- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Interesting Chart on Income Adjusted for Inflation since 70's
Posted on 10/3/14 at 12:39 pm to 90proofprofessional
Posted on 10/3/14 at 12:39 pm to 90proofprofessional
quote:
And they lived like the American lower class?
The only example that is close would be Argentina in the early 2000s. they didn't live as nice as the american poor.
But its not how they live that matters, its the comparison to their neighbors that matters. Wealth is purely a comparative point. There will always be poor people, it just means they have less.
The poor see how nice the upper middle class have it. They have no clue how the truly wealthy live, but they are quite jealous of how the upper middle class lives, hence a lot of their imitation in consumption.
Posted on 10/3/14 at 12:43 pm to Hawkeye95
quote:
But its not how they live that matters, its the comparison to their neighbors that matters. Wealth is purely a comparative point. There will always be poor people, it just means they have less.
This. And also another thing to not would be that we don't really have any reason to suspect these trends wont continue to steepen without some sort of catalyst to do so.
Posted on 10/3/14 at 12:48 pm to Hawkeye95
quote:
Wealth is purely a comparative point. There will always be poor people, it just means they have less.
Wealth is measured in completely objective terms.
quote:
its not how they live that matters, its the comparison to their neighbors that matters.
What is your evidence for this claim? I can give you evidence against it.
Popular
Back to top
Follow TigerDroppings for LSU Football News