In other words, how much did debt increase, and how much did GDP increase in the final two years of each economic expansion?
2)
Diminishing Marginal Returns
The productivity of our debt is collapsing and that is creating a major problem.
The problem is here now, and not in the future.
Here is why:
1)
In other words, how much did debt increase, and how much did GDP increase in the final two years of each economic expansion?
2)
Leading up to the COVID recession saw debt increase nearly 6 dollars for each 1 dollar of GDP growth.
4)
We are only generating about 15-20 cents of growth for each dollar of debt.
This becomes a larger problem when we think about "growth rates" instead of nominal dollars.
5)
The same $1.3T increase in nGDP only translated to a 3.2% growth rate per year leading up to 2020.
6)
The problem is here now because we know it will take about $10T of new debt to increase GDP by $1.5T.
That would only be an increase in growth of 3% nominal per year.
7)
8)
More from Society
Sandbank Danger, A Thread
Controversy Has Been Caused By The Digging Of A Narrow Channel By A Resort On A Sandbank Near K. Hinmafushi.
Hinmafushi Council President Shan Ibrahim Stated To Sun That The Resort, Which Dug The Trench Creating A River On The Sandbank, Did Not Have Ownership Over The Sandbank.
Officials From The Island Of Hinmafushi Had Traveled To The Sandbank To Stop The Process Of Digging The Trench When They Became Aware Of It, Said Shan.
Officials Were Now Redepositing The Sand Removed From The Sandbank.
Controversy Has Been Caused By The Digging Of A Narrow Channel By A Resort On A Sandbank Near K. Hinmafushi.
Hinmafushi Council President Shan Ibrahim Stated To Sun That The Resort, Which Dug The Trench Creating A River On The Sandbank, Did Not Have Ownership Over The Sandbank.
Officials From The Island Of Hinmafushi Had Traveled To The Sandbank To Stop The Process Of Digging The Trench When They Became Aware Of It, Said Shan.
Officials Were Now Redepositing The Sand Removed From The Sandbank.
— Ahmed Aznil (@AhmedAznil) January 21, 2021
So, as the #MegaMillions jackpot reaches a record $1.6B and #Powerball reaches $620M, here's my advice about how to spend the money in a way that will truly set you, your children and their kids up for life.
Ready?
Create a private foundation and give it all away. 1/
Let's stipulate first that lottery winners often have a hard time. Being publicly identified makes you a target for "friends" and "family" who want your money, as well as for non-family grifters and con men. 2/
The stress can be damaging, even deadly, and Uncle Sam takes his huge cut. Plus, having a big pool of disposable income can be irresistible to people not accustomed to managing wealth. https://t.co/fiHsuJyZwz 3/
Meanwhile, the private foundation is as close as we come to Downton Abbey and the landed aristocracy in this country. It's a largely untaxed pot of money that grows significantly over time, and those who control them tend to entrench their own privileges and those of their kin. 4
Here's how it works for a big lotto winner:
1. Win the prize.
2. Announce that you are donating it to the YOUR NAME HERE Family Foundation.
3. Receive massive plaudits in the press. You will be a folk hero for this decision.
4. Appoint only trusted friends/family to board. 5/
Ready?
Create a private foundation and give it all away. 1/
Let's stipulate first that lottery winners often have a hard time. Being publicly identified makes you a target for "friends" and "family" who want your money, as well as for non-family grifters and con men. 2/
The stress can be damaging, even deadly, and Uncle Sam takes his huge cut. Plus, having a big pool of disposable income can be irresistible to people not accustomed to managing wealth. https://t.co/fiHsuJyZwz 3/
Meanwhile, the private foundation is as close as we come to Downton Abbey and the landed aristocracy in this country. It's a largely untaxed pot of money that grows significantly over time, and those who control them tend to entrench their own privileges and those of their kin. 4
Here's how it works for a big lotto winner:
1. Win the prize.
2. Announce that you are donating it to the YOUR NAME HERE Family Foundation.
3. Receive massive plaudits in the press. You will be a folk hero for this decision.
4. Appoint only trusted friends/family to board. 5/
1/ A thread of comments & observations about the death of the cackling vampire Rush Limbaugh.
My first observations in the main thread are here, but this offshoot is needed because there's been so many wise & witty things I've
2/ First, re: those who in their wayward moral obtuseness feel we "can't speak ill of the dead." I've said that this is what abuse enablers say, but I hear that some religious traditions preach this. Oy.
So there's this: https://t.co/7Ky4RA3nkZ &
3/ Drucker is another great wit, and this carries the proper mood
4/ There's definitely a Jewish Tradition angle for how to treat evil people who die: the only respect is to justice, right & wrong, and above all compassion's existence necessitates condemning cruelty
5/ We're coming up on #Purim, and that's all about how to remember evil. There may be a reason, then, that I share the attitude of many other people committed to righting
My first observations in the main thread are here, but this offshoot is needed because there's been so many wise & witty things I've
37.90/ Limbaugh was a cruel hate-machine who made a fortune off hurting people. To say "don't speak ill of the dead" is the attitude of abuse enablers.
— Joshua Cypess (@JoshuaCypess) February 18, 2021
If you can't condemn a ghoul who dedicated his life to destroying society, you're part of the problem! https://t.co/ijvG2zDACH
2/ First, re: those who in their wayward moral obtuseness feel we "can't speak ill of the dead." I've said that this is what abuse enablers say, but I hear that some religious traditions preach this. Oy.
So there's this: https://t.co/7Ky4RA3nkZ &
This is how Rush's death should be honored. Let's not speak ill of the dead, let's quote Rush speaking ill of the dead.
— Sane English (@SaneEnglish) February 17, 2021
3/ Drucker is another great wit, and this carries the proper mood
It's easy to make fun of Rush Limbaugh right now, but it's important to remember that he also brought a lot of people a lot of joy by dying
— Mike Drucker (@MikeDrucker) February 17, 2021
4/ There's definitely a Jewish Tradition angle for how to treat evil people who die: the only respect is to justice, right & wrong, and above all compassion's existence necessitates condemning cruelty
It\u2019s ok\u2014essential, even\u2014to speak the truth about people who caused great harm.
— Rabbi Danya Ruttenberg (@TheRaDR) February 17, 2021
Even after their death.
5/ We're coming up on #Purim, and that's all about how to remember evil. There may be a reason, then, that I share the attitude of many other people committed to righting
today i said Jewish culture requires dancing on the graves of those who have wronged us and i picked up like 300 followers LMAO
— Erin Biba (@erinbiba) February 18, 2021
people love Jewish vengeance \U0001f923\U0001f923
wait till they hear about Purim
I’ll address every nonsense argument and lie used to defend the suicidal gender ideology Thats in vogue today:
3:45 - “So what if you don’t have gametes?”
It’s called a birth defect. You’re still male or female.
~5:00 *nonsense trying to say the sexes of seahorses could be swapped coz male carry the eggs*
male doesn’t produce eggs, he produces the sperm. He’s still the male. If I impregnated a chick then carried the amniotic sac in a backpack ‘til the baby was done I’ll still be male🤦♂️
5:10 - we could say there’s 4 sexes of fruit fly cause there’s 3 producers of different sized sperm
No. They’re still producing sperm. They’re males. This is idiotic. Is this whole video like this? (Probably. 99% likely. Abandon hope.)
~6:10 - hermaphroditism and sequential hermaphroditism exists therefore....
No. Some animals being hermaphrodites, which is meaningless w/o the existence of binary sex to contrast it to, still doesn’t make gender ideology or transgenderism valid.
Intersex ≠ transgenderism 🙄
6:20 - bilateral gynandromorphism is a disorder in some species (not in humans). Has nothing to do w/ “gender” or transgenderism.
Ova-testes in humans are also a disorder, usually found in those w/ the karyotype disorders that you ppl also try to appropriate (extra X’s/Y’s).
3:45 - “So what if you don’t have gametes?”
It’s called a birth defect. You’re still male or female.
*one horrible doctor does a horrible thing* "oh I guess gender is horrible" miss me with that transphobic nonsense
— Goob \u26a1 (@Goob999) February 17, 2021
Here's a video to even disprove your take on sex (not gender) and the binary:https://t.co/bpmqqJWoJX
~5:00 *nonsense trying to say the sexes of seahorses could be swapped coz male carry the eggs*
male doesn’t produce eggs, he produces the sperm. He’s still the male. If I impregnated a chick then carried the amniotic sac in a backpack ‘til the baby was done I’ll still be male🤦♂️
5:10 - we could say there’s 4 sexes of fruit fly cause there’s 3 producers of different sized sperm
No. They’re still producing sperm. They’re males. This is idiotic. Is this whole video like this? (Probably. 99% likely. Abandon hope.)
~6:10 - hermaphroditism and sequential hermaphroditism exists therefore....
No. Some animals being hermaphrodites, which is meaningless w/o the existence of binary sex to contrast it to, still doesn’t make gender ideology or transgenderism valid.
Intersex ≠ transgenderism 🙄
6:20 - bilateral gynandromorphism is a disorder in some species (not in humans). Has nothing to do w/ “gender” or transgenderism.
Ova-testes in humans are also a disorder, usually found in those w/ the karyotype disorders that you ppl also try to appropriate (extra X’s/Y’s).
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I think a plausible explanation is that whatever Corbyn says or does, his critics will denounce - no matter how much hypocrisy it necessitates.
Corbyn opposes the exploitation of foreign sweatshop-workers - Labour MPs complain he's like Nigel
He speaks up in defence of migrants - Labour MPs whinge that he's not listening to the public's very real concerns about immigration:
He's wrong to prioritise Labour Party members over the public:
He's wrong to prioritise the public over Labour Party
One of the oddest features of the Labour tax row is how raising allowances, which the media allowed the LDs to describe as progressive (in spite of evidence to contrary) through the coalition years, is now seen by everyone as very right wing
— Tom Clark (@prospect_clark) November 2, 2018
Corbyn opposes the exploitation of foreign sweatshop-workers - Labour MPs complain he's like Nigel
He speaks up in defence of migrants - Labour MPs whinge that he's not listening to the public's very real concerns about immigration:
He's wrong to prioritise Labour Party members over the public:
He's wrong to prioritise the public over Labour Party
