Trump?
It's coming across more than a tad unhinged.


I have been pretty open that I think Hyperinflation is coming regardless of who had won the last election, the only difference is that I believe the US governments inability to sensibly administer their infrastructure bill is going to make things worse.
Where we are now I think was happening whoever won the election.

You cannot overlook a steady climb of inflation up to 7.8%, it is an effective wage cut for every worker in the USA.

It is unheard of to have inflation passing through the stratosphere while the fed reserve sits on its hands.
The crazy part is that we are in a historically unique position for the West with out of control inflation and relatively poor underlying market fundamentals.

Hyperinflation was coming because Trump gave businesses 7 trillion in tax cuts and bailouts while keeping interest rates at 0. As the pandemic faded, the only way to maintain the payouts the execs were receiving is to jackup prices.

But of course no one talks about execs expecting 25% yearly compensation raises as being related in any way to inflation. It is only when the average person asks why are they are getting only 1% raises annually that there are problems. Give a company 2 billion in federal aid and that is business as usual. Give a worker 600 in federal benefits and that is America collapsing.

Prices are increasing solely to keep the pay execs expect and profits shareholders are expecting. It is straight greed.

Mar 12, 2022 4:50:23 GMT c said:

Hyperinflation was coming because Trump gave businesses 7 trillion in tax cuts and bailouts while keeping interest rates at 0. As the pandemic faded, the only way to maintain the payouts the execs were receiving is to jackup prices.

But of course no one talks about execs expecting 25% yearly compensation raises as being related in any way to inflation. It is only when the average person asks why are they are getting only 1% raises annually that there are problems. Give a company 2 billion in federal aid and that is business as usual. Give a worker 600 in federal benefits and that is America collapsing.

Prices are increasing solely to keep the pay execs expect and profits shareholders are expecting. It is straight greed.

Damn you are tiring but at least you're consisent.
You are blaming Trump for low interest rates?
And please... Obama did more for Wall Street than Trump could ever dreamer of, he nationalised the entire subprime credit market.

This thread ain't actually meant to partisan, I'm just warning people about what I think is coming and it just so happens it is in politicians interest to ignore it then feign ignorance later.

Oh I blame Obama as well. We should have never bailed out the banks. They just went right back to the shit they were doing. And it is not a partisan issue, I actually agree. Dems are funded wall street and pharmaceutics and protect price increases just as much. But the GOP is more aggressively open in their support of the rich and top corporations. Or were. The Amazon vs Trump spat MAY be a turning point. Now it is not a sure thing that the GOP will protect "woke" corporations.

And I will be consistent here. I see inequality is the number one problem with the US. Inequality to the degree we have it here is damaging to society as a whole. We have one of the highest Gini coefficient of all democratic developed nations right now. People always assume it is the poor that drives inflation, but if the rich control the money they are the ones that ultimate determine inflationary rates. The poor do not create new money or effect price levels, the wealthy do. Then when they have money problems, the US taxpayer bails them out. We get a check for 600 to 1200 and they get billions in corporate relief.

And both bailouts in the 2000+ era have resulted in them getting richer while the average American got poorer.  I am hoping dems learn and call their bluff next time claiming they cannot bail them out again because of inflation.

Seeing more and more using this wave too that inflation does not affect those at the top anyway in a meaningful way.  They lose a percentage of profit but their buying power is not changed in any meaningful way.  The poor however have to start cutting purchases.  Only extremely high levels of inflation will really start to effect the rich.

Mar 13, 2022 1:54:17 GMT c said:

Oh I blame Obama as well. We should have never bailed out the banks. They just went right back to the shit they were doing. And it is not a partisan issue, I actually agree. Dems are funded wall street and pharmaceutics and protect price increases just as much. But the GOP is more aggressively open in their support of the rich and top corporations. Or were. The Amazon vs Trump spat MAY be a turning point. Now it is not a sure thing that the GOP will protect "woke" corporations.

And I will be consistent here. I see inequality is the number one problem with the US. Inequality to the degree we have it here is damaging to society as a whole. We have one of the highest Gini coefficient of all democratic developed nations right now. People always assume it is the poor that drives inflation, but if the rich control the money they are the ones that ultimate determine inflationary rates. The poor do not create new money or effect price levels, the wealthy do. Then when they have money problems, the US taxpayer bails them out. We get a check for 600 to 1200 and they get billions in corporate relief.

And both bailouts in the 2000+ era have resulted in them getting richer while the average American got poorer.  I am hoping dems learn and call their bluff next time claiming they cannot bail them out again because of inflation.

Seeing more and more using this wave too that inflation does not affect those at the top anyway in a meaningful way.  They lose a percentage of profit but their buying power is not changed in any meaningful way.  The poor however have to start cutting purchases.  Only extremely high levels of inflation will really start to effect the rich.

Which part is meant to represent the worker? Why doesn't Biden criticise the employment conditions at Walmart and Amazon?

Money makes the world go round

For your comments on inequality, people are equal in their rights but in not other way are people equal.
Olympics would be pretty boring if they were.

Biden's DOJ has been criticizing Amazon and may break them before he leaves office. They are also suing Walmart to block them from filling prescriptions in the future due to their role in the opioid crisis.

And people should be legally equal, but they are not. When the rich go bankrupt they keep everything but the debt. When the common people do it they lose everything. When rich corporations face massive lawsuits they pull the Texas two step and pay almost nothing in liability. When normal corporations get liability lawsuits they go under. The law in the US does not apply to the rich and poor equally. Which goes against most of the founding documents of the US and our laws where people should be equal under the eyes of the laws.

Mar 13, 2022 2:50:00 GMT c said:

Biden's DOJ has been criticizing Amazon and may break them before he leaves office. They are also suing Walmart to block them from filling prescriptions in the future due to their role in the opioid crisis.

And people should be legally equal, but they are not. When the rich go bankrupt they keep everything but the debt. When the common people do it they lose everything. When rich corporations face massive lawsuits they pull the Texas two step and pay almost nothing in liability. When normal corporations get liability lawsuits they go under. The law in the US does not apply to the rich and poor equally. Which goes against most of the founding documents of the US and our laws where people should be equal under the eyes of the laws.

Corporations aren't people.
Of course your narrow minded view of the world would see everyone sitting on their arse waiting for someone else to do all of the work...
Show me one example of a society being maintained intergenerationally without the lure of a better reward?

It's where people like you look foolish, you stimultaneously decry corporate greed as the illness plaguing the west while proclaiming that the answer somehow lies in the inherent goodness of human nature... Which you spend the first half of your argument demolishing, it's different sides of the same coin.

In the US corporations are people for all legal purposes.

Also if people do not think US inequality is not coming with globalization you all got another thing coming for sure. These companies are that cause mass inequality here are looking to expand globally and use the WTO to force everyone to adopt to the US model or face antitrade lawsuits.

With populism rising here, price costs may be forced to other countries as well, instead of just milking the US, so you all may face drastic increases on any goods or services coming from the US as we force American first law trades.  Two more years until the return of Trump tariffs to start to balance trade again.  

I'm not sure why I keep replying to you when you deliberately post nonsense.

You said the rich and poor are treated different in bankruptcy
I said that's not the case corporations are treated different to people.
You respond saying corporations are people as far as the law is concerned

This total mishmash of logic has me not even knowing what you are trying to argue.
Are you arguing against corporations Bening separate entities to their owners? Or arguing against corporations being legally treated like people?.. Which they're not generally

As for the discussion of inequality and globalisation. Both forces are separate but tell a similar story, that in the entire history of human endeavour there have only been a couple of decades where we talked about the middle class and equality, for the rest of history the strong took from the weak.

Let's not pretend that the middle class exists through anything other that a high wire act of policy making. The main reason we cannot have a middle class in the future is because people in Western countries don't want to pay for what it costs to manufacture items in a Western society.

The ONLY way to get 20% more for your money... Is for someone else to get 20% less.

Of course people like you c will do all sorts of pseudo intellectual cartwheels to avoid conceding that very obvious and logical point.

Corporations are absolutely treated like oligarchs with inhuman lifespans

Legally in the US, the Supreme Court in two rulings, Citizens United and Masterpiece Cakeshop ruled that corporations have freedom of speech and freedom of expression in regards to religion. This essentially grants them personhood. Trump's legal strategies involving Trump corporations and invoking the 5th amendment for his company will further expand corporate personhood.

This was responding to you saying, "Corporations aren't people."  In the US they are same in the eyes of the law.  

Socialists are trying to get a constitutional amendment that states corporations do not have the rights of a citizen of the US. Moderates and the right oppose this as we could crack down hard on lobbies if this went happened.  And the courts do not find the interplay of the 14th amendment and corporate personhood amusing.

Mar 15, 2022 5:13:39 GMT c said:

Legally in the US, the Supreme Court in two rulings, Citizens United and Masterpiece Cakeshop ruled that corporations have freedom of speech and freedom of expression in regards to religion. This essentially grants them personhood. Trump's legal strategies involving Trump corporations and invoking the 5th amendment for his company will further expand corporate personhood.

This was responding to you saying, "Corporations aren't people."  In the US they are same in the eyes of the law.  

Socialists are trying to get a constitutional amendment that states corporations do not have the rights of a citizen of the US. Moderates and the right oppose this as we could crack down hard on lobbies if this went happened.  And the courts do not find the interplay of the 14th amendment and corporate personhood amusing.

None of this has anything to do with the issue being discussed. However you choose to treat a corporation it is an entity separate to the owner. There is no reason to assume that the liabilities of a company should be those of the owner except in the case of criminal negligence or fraud.

It certainly has NOTHING to do with inequality or inflation.

Corporations are the main drivers of inequality. They are the source of majority of wealth in the modern era. You do not make a over a billion dollars without either being born into wealth or positioning yourself as the head of a growing corporation. No amount of hard work will ever you get you here.

In the US due to decades of consolation, the decision to increase executive payouts, the company's asset values or shareholder dividends will cause prices to rise and thus inflation.

But we can leave theoretical here again. Tyson Foods in a call to investors said that strong demand after rising the price of meat 10% last year allowed them to increase the price of their meat again this year and they are reporting record profits with an operating income that was up 40% over 2020. That is income AFTER costs. Their stock after the investor calls hit record highs.

Tyson Foods is the second largest meat company in the world. Majority of the meat in the US comes from Tyson Foods, so when they increase prices 30%, overall meat prices went up 20%, which triggers about 1% on the CPI alone. Since the investor call, Congress has stated investigations into anticompetitive practices, price gouging and national security. Their stock is dropped fast as momentum is there now to break them up.

Their 3 major competitors are only reporting increases in profit of about 8%, which makes their 40% increase much more damning.

As for inequality, Tyson Foods is owned by John Tyson. His net worth based on the decision to rise prices increased 300 million over the course of a single year. No other major investments, just rising prices. The play was so aggressive that investors like Goldman Sachs warned investors away, which was the right call as Tyson Foods now faces their third antitrust investigation in three years.

So yeah, this is one of many cases where inflation was significantly increased by a single person seeking more wealth. His gain of 300 million comes from the Americans who are now paying 30% more for meat. Similar situations can be seen in the energy market and the rental market. Those markets with the meat market is driving the majority of inflation, at least in the US.

Mar 15, 2022 7:38:33 GMT c said:

Corporations are the main drivers of inequality. They are the source of majority of wealth in the modern era. You do not make a over a billion dollars without either being born into wealth or positioning yourself as the head of a growing corporation. No amount of hard work will ever you get you here.

In the US due to decades of consolation, the decision to increase executive payouts, the company's asset values or shareholder dividends will cause prices to rise and thus inflation.

But we can leave theoretical here again. Tyson Foods in a call to investors said that strong demand after rising the price of meat 10% last year allowed them to increase the price of their meat again this year and they are reporting record profits with an operating income that was up 40% over 2020. That is income AFTER costs. Their stock after the investor calls hit record highs.

Tyson Foods is the second largest meat company in the world. Majority of the meat in the US comes from Tyson Foods, so when they increase prices 30%, overall meat prices went up 20%, which triggers about 1% on the CPI alone. Since the investor call, Congress has stated investigations into anticompetitive practices, price gouging and national security. Their stock is dropped fast as momentum is there now to break them up.

Their 3 major competitors are only reporting increases in profit of about 8%, which makes their 40% increase much more damning.

As for inequality, Tyson Foods is owned by John Tyson. His net worth based on the decision to rise prices increased 300 million over the course of a single year. No other major investments, just rising prices. The play was so aggressive that investors like Goldman Sachs warned investors away, which was the right call as Tyson Foods now faces their third antitrust investigation in three years.

So yeah, this is one of many cases where inflation was significantly increased by a single person seeking more wealth. His gain of 300 million comes from the Americans who are now paying 30% more for meat. Similar situations can be seen in the energy market and the rental market. Those markets with the meat market is driving the majority of inflation, at least in the US.

There's a number of ways you are wrong, the biggest wealth in the USA is held by companies and individuals who created it in a single lifetime: Bezos, Dell, Musk, Buffet, Zuckerberg etc

What you are failing to realise is that what you are describing is the text book definition of inflation, there is nothing to say that inflation has to be cost pushed and not demand pulled. The fact that prices can rise is proof of inflation, in a normal economy demand wouldn't rise with prices.

And the biggest wealth in the US was all created by people who parents were rich and/or powerful allowing them to take ventures with little risk. This is the great key to success here, just be born rich.

Demand is flat while costs rise. To me this signals simply greed drives it. Gas prices are the current indicator. Oil crashed but gas prices still rise. They will likely start to drop next week as they got what they wanted in the US, Raskin withdrew her nomination for VP of the Fed Reserve. Her comments on not providing oil or coal companies with welfare was her undoing.

In the modern day though, returning to pricing, economics are no longer rational, so you can easily inflate prices during political talk of inflation or increasing costs, and have it just be part of the conversation about why a political party is ruining the economy with high costs.  The more people talk about it, the more perceived value an item has, and the higher prices can go.  But the higher prices go, the higher wages will have to go, moreso since it is clear it is a workers market right now.  

Mar 16, 2022 7:17:17 GMT c said:

And the biggest wealth in the US was all created by people who parents were rich and/or powerful allowing them to take ventures with little risk. This is the great key to success here, just be born rich.

Demand is flat while costs rise. To me this signals simply greed drives it. Gas prices are the current indicator. Oil crashed but gas prices still rise. They will likely start to drop next week as they got what they wanted in the US, Raskin withdrew her nomination for VP of the Fed Reserve. Her comments on not providing oil or coal companies with welfare was her undoing.

In the modern day though, returning to pricing, economics are no longer rational, so you can easily inflate prices during political talk of inflation or increasing costs, and have it just be part of the conversation about why a political party is ruining the economy with high costs.  The more people talk about it, the more perceived value an item has, and the higher prices can go.  But the higher prices go, the higher wages will have to go, moreso since it is clear it is a workers market right now.  

You still don't get it...

Prices cannot be set independent of demand. It is when prices rise without impacting demand that you have inflation.

You seem to always want to frame this as a story of greed at the big end of town. Demand is not created by wall Street, it's created by main Street. People still just have to get themselves the latest iPhone regardless of their bank balance.

When people curb their spending, prices trend downwards.

I have no idea why you keep bringing up Trump and Biden. The only way this relates to government is whether they enact policies to curb the supply of money creating the inflations. If they try to curb prices without stemming the free money, they will crash the dollar.

If you want to stem free money, you need to stem where the majority of free money goes. Two-thirds of government provided money goes to corporations. But no one has a problem with this, it is the remaining third that goes to welfare that everyone has a problem with.

Which is why Raskin was brought up. She wanted to end the process of giving fossil fuel companies billions of dollars in welfare. That was what created the moderate block on her nomination.

As for demand, the demand for gasoline in the US is slowly dropping as people convert to hybrids but the cost of gas keeps going up. Supply and demand only dictate price in a rational market, and the assumption that the market is a rational system fell 50 years ago with Amos Tversky's experimental work showing that economics is not a rational system due to prospect theory, which he took the Nobel Prize in economics for via Kahneman.

Days of zero internet rates in the US finally ended. Feds took the drastic step of increasing our interest rates to .25% to .5% Because businesses say this will kill the US economy, the fed reserve will leave it here for several months and assess if it fixes inflation or if more increases are required.

What a fucking joke. A .25% increase...

Mar 16, 2022 14:44:17 GMT c said:

If you want to stem free money, you need to stem where the majority of free money goes. Two-thirds of government provided money goes to corporations. But no one has a problem with this, it is the remaining third that goes to welfare that everyone has a problem with.

Which is why Raskin was brought up. She wanted to end the process of giving fossil fuel companies billions of dollars in welfare. That was what created the moderate block on her nomination.

As for demand, the demand for gasoline in the US is slowly dropping as people convert to hybrids but the cost of gas keeps going up. Supply and demand only dictate price in a rational market, and the assumption that the market is a rational system fell 50 years ago with Amos Tversky's experimental work showing that economics is not a rational system due to prospect theory, which he took the Nobel Prize in economics for via Kahneman.

No arguments about stemming corporate welfare, but it is a fantasy to expect that would have any sort of cooling effect on the spending habits of average consumers.

Mar 16, 2022 20:57:37 GMT c said:

Days of zero internet rates in the US finally ended. Feds took the drastic step of increasing our interest rates to .25% to .5% Because businesses say this will kill the US economy, the fed reserve will leave it here for several months and assess if it fixes inflation or if more increases are required.

What a fucking joke. A .25% increase...

This is the great conundrum, the economy has inflation absolutely out of control and has weak fundamentals at the same time.
The grossly inflationary money moving through the economy is the only thing keeping it afloat.
Take inflation out of your GDP figures and you are in the toilet.
Hell.. Just analyse what percentage of money currently in circulation is the the result of stimulus policy!

It is time to get nervous:

www.washingtonpost.com/business/2022/02/06/federal-reserve-inflation-money-supply/




This is the graph though that gives me heartburn:




The red line is tracking the amount of money in the economy versus CPI.

The Stimulus gave 800 billion to people. IRS took in 7 trillion over the two years that covered the stimulus payments. That did not require the creation of new money, let along any significant part of the 15 trillion in circulation.

Also that chart gives the exact reason for the increase in money supply. Point of infection occurs at 2000. What happened in 2000? Repeal of the Glass-Steagall which allowed banks to invest in money market securities, which meant that banks would profit from lending. It is also why it seems everyone uses m2 to make this argument and not m3 or MZM, as this particular measure can make it look like more cash is being printed if banks increase liquidity.

Of course board of governors killed production of these metrics so they can push the hyperinflation narrative without people having the data to determine if they are full of shit or not so late 2020 is the last valid metric we have.




And since I want to put this to rest, lets take the m2 and look at increases during the pandemic. There were two stimulus payments made to the American people and one extension of unemployment benefits passed. There was also one single major bailout of corporations.




If the narrative of payments to people were the reason for the increase of the money supply, then you would have a spike after Biden's second stimulus payments and a spike in march 2021 when they extended unemployment payments. But there is only one spike, when congress bailed out industry with corporate welfare and loans to large corporations.

Oh man, fed reserve now opening the door to raise rates at a much more accelerated rate, and raise them by .5% point every few months instead of .25%. Freaking cowards.

Should have been put to at the very least 2% and upped 1% from there until things calm down.  

You have a knack for taking all of the wrong points out of the data that has been posted.

This is not an attack on socialism by me, it is a reflection on the weakness of the global economy, which is why the Fed reserve has nowhere to go on rates.

Think about this in a very simple way:





Between March 2020 and March 2021 the US increased monetary supply by: 3.3 Trillion dollars, for the people who cannot fathom that, it is USD$ 3,300,000,000,000

Taking it from 4.3 to 7.69
USA GDP was $23.00 trillion in 2021
That makes conservatively 14% of your GDP to be Quantitive Easing... Marinate on that fact a little.
This is not new information or a new scenario, it has been going on since the GFC

The economy has never recovered and we are pretending that everything is okay while sitting on top of a house of cards.

I mean, like everyone said that maybe it was not a good idea to have a guy who bankrupted every business he ran in charge of the US, but people went with it anyway.


And interest rates at lower value than inflation means that everyone should debt spend their entire wealth, or else you are losing value. And that is what is happening with the rich in the US, who control now the majority of our money supply. This is the reason for the housing crisis. Houses now sell for 10% above value in cash, so they can be flipped into rentals. Cars being bought from the dealers in cash to them be resold to consumers with used car dealer payment plans, that see them pocket 20% of the value of the car themself. Energy holdings leverage government payouts and artificial supply through international sales to make investors easy cash. This will all only get worse until that interest rate goes up to levels that makes long term investing worth while again.

Mar 23, 2022 0:59:06 GMT c said:

I mean, like everyone said that maybe it was not a good idea to have a guy who bankrupted every business he ran in charge of the US, but people went with it anyway.


And interest rates at lower value than inflation means that everyone should debt spend their entire wealth, or else you are losing value. And that is what is happening with the rich in the US, who control now the majority of our money supply. This is the reason for the housing crisis. Houses now sell for 10% above value in cash, so they can be flipped into rentals. Cars being bought from the dealers in cash to them be resold to consumers with used car dealer payment plans, that see them pocket 20% of the value of the car themself. Energy holdings leverage government payouts and artificial supply through international sales to make investors easy cash. This will all only get worse until that interest rate goes up to levels that makes long term investing worth while again.

The reality is that the situation existed before Trump and existed after him.
Obama lit the fuse and everyone since is just babysitting the bomb and hoping it doesn't explode on their watch... Biden included.
I would argue that large amounts of government spending in this exact moment is applying a blowtorch to the bomb... but here we are

Your view of the current interest rate system is overly simplistic.
If you are running a trade deficit like the USA currently is:




What we are freely admitting that you buy more than you sell.
For that to be the case, it means that GDP growth is being funded from one place alone.... Debt.
To stall borrowing would be to plunge the USA into recession.

The ironic part is that if you strip out the QE money, you have probably been in recession for a decade.
The analogy strikes me as one of a chicken running around headless not realizing it's dead yet.

Well, US is going to collapse economically sooner or later, but not because of standard inflation. Simple inequality explains it better. Link between GDP and inflation breaks down under non-normal income distributions since it is a curve linear relationship moderated by inequality. Can remove inflation and just use inequality and the model works just as well.

Also the classical models do not really hold anymore when private citizens have more control over inflation than the government. Sure the government can create new money, but they do not hold the money. A small group of people control half of the wealth, and their movements matter more than the federal reserve movements at this time.

As for the US debt, does it look like the US has any intention of ever paying it off? AA+ to AAA rated though.

Mar 23, 2022 7:30:13 GMT c said:

Well, US is going to collapse economically sooner or later, but not because of standard inflation. Simple inequality explains it better. Link between GDP and inflation breaks down under non-normal income distributions since it is a curve linear relationship moderated by inequality. Can remove inflation and just use inequality and the model works just as well.

Also the classical models do not really hold anymore when private citizens have more control over inflation than the government. Sure the government can create new money, but they do not hold the money. A small group of people control half of the wealth, and their movements matter more than the federal reserve movements at this time.

As for the US debt, does it look like the US has any intention of ever paying it off? AA+ to AAA rated though.

Thats nothing more than what you wish to be true... No evidence for this demonic inequality that you speak about... What we need to do is stop listening to anyone who isn't willing to bend their back and be a doer. The world is full of the professionally outraged who do nothing but complain, whilst pretending it's a valid contribution.

People don't in my experience value equality, they value fairness. There is a marked difference between the two... Most people who crap on breathlessly about inequality aren't advocating for equality, they're chasing equity, they want an equal outcome regardless of effort.

That's crap... What people want is fairness, a system where working harder leads to better outcomes, this is harder than it used to be, primarily because of the pursuit of equity.

The mathematical equations that run economic models do not care about fairness or justness. They care about homogeneity of variance and normality of error. You cannot have normality of error when you are inequality means half of the wealth does not follow the same economic patterns of the other half. Creates huge errors when examining the wealth of the rich as. If you want to run a linear model, then the model needs to be linear and gross inequality means the economic trends are no longer linear. A single mom is not going to spend money in the same was as Elon Musk.

And sorry I do not believe that the poor are poor because they are lazy people just looking for handouts.