Quote:
Originally Posted by Soterios
To be fair, my statement was a bit hyperbolic. I'm sure SOME people have crossed the gap. I still contest that the uptick in sales isn't those people. As to my statement, that's just based on the distribution of resources. The wealthiest 1% is increasing their total share of the countries resources, not decreasing. So in general. The 1% is absorbing the economic growth at a rate that's an order of magnitude higher. I believe the number was around 22% of the nations income is going to the top 1%. This is also coming off of the recent recession saw the top income earners falling 4%, while the bottom 99% fell over 20%. ( https://files.stlouisfed.org/files/h...inequality.pdf )
It's speculation, but I don't think it's crazy to suggest that rich people buying higher quantities of expensive cars doesn't help the majority of folks. |
You were neither being hyperbolic nor controversial (nor wrong) by asserting that increased super/hypercar sales were not generally a good indicator of overall wealth increasing for the vast majority of people.