Comment by reactordev

I think it may be fair? This guy[1] explains how surplus of corporate profits are a mirror image of household/govt debt. Which is a direct transfer of wealth from everyone to the super-super-rich (not the 1%, but the 0.1 - 0.01%)

[1] The chart below shows how this works. The blue line at the top shows the “surplus” of corporations: corporate income minus expenses and net investment. We know this as corporate “free cash flow.” The red line shows combined “surplus” of other sectors: government, households, and foreign trading partners – in excess of their consumption and net investment. It’s negative, so in aggregate, they’re running a deficit. That deficit is the mirror image of the corporate surplus. This isn’t an accident. It’s just accounting (I’ve excluded a few tiny items for clarity): https://www.hussmanfunds.com/comment/mc251028/

Statistics my man, statistics. I’m not saying there aren’t smart Americans that can grok a 10kg bag, but that the vast majority can not.

Do you not have personal experience with people under 40 in America? I would bet $20 over 95% of them don't know how to balance a check book.

No, Americans are numerically illiterate.

Which is why all the dumbest Americans insist that "Why didn't they teach us how to balance a check book?", while, well, they were taught that, and every single check book comes with clear and simple instructions for its use

They were also taught how to calculate loan details and the extreme power of how interest grows, but they were too busy crying "Oh this is lame, when am I ever going to use this?"

There's a cult of proud ignorance in the US. People will brag about being uneducated, illiterate, or unable to follow simple instructions.

I would say most American's sense of feet gets fuzzy after about 30, there are very few things that are standardized that size or bigger or that they have ever personally measured out. Yards might be more useful up to maybe 200 or 300 because they have all seen football fields though. After that for most people they go to miles or minutes of travel.

Some farmers might throw in a reference to an acre length that is referencing the 660 foot length of a standard acre (660 feet x 66 feet, or 1 furlong x 1 chain), which is just another way to say 1/8th of a mile.

If you were to say 100 yards, we could. That’s a football field (American football played with your… hands).

Because people in the south don’t even know the imperial system… it’s bad. They say things like “Take the road there yonder and when you see the white church, turn right, go a ways until you get to the dirt road…”

Anything outside of what they have with them, they don’t have a clue or can’t imagine it accurately. Small dog reference, there’s millions of Americans with a small dog so most just looked to their pooch when this came up. Same as if you were to say something like 50 cars. They would look outside to their Toyota Corolla and imagine 50 of them. It’s like talking to grown toddlers sometimes but that have full grown emotional states not under control. Not everyone is like this but a good 50-60% of Americans are. Just look for the Lululemon.

Yeah but ya’ll have estates…