News for hackers. Stuff that matters.
Re:What China's slow-motion real estate crisis means for the... by thedailymail on Wednesday November 01, 2023 @08:29AM (#38097345)
Agree with many of your points, but to make the 84+ million families in the US richer by $2.5 million each would require more than 200 trillion dollars. (Current GDP is around $25 trillion.)
Re:What China's slow-motion real estate crisis means for the... by JackMorgan on Wednesday November 01, 2023 @09:28PM (#38107807)
Good point, it seems the top 10% owns 100 trillion [1], so spreading that to the remaining 74 million families would only result in a net increase of 1.2 million per family. I must have found an inaccurate source for the previously stated 2.5 million.

Math now corrected, I still want my extra 1.2 million back.

[1] https://en.wikipedia.org/wiki/Wealth_inequality_in_the_Unite...