Facts about climate, wealth and other important issues
- Peter Lorenzi
- Oct 12, 2022
- 1 min read
October 12, 2022. Oldie but goodie, the sophistry of the 97% climate change lie.
A good article that dispels myths about the erroneous claims as to the shortcomings and inequalities of capitalism. The fact that BLM decries the police, capitalism and the nuclear family -- all part of the woke trope and attack on "whiteness," which includes denigration of both monotheistic religion and the scientific method.
Next, a good summary of American household incomes across quintiles across the last 45 years. Again, it's the math, not the political science nor greed that has created the gaps in quintile incomes; it's the 'miracle' of compound interest, where everyone gets richer but the rich get richer faster.
More about the disparate outcome implications of equal levels of growth. We've seen this before, here, here, here, here and here.
Another great example of the misunderstandings about income and wealth, as perpetrated by the dumbed down elite media, staffed by people who don't understand math, statistics, economics or finance, just to name a few shortcomings. Case in point: Annutize one's Social Security and Medicare benefits and that provides a massive wealth entry on the household balance sheet.
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