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Yeah but what about capital gains and other non-work related sources of income?
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Coolio thanks!
Anyone have a source to back this up?
Its a meme…
But maybe from here: https://www.federalreserve.gov/publications/files/scf20.pdf
The average US net-worth is around 700k. That of course doesn’t mean 700k annual income. But still a crazy figure when compared to the median net-worth of roughly 120k
GDP is 23.32 trillion. Population is 331.9 million. If the GDP were literally split evenly among every single person including children, it’s about $70k annually. My guess is that they were doing this and flubbed the math.
For more on this concept, try reading about “labor share” - It’s a measure of how much money goes to workers versus management and other areas.
No. nobody does. because it’s not true.
Wow! That really IS naughty.
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If by “naughty” you mean “completely factually incorrect”, then sure.
Can you imagine the injection that would give to the economy? It would probably lead to the collapse of the system. Sonnavabitch I’m in!