You'll have to explain why my service income is bad while your manufacturing (I'm assuming) income is better.
If you look into the inflation statistics, the service sector is the dominant factor in inflation. Dollars chasing dollars in a sevice economy does not portend a good end.
Yes, the government spends too much.
And growing without bound becoming ever more the dominant factor allocation of in national income as opposed to private purpose.
Yes, inflation sucks. I guess you shouldn't hold onto paper dollars then. Try investing them in something that earns a real (that's adjusted for inflation) return.
Like your service sector I presume, to assure even greater inflation in dollars chasing dollars as opposed to production.
That's why you want to earn interest or dividends on your money.
From what? That savings number is what is the percentage of after tax dollars not utilized in consumption. The trend is fewer dollars out of discretionary income going into investment in fact that trend has gone into negative territory. Not good for the future at all.
Yes, the savings rate has dropped. We must be poor.
Net worth today has nothing to do with the issue, we are speaking of where the nation is headed not where we at the current point.
Unless you look at our household net worth. Then you'd see that we're not so poor.
A spendthrift does not stay "not so poor" for very long. As a nation we are spendthrifts. A trend left unattended which will end poorly for the future economic health of this nation.
See you in the winter grasshopper.
If the service sector makes up 70% of the economy, it makes sense that it makes up the larger portion of inflation statistics. Doesn't prove that service is bad and manufacturing is good. Try again?
Like your service sector I presume, to assure even greater inflation in dollars chasing dollars as opposed to production.
Services are inflationary? Manufacturing is deflationary? You're making less and less sense.
From what? That savings number is what is the percentage of after tax dollars not utilized in consumption.
Capital gains taxes are subtracted, capital gains are not added. The savings statistic as currently calculated leaves a lot to be desired.
Net worth today has nothing to do with the issue,
That's right. We're poor and $54 trillion in net worth won't convince you otherwise.
See you in the winter grasshopper.
Buy gold!!