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re: The wealth divide: Perceived versus actual household income in the United States.
Posted on 11/23/25 at 8:39 am to NC_Tigah
Posted on 11/23/25 at 8:39 am to NC_Tigah
quote:
The portion of your chart predating that period is less important in today's terms d/t premodern nuances.
To note also in the pre 1770 era the American economy was part of the British economy, it was closer to a private company who's prices rise and fall with how much their goods were being bought by the British market.
They were a tiny portion of available British market gold at that time, but growing quickly which accounted for the large spikes and falls in the prices of goods as new domestic goods were brought online dropping costs, before fast growth (population) would bring goods rising again.
To your point, the earlier portion is entirely divorced from any bearing on today's economy.
2
Posted on 11/23/25 at 8:44 am to Narax
I feel like I’m watching a Good Will Hunting scene.
Posted on 11/23/25 at 9:16 am to NC_Tigah
quote:
The question is "Why do the American people not realize that?"
For Marxim to root, the Proletariat must be convinced of Bourgeoisie economic evils targeting the common man.
Easy. The broad acceptance of populism.
The more populist we become, the more people sit at $3,000 computers in $600,000 McMansions sipping $18 lattes and type, "We've got to burn it all doooooooooooowwwwwnn!! The system is broken!!!"
Posted on 11/23/25 at 9:22 am to 4cubbies
quote:
I wonder what caused this.
Your marxist friends.
If people knew there were so few rich to eat they'd realize that's a dumb plan.
Posted on 11/23/25 at 10:08 am to Narax
quote:100% and a valid point.
To note also in the pre 1770 era the American economy ... accounted for the large spikes and falls in the prices of goods as new domestic goods were brought online dropping costs, before fast growth (population) would bring goods rising again.
I was trying to keep the Gold vs Fiat juxtaposition as simple as possible. In fact though, colonies, functioning independently, used a combination of specie and fiat. Some handled their fiat paper better than others. E.g., Pennsylvania’s was famously stable; Rhode Island’s was notoriously inflated.
Posted on 11/23/25 at 10:43 am to NC_Tigah
quote:
I was trying to keep the Gold vs Fiat juxtaposition as simple as possible. In fact though, colonies, functioning independently, used a combination of specie and fiat. Some handled their fiat paper better than others. E.g., Pennsylvania’s was famously stable; Rhode Island’s was notoriously inflated.
Its fascinating, though it does always leave me with the question, how much do those pre 1789 numbers mean as a national level when there was no nation.
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