Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: Kunstler--Scale Implosion: After Ruining America, the Era of Giant Chain Stores Is Over [View all]HiPointDem
(20,729 posts)48. totally "accurate"? what? Is the IRS pushing a myth too, when they tell us the bottom 50% of
tax filers only have 12% of the income?
Do you have trouble with the math?
Edit history
Please sign in to view edit histories.
62 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Kunstler--Scale Implosion: After Ruining America, the Era of Giant Chain Stores Is Over [View all]
eridani
Feb 2013
OP
except that the top 20% drives 60% of it. the bottom 60% = about 40% of consumer spending.
HiPointDem
Feb 2013
#29
Sorry, you're misinformed. and it follows logically from the distribution of income.
HiPointDem
Feb 2013
#37
The bottom 50% of earners take home 12% of income. You can't spend more than you get.
HiPointDem
Feb 2013
#39
totally "accurate"? what? Is the IRS pushing a myth too, when they tell us the bottom 50% of
HiPointDem
Feb 2013
#48
You obviously do. Its not taxes itself that drive the economy. Its consumers.
Katashi_itto
Feb 2013
#49
OH? "Its not taxes itself that drive the economy. Its consumers". Yes, and the bottom 50% of
HiPointDem
Feb 2013
#56
i don't know whether you *can't* understand or *won't* understand, but either way, not worth
HiPointDem
Feb 2013
#58
Christ, you dont have a clue. Income doesnt automatically equate to spending. You simply prove
Katashi_itto
Feb 2013
#61
Moodys and WSJ? Oh their credible....Sorry you buy into propaganda. (Snicker)
Katashi_itto
Feb 2013
#42
The bottom 50% of workers make 12% of total income. If you think they're a big consumer
HiPointDem
Feb 2013
#47
We are not talking about shale gas, or coal, we are talking about oil.
Spider Jerusalem
Feb 2013
#46
He has no formal training as an economist, as an engineer, as a psychologist.
Ikonoklast
Feb 2013
#18
He stated opinions about an industry in which I am fairly knowledgeable. He isn't.
Ikonoklast
Feb 2013
#24
More power to Mayor Bloomberg for keeping Walmart out of Manhattan now for 11 years
graham4anything
Feb 2013
#3
Here in suburbia we've been feral tribes scrounging for edible tubers ever since Kunstler first
Ikonoklast
Feb 2013
#11
And add to that how the executive class and stockholders (owners) of these large businesses
gtar100
Feb 2013
#15
I have read that Walmart is actually thinking of changing to the Dollar Store
snagglepuss
Feb 2013
#27