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comment by kleinbl00
kleinbl00  ·  3774 days ago  ·  link  ·    ·  parent  ·  post: Inequality Has Actually Not Risen Since the Financial Crisis

"Income" for the majority of citizens means "wages." Which are a pain in the ass to shelter.

"Income" for the wealthiest of citizens means "capital appreciation." Which are trivial to shelter.

This study basically says "wages for the 90% have risen faster over the past four years than the pathetically small amount of capital gains declared by the wealthy on their taxes."

Which is not surprising. The ability to show a loss on your taxes provides you with all sorts of accounting flexibility. Hey, it might even get the NYT to write a piece sympathizing with your plight.





b_b  ·  3774 days ago  ·  link  ·  

Update: just heard them repeat this verbatim, with none of the important caveats on All Things Considered. Sheesh.

kleinbl00  ·  3774 days ago  ·  link  ·  

PBS lost me forever in 2004 when they remarked the economy must be turning around because Gulfstream was backordered on business jets.

b_b  ·  3774 days ago  ·  link  ·  

Haha. NYT had an article just today about how easy it is to charter your own private jet with some new apps that are out. Like uber for private jet travel. The downside is that sometimes you have to share :(

kleinbl00  ·  3773 days ago  ·  link  ·  

And if you can get 15-20 of your friends to go along, the price comes down to what you pay a domestic carrier.

Had a gig where a client basically bullied me into chartering a jet to get a hard drive from Seattle to Dallas to be there by 7am the next day. Fortunately for all concerned, none of the charter companies were interested in playing... but I did learn that the "meter drop" on a charter jet is about $5500.

b_b  ·  3774 days ago  ·  link  ·  

The title seems horribly dishonest, doesn't it?

Leonhardt knows better. I guess NYT was being a bit click baity with the title.