Life is a Grand Experiment, no?

My point is that inflation will drive down consumer spending for most people, but the highest incomes barely notice anything has changed.

Well, ≥$250,000 covers everything from $250,001 to $1,000,000 or 100,000,000 and beyond. The low end of that category includes people who are payed well for highly specialized and/or accredited labor, while the high end is mostly people who own things for a living.

Sure, it’s not exactly precise to lump the highest end of labor in with everything from your local car-dealership capitalist all the way the tippy top of hedge-fund owners. But it still indicates a very, very unhealthy consumer economy.

What’s that number that’s being thrown around, top 10% of incomes account for 50% of consumer spending?

…yeah, from February of this year:

https://www.wsj.com/economy/consumers/us-economy-strength-rich-spending-2c34a571

https://archive.is/aKMCd

The top 10% of earners—households making about $250,000 a year or more—are splurging on everything from vacations to designer handbags, buoyed by big gains in stocks, real estate and other assets.

Those consumers now account for 49.7% of all spending, a record in data going back to 1989, according to an analysis by Moody’s Analytics. Three decades ago, they accounted for about 36%.

One of the biggest government contractors in China is the company that conducts polling.

How do you tell the difference between an authoritarian government and a government that is responsive to public sentiment but also happens to be on diplomatically shaky ground with your own leaders?

what does god need with a stealth jet?

that seems like overkill

that seems like a lot of battery for just a keyboard

Homestuck

Your local Library has videos.