Category: eCOnomics

EcoFacts

The One Percenters – what it takes to be in the 1% in each state. Top 1 – 5 – 10% Who Pays Taxes? 45% of Americans pay no income taxes at all. Americans by quintile: The richest 20% (top quintile) of Americans pay more than 86% of income taxes The poorest two quintilles (lowest…

The Power of Brexit

Brexit has caused Europe to rethink things. Like Greece. Greece is $300 Billion in debt (just government debt) and their GDP is $195 Billion (2015). So Europe has cut them a break and just gave them another $9.5 Billion in aid. I say “gave” because everyone knows that it will never be repaid. But Europe…

Economics Progress

GDP going to Labor (workers) as opposed to going to capital: 1970: 68.8% 2013: 60.7% Number of Manufacturing Jobs in US: 1979: 19,300,000 2015: 12,300,000 Population of US: 1979: 225,000,000 2015: 321,000,000   Before 2000 – Americans were getting richer: lower and middle classes were shrinking percentage of families making $100k+ was growing (inflation adjusted) After 2000 Americans were…