← Back to context Comment by spixy 5 days ago GDP PPP per capita is better measure of quality of life. 2 comments spixy Reply mschuster91 5 days ago it's not. An economy where only a select few benefit from the GDP (e.g. via stocks - the richest 10% of Americans own 93% of the stocks!) is not a "quality of life" measure at all.[1] https://markets.businessinsider.com/news/stocks/stock-market... WalterBright 5 days ago You can select yourself as a beneficiary by buying stocks. With Robinhood, you can do so with less than a C-note.> the richest 10% of Americans own 93% of the stocksMost prolly got that way by buying stocks!
mschuster91 5 days ago it's not. An economy where only a select few benefit from the GDP (e.g. via stocks - the richest 10% of Americans own 93% of the stocks!) is not a "quality of life" measure at all.[1] https://markets.businessinsider.com/news/stocks/stock-market... WalterBright 5 days ago You can select yourself as a beneficiary by buying stocks. With Robinhood, you can do so with less than a C-note.> the richest 10% of Americans own 93% of the stocksMost prolly got that way by buying stocks!
WalterBright 5 days ago You can select yourself as a beneficiary by buying stocks. With Robinhood, you can do so with less than a C-note.> the richest 10% of Americans own 93% of the stocksMost prolly got that way by buying stocks!
it's not. An economy where only a select few benefit from the GDP (e.g. via stocks - the richest 10% of Americans own 93% of the stocks!) is not a "quality of life" measure at all.
[1] https://markets.businessinsider.com/news/stocks/stock-market...
You can select yourself as a beneficiary by buying stocks. With Robinhood, you can do so with less than a C-note.
> the richest 10% of Americans own 93% of the stocks
Most prolly got that way by buying stocks!