tag:blogger.com,1999:blog-2761684730989137546.post3894898100327776206..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: David F. Ruccio — Where does all the surplus go?mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-52492005600110025622016-12-16T07:04:33.565-05:002016-12-16T07:04:33.565-05:00@Matt
You wrote
Savings is not surplus....
And ...@Matt<br /><br />You wrote<br /><br /><i>Savings is not surplus....<br /><br />And the govt continuously raising the conforming loan limits doenst have anything to do with income...</i><br /><br />Ruccio did not mention the word "savings" once. Not once. Nor did he say anything about conforming loan limits.<br /><br />What he did say is that the fraction of GDP going to the 1% is composed of several things: a return to capital (the different shades of green in the chart) and a return to their labour (the different shades of red): their managerial pay, which they establish for themselves in shareholders' meetings.<br /><br />Decomposing GDP into wages and profits<br /><br />Y = Wages + Profits<br /><br />We know that Wages/Y has been falling. On top, and this is what Ruccio says, Wages/Y has to be further decomposed into a falling part going to the 99% and an increasing part, going to the 1%.<br /><br /><br />Magpiehttps://www.blogger.com/profile/07528637318288802178noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-49525896095390532832016-12-15T12:57:26.697-05:002016-12-15T12:57:26.697-05:00Here:
https://www.fanniemae.com/content/fact_shee...Here:<br /><br />https://www.fanniemae.com/content/fact_sheet/historical-loan-limits.pdf<br /><br />so if somebody owned the same modest home for the last 36 years then they have an additional $317k or more "income" over that period...<br /><br />Hasnt been raised since 2008 so you see this disparity flat-lining since 2008....Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-18121036900356597752016-12-15T12:24:53.107-05:002016-12-15T12:24:53.107-05:00Savings is not surplus....
And the govt continuou...Savings is not surplus....<br /><br />And the govt continuously raising the conforming loan limits doenst have anything to do with income...Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.com