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Business, Economics, and Taxes: Capitalism. Yay? >=(

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  • Originally posted by Kepler View Post
    For that 2nd graph, do you suppose that’s the average of the increases or the increase of the average? I think it’s the latter. It makes a difference - the US average wealth is skewed so high by the unequal distribution, so of course if you compare everyone’s “new” wealth to that old average, the average wouldn’t go up that much, but that hides the fact that hundreds of millions of Americans would be 10, 20, even 30x better off. I think the average of those increases would be a much bigger number, which would be more indicative of the net benefit” of the redistribution.

    Tl;dr: increase of the average wealth is not interesting. The average wealth in the US would go up if you handed Jeff Bezos another $200B.
    Last edited by LynahFan; 09-06-2021, 06:56 AM.
    If you don't change the world today, how can it be any better tomorrow?

    Comment


    • I'm still a little confused as to how the first one works. If you have $100 and 100 people, but one person has $100, the average is the same as if everyone had $1.
      Code:
      As of 9/21/10:         As of 9/13/10:
      College Hockey 6       College Football 0
      BTHC 4                 WCHA FC:  1
      Originally posted by SanTropez
      May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
      Originally posted by bigblue_dl
      I don't even know how to classify magic vagina smoke babies..
      Originally posted by Kepler
      When the giraffes start building radio telescopes they can join too.
      He's probably going to be a superstar but that man has more baggage than North West

      Comment


      • Originally posted by dxmnkd316 View Post
        I'm still a little confused as to how the first one works. If you have $100 and 100 people, but one person has $100, the average is the same as if everyone had $1.
        They're probably using median instead of mean.

        Comment


        • Originally posted by unofan View Post

          They're probably using median instead of mean.
          I am assuming median.
          Cornell University
          National Champion 1967, 1970
          ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
          Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

          Comment


          • Originally posted by dxmnkd316 View Post
            I'm still a little confused as to how the first one works. If you have $100 and 100 people, but one person has $100, the average is the same as if everyone had $1.
            If you have 5 people, 4 have $1 and 1 has $6, that’s an average of $2. If you redistribute so each person has 2, then 4 people have 100% more and one person has 67% less. (400-67)/5 means that, on average, each person’s wealth has increased by 83%, but the average wealth is still $2 (no change).

            Average of the increases = +83%
            increase of the average = 0%
            Last edited by LynahFan; 09-06-2021, 11:21 AM.
            If you don't change the world today, how can it be any better tomorrow?

            Comment


            • I dislike the way they put that graphic together more every time I think about it.
              Code:
              As of 9/21/10:         As of 9/13/10:
              College Hockey 6       College Football 0
              BTHC 4                 WCHA FC:  1
              Originally posted by SanTropez
              May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
              Originally posted by bigblue_dl
              I don't even know how to classify magic vagina smoke babies..
              Originally posted by Kepler
              When the giraffes start building radio telescopes they can join too.
              He's probably going to be a superstar but that man has more baggage than North West

              Comment


              • What always eventually happens in anarcho-syndicalist communism:

                Last edited by Kepler; 09-07-2021, 10:27 AM.
                Cornell University
                National Champion 1967, 1970
                ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

                Comment


                • Part 2:


                  Cornell University
                  National Champion 1967, 1970
                  ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                  Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

                  Comment


                  • Note: this actually happened.

                    In the spring of 1845, Max Stirner gambled away all of his wife's inheritance on a centralized milk distribution business. Supposedly he wanted to use the business to both prove his ideas would work in practice, and to set him up for life, so he wouldn't have to worry about money and could just write. Well, the business failed almost immediately, because he had trouble finding customers, possibly because of his inability to relate to his customers, his inexperience in business, and him alienating people with his strange egoistic anarchist politics (details are scarce, so it is mostly speculation). He was made fun of ruthlessly by his contemporary intellectuals, and his wife of two years left after he blew all of their money. For the rest of his life he lived off the very meager income he got from writing.

                    To add insult to injury, the idea of a centralized milk distributor was a quite good one, and a highly successful business in the same vein popped up soon after, according to his biography by John Henry Mackay:

                    How sound the idea of the enterprise was, in spite of the unsuccessful attempt, was later shown by Klingel-Bolle, which is well known today by every Berlin child. It mixed its milk, if not with water, then with a big portion of Christianity and thus contributed not inconsiderably to the success of its business.
                    It turned out that Christianity worked better than anarchism as a selling point for milk. Who could have predicted that? Not Max Stirner, apparently.
                    Last edited by Kepler; 09-07-2021, 10:30 AM.
                    Cornell University
                    National Champion 1967, 1970
                    ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                    Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

                    Comment


                    • See, he just hadn't figured out how to conceal his anarchist union of egoists behind a banal, false face of cheer like the ruthless capitalists do.
                      What kind of cheese are you planning to put on top?

                      Comment


                      • Whoever you are economically -- rich or poor, conservative or liberal -- just imagine an alternative timeline for America than what we just went through.
                        Cornell University
                        National Champion 1967, 1970
                        ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                        Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

                        Comment


                        • But $3.5 trillion over ten years for infrastructure is too much.
                          What kind of cheese are you planning to put on top?

                          Comment


                          • Something something DEBT CEILING!!
                            "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
                            -aparch

                            "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
                            -INCH

                            Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
                            -ScoobyDoo 12/17/2007

                            Comment


                            • Originally posted by handyman View Post
                              something something debt ceiling!!
                              IALTO a
                              Cornell University
                              National Champion 1967, 1970
                              ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                              Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

                              Comment


                              • Originally posted by Handyman View Post
                                Something something DEBT CEILING!!
                                AKA, our voters are fucking stupid so they'll buy our stupid unfounded arguments.
                                **NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.

                                Originally Posted by dropthatpuck-Scooby's a lost cause.
                                Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.

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