High income. Negative net worth. Same person.
A Goldilocks Theory of Fiscal Deficits by Atif Mian, Ludwig Straub and Amir Sufi. Published in volume 115, issue 12, pages 4253-91 of American Economic Review, December 2025, Abstract: We develop a tractable framework for deficit and debt dynamics. A "free lunch" fiscal deficit—one that raises spe...
https://www.aeaweb.org/articles?id=10.1257/aer.20220308&from=f
"When too much #income pools at the top, demand weakens, deficits persist, and dependence on debt weakens us all"
Reduce #inequality - #tax the #rich - down w/ #billionaires
A Goldilocks Theory of Fiscal Deficits by Atif Mian, Ludwig Straub and Amir Sufi. Published in volume 115, issue 12, pages 4253-91 of American Economic Review, December 2025, Abstract: We develop a tractable framework for deficit and debt dynamics. A "free lunch" fiscal deficit—one that raises spe...
High income. Negative net worth. Same person.
#GDP can be misleading when it comes to assessing #poverty. This research uses
"“Average poverty” which is defined as the average time needed to earn $1. The measure is inclusive, distribution-sensitive, decomposable, and aligns with how both experts and the public conceptualise poverty"
Unlike in Europe, average poverty has increased in the US, because average #inequality grew faster than average income
#economics #income #gini
https://www.euronews.com/business/2026/03/29/a-new-way-to-measure-poverty-shows-the-us-falling-behind-europe
The time needed to get $1 in international dollars is 63 minutes in the US. This is about twice the average in Germany, France and the UK according to an Oxford University researcher. This suggests that average poverty is significantly higher in the US.
Net worth is the only number that cannot be spun. Income can be framed. Credit scores can be managed. Net worth is just the math.
Ron Piggott
Studiogic
TinJar
TinJar
香港01
CBC Calgary
Don Curren 🇨🇦🇺🇦
Sabine Hiller 💔🇵🇸🇬🇱🇺🇦