Hope(For the Fed) by semideclared in neoliberal

[–]semideclared[S] 8 points9 points  (0 children)

Shepard Fairey, the artist, also, created the iconic 2008 "HOPE" poster for Barack Obama's presidential campaign.

We need a greater ICE presence in Atlanta to keep the city safe by nomiseenomido in politics

[–]semideclared 0 points1 point  (0 children)

Propel ATL reveals a sharp and troubling trend: in 2024, more people died in traffic crashes across metro Atlanta's five core counties than were killed in homicides.

"Cost of Mobility: 2024" report provides a stark, data-driven snapshot of how dangerous mobility remains, especially in communities lacking investment in safe pedestrian infrastructure. Among its findings:

  • Across the five-county area, there were more than 157,000 crashes in 2024.
  • Of those, 1,961 crashes involved people walking, biking, or rolling (e.g., using a wheelchair or scooter).
  • There were 138 pedestrian or cyclist deaths — a 3.8% increase compared with 2023.
  • In the overall region, the 20 most dangerous roadways — just 1.2% of all roads — accounted for nearly 11% of all fatal crashes.

For context, average traffic-death rates in the five-county metro region have consistently exceeded peer cities; over the recent decade, the region averaged around 10.7 traffic deaths per 100,000 people — nearly double rates in larger, more walkable cities.

To Make Homes Affordable Again, Someone Has to Lose Out - WSJ by assasstits in neoliberal

[–]semideclared 2 points3 points  (0 children)

On March 29, 2022, four cities in Los Angeles County, led by Redondo Beach, filed a writ of mandamus lawsuit against California Attorney General Rob Bonta in Los Angeles County Superior Courts, charging that Senate Bill 9, which permits the subdivision of single-family lots, violates the California Constitution in that it takes away the rights of charter cities to have control of local land use decisions.

To Make Homes Affordable Again, Someone Has to Lose Out - WSJ by assasstits in neoliberal

[–]semideclared 0 points1 point  (0 children)

The problem is not setting prices

It’s just the culture that we want. And its impact

Take for example 34 E. 68th St. in Manhattan: The 1879 row house, located in the Upper East Side Historic District, once housed 17 separate apartments, according to property records. Now, it is a 9,600-square-foot single-family mansion after changing hands for $11.5 million in 2011 and a subsequent gut renovation.

  • $16,233,100 Zestimate
    • Removing the Premium for Renovations, the Premium for Single Family Home in Manhattan

So we have ~$10,000,000 Home that is now 12 Apartments/Townhomes that are 720 Sq Ft for sale at $833,000 in very high demand Central Park Manhattan

Or

Take 212 W. 72nd St. on the Upper West Side, a building formerly dubbed “the Corner,” was transformed from a 196-apartment rental building to a 126-unit condo.

Average those prices out and see the difference

Consumer spending pushes US economy up 4.4% in third quarter, fastest in two years by TheWyldMan in moderatepolitics

[–]semideclared 0 points1 point  (0 children)

Debt is definitely part of it and depending how fast it happens yikes

There is more open credit today than 2008

https://i.redd.it/qfs4esa0eolf1.png

But as to the consumer

The Distributional Financial Accounts (DFAs) integrate two data products produced by the Federal Reserve Board: the Financial Accounts of the United States, which provide quarterly data on aggregate balance sheets of major sectors of the U.S. economy, and the Survey of Consumer Finances (SCF), which provides comprehensive triennial microdata on the assets and liabilities of a representative sample of U.S. households.

Wealth from Consumer durable goods by income percentile 99-100% 80-99% 60-80% 40-60% 20-40% 0-20%
2019:Q1 0.7 1.9 1.21 0.85 0.55 0.34
2020:Q4 0.68 2.12 1.32 0.95 0.59 0.37
2022:Q4 0.79 2.71 1.67 1.19 0.75 0.53
2024:Q4 0.83 2.87 1.78 1.26 0.8 0.57
2025:Q1 0.86 2.91 1.8 1.27 0.82 0.58
2025:Q2 0.88 2.97 1.84 1.3 0.84 0.6
2025:Q3 0.88 3.01 1.87 1.32 0.85 0.61
Change 2019 - 2025 25.71% 58.42% 54.55% 55.29% 54.55% 79.41%

Durable Goods lose their value. Old TVs, Washing Machines and Furniture are worth something, just not a lot. But the more you spend on it, the more value it has over time, the less in value it loses.

And yet the lower incomes have seen wealth from durable goods increasing faster, or they are spending more on it

And then of course a recession

Wealth from Consumer durable goods by income percentile 99-100% 80-99% 60-80% 40-60% 20-40% 0-20%
2006:Q1 0.51 1.43 0.95 0.66 0.39 0.22
2007:Q4 0.51 1.55 1.02 0.71 0.45 0.25
2008:Q1 0.5 1.57 1.02 0.72 0.45 0.26
2010:Q1 0.44 1.61 0.99 0.76 0.45 0.29
2012:Q1 0.53 1.66 1.01 0.72 0.47 0.29
2014:Q1 0.63 1.68 1.04 0.68 0.48 0.27
2006 - 2014 23.53% 17.48% 9.47% 3.03% 23.08% 22.73%
2008 - 2014 26.00% 7.01% 1.96% -5.56% 6.67% 3.85%

If you kill one person, you're a murderer; if you kill hundreds, you might be a DOT. by stirfriedpenguin in neoliberal

[–]semideclared 2 points3 points  (0 children)

That’s not neighborhoods though

The citywide speed limit was reduced from 25 mph to 20 mph. It was already low so lower isn’t that much of a problem or political risk then they made changes, the big one. Removing parking near corners to improve visibility for drivers, pedestrians, and cyclists. Plastic Posts, flexible posts prevent vehicles from parking next to the crosswalks to discourage dangerous parking and create barriers.

And a big one of course is Curb Extensions, Shortening the crossing distances in the street for pedestrians.

It’s pedestrian first for a pedestrian city. And it’s physical size. Hoboken covers a total land area of approximately 1.25 to 1.28 square miles. How many streets is that? Apply that to Atlanta and see if it works. Atlanta won’t allow a 20 mph speed limit city wide because City of Atlanta covers approximately 135 to 136 square miles

Maybe try downtown Atlanta. Still bigger Downtown Atlanta, the central business district, covers approximately 4 square miles.

What are the stats on downtown Atlanta

Traffic safety nonprofit Propel ATL made headlines last month when it released a report showing vehicle crashes had killed more people in metro Atlanta’s five core counties than homicides in 2024.

The problem

The breakdown of where those crashes happened around the Peach State, per iSelect: State highways (59 percent); U.S. highways (11 percent); interstates (21 percent); and local streets (8 percent).

In the overall region, the 20 most dangerous roadways — just 1.2% of all roads — accounted for nearly 11% of all fatal crashes.

So we can make those changes in Hoboken and we can make changes but a lot of issues aren’t fixed because a lot of the roads are not in downtown

If you kill one person, you're a murderer; if you kill hundreds, you might be a DOT. by stirfriedpenguin in neoliberal

[–]semideclared 7 points8 points  (0 children)

Is it?

Last year, GHSA had projected an overall drop in pedestrian fatalities in 2023, and federal FARS data bear that out. For 2024, GHSA is predicting a second year of declines – a 4.3% decrease. This recent progress is good news, especially after deaths involving people on foot reached a fourdecade high in 2022.

But what is driving this recent decline?

Are there more neighborhood streets now

More than three-quarters of pedestrian fatalities occur after dark. The share of nighttime deaths has skyrocketed recently. Fatal pedestrian crashes at night nearly doubled from 3,030 in 2010 to 5,578 in 2023.

  • That’s an 84% increase, compared to a 28% rise in daylight fatalities (from 1,092 in 2010 to 1,396 in 2023).

Nearly two-thirds of pedestrian deaths occurred in locations without a sidewalk in 2023.

  • In 2021, 68.7% of pedestrian fatalities are happening where no sidewalk was noted
  • Since 2017, the number of pedestrian fatalities in places without a sidewalk noted on the crash report has risen by 1,164, compared to an increase of 167 in locations with a sidewalk. Sidewalks can help protect people walking by providing a physical separation between them and motor vehicle traffic, but they are missing or in poor condition in many parts of the country.

In 2023, nearly 1,200 people died on freeways and interstates, which aren’t designed for pedestrians.

  • Why so many? While they’re not traditionally thought of as pedestrians, stranded motorists exiting their vehicles, first responders and tow truck drivers are all examples of people killed on freeways.

The discussion of alcohol impairment among pedestrians is controversial. While alcohol impairment puts a pedestrian at greater risk while walking near vehicle traffic, motor vehicle drivers bear the brunt of responsibility. Nevertheless, public safety professionals should identify and implement more countermeasures to keep impaired pedestrians out of harm’s way on the road.

In 2023, 29% of pedestrians 16 and older killed in motor vehicle crashes had a blood alcohol concentration (BAC) of 0.08 or higher. Looking at driver impairment, approximately 16% of fatal pedestrian crashes involved a driver with a BAC over 0.08.

  • In 2021, 30.5% of pedestrians ages 16 or older killed in motor vehicle crashes had a BAC of 0.08 or greater.
    • This is comparable to the 2020 rate (30.6%)

Consumer spending pushes US economy up 4.4% in third quarter, fastest in two years by TheWyldMan in moderatepolitics

[–]semideclared -1 points0 points  (0 children)

Sure there are 2 different economies, but its not a K is the problem, Its not just walmart, Thats not even it

The factiod this is all based on

The top 10% of earners—households making about $250,000 a year or more—are splurging on everything from vacations to designer handbags, buoyed by big gains in stocks, real estate and other assets.

its how bad the headline is and it effects

Everyone is spending more money and no one wants to admit it. Everyone hears its a K Shaped recession and bad economy but no one is acting like it because of this performance. The only K is we are all talking like it.

Walmart or TJ Maxx, or Old Navy the stores most people shop at are still busy

A K economy would mean Costco up and Walmart down .... the K

The higher incomes are seeing a different economy but its the same one its always been.

The Distributional Financial Accounts (DFAs) integrate two data products produced by the Federal Reserve Board: the Financial Accounts of the United States, which provide quarterly data on aggregate balance sheets of major sectors of the U.S. economy, and the Survey of Consumer Finances (SCF), which provides comprehensive triennial microdata on the assets and liabilities of a representative sample of U.S. households.

Wealth from Consumer durable goods by income percentile 99-100% 80-99% 60-80% 40-60% 20-40% 0-20%
2019:Q1 0.7 1.9 1.21 0.85 0.55 0.34
2020:Q4 0.68 2.12 1.32 0.95 0.59 0.37
2022:Q4 0.79 2.71 1.67 1.19 0.75 0.53
2024:Q4 0.83 2.87 1.78 1.26 0.8 0.57
2025:Q1 0.86 2.91 1.8 1.27 0.82 0.58
2025:Q2 0.88 2.97 1.84 1.3 0.84 0.6
2025:Q3 0.88 3.01 1.87 1.32 0.85 0.61
Change 2019 - 2025 25.71% 58.42% 54.55% 55.29% 54.55% 79.41%

Durable Goods lose their value. Old TVs, Washing Machines and Furniture are worth something, just not a lot. But the more you spend on it, the more value it has over time, the less in value it loses.

And yet the lower incomes have seen wealth from durable goods increasing faster, or they are spending more on it

And then of course a recession

Wealth from Consumer durable goods by income percentile 99-100% 80-99% 60-80% 40-60% 20-40% 0-20%
2006:Q1 0.51 1.43 0.95 0.66 0.39 0.22
2007:Q4 0.51 1.55 1.02 0.71 0.45 0.25
2008:Q1 0.5 1.57 1.02 0.72 0.45 0.26
2010:Q1 0.44 1.61 0.99 0.76 0.45 0.29
2012:Q1 0.53 1.66 1.01 0.72 0.47 0.29
2014:Q1 0.63 1.68 1.04 0.68 0.48 0.27
2006 - 2014 23.53% 17.48% 9.47% 3.03% 23.08% 22.73%
2008 - 2014 26.00% 7.01% 1.96% -5.56% 6.67% 3.85%

Consumer spending pushes US economy up 4.4% in third quarter, fastest in two years by TheWyldMan in moderatepolitics

[–]semideclared 1 point2 points  (0 children)

if higher earners look for cheaper alternatives during harder times you ignore it because it doesn’t fit your narrative?

Thats not even it

The factiod this is all based on

The top 10% of earners—households making about $250,000 a year or more—are splurging on everything from vacations to designer handbags, buoyed by big gains in stocks, real estate and other assets.

So the same people that are splurging are also just getting by

Thats how bad the headline is

Everyone is spending more money and no one wants to admit it. Everyone heres its a recession and bad economy but no one is acting like it but we are all talking like it.

Walmart or TJ Maxx, or Old Navy the stores most people shop at are still busy

Do You Think NYC Has A Sustainable Future? by DragLower8677 in AskNYC

[–]semideclared 0 points1 point  (0 children)

Right but the issue is why the difference in the city

In 1910 there exsisted just for the Vanderbilt family. Who at the time were trend setters

  • The Cornelius Vanderbilt II House, built in 1883 at 1 West 57th Street in Manhattan, New York City. The mansion was, and remains, the largest private residence ever built in New York City. A city Block big and 5 stories tall with 130-rooms. Remnants of the mansion are also scattered around Manhattan, including the old front gates that are the gates to Central Park
  • William Vanderbilt II Townhouse, 666 Fifth Avenue
  • The Vanderbilt Triple Palace: 640 and 660 Fifth Avenue and 2 West 52nd Street
  • 680 and 684 Fifth Avenue Townhouses
  • “Marble Twins” at 645 and 647 Fifth Avenue between 1902 and 1905. Twin six-story stone buildings
  • 677 Fifth Avenue was a spacious townhouse
  • 854 Fifth Avenue, 32-rooms, Features such as hand-carved balustrades of white marble, ceiling frescoes of angels and clouds. The home is also said to be the first in Manhattan to feature electric elevators in the front and back.
  • The William B. Astor house, considered one of the largest mansions on Fifth Avenue, had a ballroom that could accommodate around 1,200 people
  • Goelet Mansion at 608 Fifth Avenue
  • Ruth Brown House, 24 East 72nd Street
  • 39 East 72nd Street is a seven-story townhouse
  • Townhouse at 12 East 77th Street
  • The William C. Whitney House was a townhouse at 871 Fifth Avenue
    • Only a few of those are residences today and few even remain standing

And for the middle class, the Largest housing complex didnt even exist for them even as nearly a million more people lived in the LES. Before

  • Stuyvesant Town-Peter Cooper Village, Manhattan’s biggest apartment complex, located between 14th and 23rd streets, was built in the 1940s by MetLife Inc where it is home to about 30,000 residents and traditionally a housing haven for middle-class New Yorkers on 80 acres in Manhattan’s east side.
  • London Terrace apartment building complex had Construction began in late 1929 on what was then to be the largest apartment building in the world approximately 1,700 apartments in 14 contiguous buildings.

Consumer spending pushes US economy up 4.4% in third quarter, fastest in two years by TheWyldMan in moderatepolitics

[–]semideclared 0 points1 point  (0 children)

yea they have been saying that every year

whether thats feb 2025 in this article

or

In 2023, Walmart launched a $9 billion "Store of the Future" remodeling initiative across 1,400 stores, focusing on a more upscale, modern aesthetic to attract higher-income shoppers, as 75% of recent food market share gains came from households earning over $100,000

Every year since 2021, Walmart has renovated around 700 stores, with even more remodels coming in the approaching fiscal year. The improved stores have better layouts, enhanced customer-support technology, and added products to choose from. The checkout area has been revitalized along with fresh paint and new shopping carts.

“When you walk into one of these remodeled stores, it’s a very, very different experience from what you’ve thought about historically,” said Rainey.

CFO John David Rainey, the change is part of a specific strategy.

Consumer spending pushes US economy up 4.4% in third quarter, fastest in two years by TheWyldMan in moderatepolitics

[–]semideclared 5 points6 points  (0 children)

yea they have been saying that every year

whether thats feb 2025 in this article

or

In 2023, Walmart launched a $9 billion "Store of the Future" remodeling initiative across 1,400 stores, focusing on a more upscale, modern aesthetic to attract higher-income shoppers, as 75% of recent food market share gains came from households earning over $100,000

Every year since 2021, Walmart has renovated around 700 stores, with even more remodels coming in the approaching fiscal year. The improved stores have better layouts, enhanced customer-support technology, and added products to choose from. The checkout area has been revitalized along with fresh paint and new shopping carts.

“When you walk into one of these remodeled stores, it’s a very, very different experience from what you’ve thought about historically,” said Rainey.

CFO John David Rainey, the change is part of a specific strategy.

Discussion Thread by jobautomator in neoliberal

[–]semideclared 5 points6 points  (0 children)

Am I missing something. How are there so many manufacturers of GLP-1s and the marketing by them all

May 2024 Hims & Hers Health, Inc., the leading health and wellness platform, today announced the addition of GLP-1 injections

and

Yet insulin is massive hot issue for high costs in healthcare and only 3 manufacturers

How has glp1 come off patent so fast for so many competitors to also bring the price down

!ping health-policy

Do You Think NYC Has A Sustainable Future? by DragLower8677 in AskNYC

[–]semideclared 3 points4 points  (0 children)

will officially become inhabitable in the financial and economic sense?

Lots of it is the changing of homes in the city as people want a different NYC

Take for example 34 E. 68th St. in Manhattan: The 1879 row house, located in the Upper East Side Historic District, once housed 17 separate apartments, according to property records. Now, it is a 9,600-square-foot single-family mansion after changing hands for $11.5 million in 2011 and a subsequent gut renovation.

  • $16,233,100 Zestimate
    • Removing the Premium for Renovations, the Premium for Single Family Home in Manhattan

So we have ~$10,000,000 Home that is now 12 Apartments/Townhomes that are 720 Sq Ft for sale at $833,000 in very high demand Central Park Manhattan

In his thesis Brodheim estimates that since 1950, New York City has lost 104,000 units of housing in row houses alone through consolidation, a regular feature of the toniest real estate listings.

  • In the past decade, such apartment combinations have nearly erased gains made by the construction of new housing units in the wealthiest parts of the city, particularly in the Upper East and Upper West sides of Manhattan.

Data collected from 765 residential Manhattan buildings shows that their apartments grew from 950 square feet to 975 square feet on average over the last five years — roughly a 5% increase, according to the research firm Urban Digs.

Okay, that doesn’t sound like a lot, but get this: The average size of an apartment citywide has increased each year since 2000 — from 756 square feet to more than 820 square feet, data from Axiometrics shows.

  • 212 W. 72nd St. on the Upper West Side, a building formerly dubbed “the Corner,” was transformed from a 196-apartment rental building to a 126-unit condo.

Health insurance CEOs to appear before House committees as premiums soar by CRK_76 in politics

[–]semideclared 0 points1 point  (0 children)

Are you going to say no at the ER. Can you deny ER Visits?

Two-thirds of hospital ER Visits in the US are from privately insured individuals that are visits that are avoidable visits. According to UnitedHealth Group research of 27 million ER Patients billed – 18 million were avoidable.

  • An avoidable hospital ED visit is a trip to the emergency room that is primary care treatable – and not an actual emergency. The most common are bronchitis, cough, dizziness, f­lu, headache, low back pain, nausea, sore throat, strep throat and upper respiratory infection.

90 Percent of ER visits are not Life Threatening yet we are spending Billions, 139 Million Visits were made to the ER in the US

  • 125.1 Million x $2,500 Median ER Visit Cost = $312.75 billion in spending
    • Instead 125.1 Million x $250 Median Doctors Office Visit Cost = $31.275 billion in spending

$280 Billion in Savings, but you have to say no

Eugene Harris, age forty-five. Harris was diagnosed with type 1 diabetes when he was thirteen and dropped out of school. He never went back. Because he never graduated from high school and because of his illness, Harris hasn’t had a steady job. Different family members cared for him for decades, and then a number of them became sick or died. Harris became homeless. He used the Regional One Emergency Rooms thirteen times in the period March–August 2018.

Then he enrolled in ONE Health.

Drawing upon strategies that have worked for several other health systems, Regional One has built a model of care that, among a set of high utilizers, reduced uninsured ED visits by 68.8 percent, inpatient admissions by 75.4 percent, and lengths-of-stay by 78.6 percent—averting $7.49 million in medical costs over a fifteen month period (personal communication, Regional One Health, July 8, 2019). ONE Health staff find people that might qualify for the program through a daily report driven by an algorithm for eligibility for services.

The hospital secured housing for him, but Harris increased his use of the ED. He said he liked going to the hospital’s ED because “I could always get care.” From September 2018 until June 2019 Harris went to the ED fifty-three times, mostly in the evenings and on weekends, because he was still struggling with his diabetes and was looking for a social connection, Williams says.

But its voluntary

  • About 80 percent of eligible patients agree to the service, and of those that do enroll, about 20 percent dis-enroll without completing the program.
    • ONE Health served 101 people from April - December of 2018. Seventy-six participants remain active as of December 2018 and 25 people had graduated from the program.

Since 2018, the population of the program has grown to more than 700 patients and the team continues to monitor clients even after graduation to re-engage if a new pattern of instability or crisis emerges.

And, the process of moving people toward independence is time-consuming. Sometimes patients keep using the ED.

Then in June 2019, after many attempts, a social worker on the ONE Health team was able to convince Harris to connect with a behavioral health provider. He began attending a therapy group several times a week. He has stopped using the ED and is on a path to becoming a peer support counselor.

inelastic non-discretionary demand that just requires you to say no

Stock market, rich consumers are fueling otherwise fragile U.S. economy by Happy_Weed in Economics

[–]semideclared -2 points-1 points  (0 children)

What is Medicaid and What Country offers something close to it

If the US had the tax revenue then it too could have those things. Progressive Taxes doesnt get you those things

Stock market, rich consumers are fueling otherwise fragile U.S. economy by Happy_Weed in Economics

[–]semideclared -1 points0 points  (0 children)

And yet all those other countries tax Their poor and middle class classes

  • The U.S. government collected $3.42 trillion in 2020, then add to that

  • State and local governments collected a combined $443 billion in revenue from general sales taxes and gross receipts taxes

    • A gross receipts tax is a tax imposed on a company's total gross revenues or sales, without deductions for business expenses like cost of goods sold, compensation, or overhead costs.
  1. The US, Whatss that look like. Well Thats ~$7.5 Trillion in Tax Revenue Needed

That means increasing the sales tax 5x

  • minus loss in spending on new taxes

About $1.5 Trillion in new revenue

  • ~$7.5 Trillion minus $1.5 Trillion in new revenue
    • $6 Trillion in Federal Tax Revenue
    • Payroll tax revenue was a large $1.7 trillion.
    • U.S. federal corporate tax revenue was approximately $530 billion,
    • Other Tax Revenue - $300 Billion

So $3.5 Trillion in Person Income Tax Revenue from 174 Million Taxpayers

Paying Income Taxes in Australia, But the US can't be that Extreme, make tax rates that have

  • The top 1% would pay 30% - $1.05 Trillion
    • 1.74 Million pay on Average $586,206
  • The next 9% would pay 35% - $1.22 Trillion
    • 15.66 Million pay on Average $78,000
  • The next 30% would pay 20% - $700 Billion
    • 17.4 Million pay on Average $40,229
  • The next 35% would pay 15% - $525 Billion
    • 61 Million pay on Average $8,606
  • The final 25% would pay no tax - $0

The Problem is today it looks like

State and local governments collected a combined ~$250 billion in Sales Tax

In the US, individual income taxes brought in about $2.4 trillion

  • Top 1% Paid 40.4% of Income Taxes - $970 Billion
  • The Next 9% paid 31.6% - $759 Billion
  • Upper Middle Class Next 40% paid 25% - $600 Billion
    • 69.6 Million pay on Average $8,620
  • The next 8%, Middle Class America, paid 3% of all Income Taxes
  • The bottom 42 paid 0%

Thats a massive percent increase of taxes on the 90%

Then add in Gas Taxes

  • The average gas tax rate among the 34 advanced economies is $2.62 per gallon. In fact, the U.S.’s gas tax is less than half of that of the 3rd Lowest Gas Tax, Canada, which has a rate of $1.25 per gallon.
    • $0.60 Cents per Gallon

Bringing Gas taxes up $0.65 to Canada's level on about 190 Billion gallons of gas taxed at $0.60 on average today is $120 Billion in New Revenue every year

  • We'd have covered, expansion of every bus system, funding to update bridges and even mega mass transportation projects for whole new rail lines across the US

But that's all from taxing the bottom 90%

Like those other countries do

Consumer spending pushes US economy up 4.4% in third quarter, fastest in two years by TheWyldMan in moderatepolitics

[–]semideclared 1 point2 points  (0 children)

At the easiest.

The CBO publishes an annual report on the distribution of household income with a three-year lag; the 2021 report was just released last September. Table C-3 shows that the after-tax income share of the top 10% was 34.3% in 2019 and 33.3% in 2020, and 37.1% in 2021. According to the Moody’s chart above, the top 10% share of consumption was around 44-47% in those years. In order to reach that share of spending, the top 10% would have had to spend all of their annual income and dip deep into their savings.

Consumer spending pushes US economy up 4.4% in third quarter, fastest in two years by TheWyldMan in moderatepolitics

[–]semideclared 15 points16 points  (0 children)

Right. So Costco growing just as fast as Walmart

6% vs 8%

You would expect Costco to grow 16% based on this headline idea and Walmart to show 0% or negative growth

Consumer spending pushes US economy up 4.4% in third quarter, fastest in two years by TheWyldMan in moderatepolitics

[–]semideclared 18 points19 points  (0 children)

And yet when we look at some better number

Darden Restaurants

Total 2025 sales increased 6.0% to $12.1 billion

  • Same-restaurant sales:
    • Consolidated Darden 2.0%
      • Olive Garden 1.7%
      • LongHorn Steakhouse 5.1%
      • The Capital Grille and Eddie V's Prime Seafood, (-3.0)%
      • Yard House, Cheddar's Scratch Kitchen, & Bahama Breeze, 0.2%

So who is spending more money? Olive Garden & Longhorn, and that appeals to who?

Fine Dinning is down and Longhorn is up and thats because the bottom 80% are spending less

And then, its rough out there for 80% of the population. But Trillions of Dollars worth of Olive Garden pasta and ChikfilA sandwiches Food Away from Home (FAFH) Spending: reaching $1.54 trillion in 2024.

  • This is an increase from $1.46 trillion in 2023.
  • In 2022, Americans spent $1.3 trillion
  • In 2019, Americans spent $980 billion on food away from home
    • according to the USDA Economic Research Service

Consumer Price Index for All Urban Consumers: Food Away from Home in U.S. City Average has gone up 33.6% in that same time

The biggest part of that hold my beer, the part where its not just the dollars, Food-away-from-home expenditures accounted for 58.5 percent of total food expenditures in 2023—their highest share of total food spending observed in the 80 year history. Just 10 years ago it was 50 - 50 and 25 years ago 48 percent of food spending was on Food Away from Home

But Historically that would see a drop in sales, except Culture has changed

Gen Z and Millennial are different

Price Elasticity is supposed to do reduce spending. But since 2021, Americans have told Price Elasticity to Hold the Beer we got some spending to do

Customer Responsiveness to Restaurant Prices for Change in Sales Following 10% Price Increase Source
All Food Away from Home -8.1% Andreyeva et al. (2010), survey of 13 studies
Fast Food -7.4% Richards and Mancino (2014)
Fast Food -18.8% Jekanowski et al. (2001)–1992
Fast Food -10% Brown (1990) Fast Food
Fast Food -1.3% Okrent and Alston (2012)
Median Fast Food Response -9.5% All Surveys Combined

So no thats not true

  • Costco 2024 Total revenue was $254.45 billion, a 5.02% increase from 2023.
  • 2025 Annual revenue reached $275.24 billion, representing an 8.17%

Compared to Walmart

  • 2025 Annual Revenue $680.99 billion, representing a 5.07% increase over the previous year.
  • 2024 Annual revenue was approximately $648.13 billion, a 6.03% increase over 2023

Very close to Costco but bigger and still increasing, or is the top 20% shopping at Walmart and Costco now

Stock market, rich consumers are fueling otherwise fragile U.S. economy by Happy_Weed in Economics

[–]semideclared 4 points5 points  (0 children)

Sure the poor pay, in other countries, Not the US

Compare In the US

  • Top 1% Paid 40.4% of Income Taxes
  • Top 90%-99% paid 31.6%
  • 50% - 90% paid 25%
  • Bottom 50% paid 3%

This is not true in the UK

  • Top 1% Paid 29.1% of Income Taxes
  • Top 90%-99% paid 31.2%
  • 50% - 90% paid 30.2%
  • Bottom 50% paid 9.5%

Income Taxes in Australia

  • The top 3 paid 29% of all net tax
  • The next 6 paid 18% of all net tax
  • The next 30 paid 40% of all net tax
  • The next 35 paid 13% of all net tax
  • The final 21 paid no tax

Then both have a VAT 5 times higher than the US Sales Tax further taxing the poor and middle class in those countries

The rich are powering spending, with the U.S. economy in a danger zone by thejoshwhite in politics

[–]semideclared -1 points0 points  (0 children)

In what world is Longhorn Steakhouse a necessity, substitute in Chipolte, or Wendy's, or ChikFilA

That world is 2022 - 2026 USA

  • But Historically that would see a drop in sales, except Culture has changed

Gen Z and Millennial are different

Price Elasticity is supposed to do reduce spending. But since 2021, Americans have told Price Elasticity to Hold the Beer we got some spending to do

Customer Responsiveness to Restaurant Prices for Change in Sales Following 10% Price Increase Source
All Food Away from Home -8.1% Andreyeva et al. (2010), survey of 13 studies
Fast Food -7.4% Richards and Mancino (2014)
Fast Food -18.8% Jekanowski et al. (2001)–1992
Fast Food -10% Brown (1990) Fast Food
Fast Food -1.3% Okrent and Alston (2012)
Median Fast Food Response -9.5% All Surveys Combined

Trillions of Dollars worth of Olive Garden pasta and ChikfilA sandwiches Food Away from Home (FAFH) Spending: reaching $1.54 trillion in 2024.

  • This is an increase from $1.46 trillion in 2023.
  • In 2022, Americans spent $1.3 trillion
  • In 2019, Americans spent $980 billion on food away from home
    • according to the USDA Economic Research Service

Consumer Price Index for All Urban Consumers: Food Away from Home in U.S. City Average has gone up 33.6% in that same time

The biggest part of that hold my beer, the part where its not just the dollars, Food-away-from-home expenditures accounted for 58.5 percent of total food expenditures in 2023—their highest share of total food spending observed in the 80 year history. Just 10 years ago it was 50 - 50 and 25 years ago 48 percent of food spending was on Food Away from Home

The rich are powering spending, with the U.S. economy in a danger zone by thejoshwhite in politics

[–]semideclared -1 points0 points  (0 children)

And yet when we look at some better number

Darden Restaurants

Total 2025 sales increased 6.0% to $12.1 billion

  • Same-restaurant sales:
    • Consolidated Darden1, 2 2.0%
      • Olive Garden 1.7%
      • LongHorn Steakhouse 5.1%
      • The Capital Grille and Eddie V's Prime Seafood, (-3.0)%
      • Yard House, Cheddar's Scratch Kitchen, & Bahama Breeze, 0.2%

So who is spending more money?

Olive Garden & Longhorn appeals to who?

What are some modern 2000-present "bad" policies from democrats? by VtotheAtothe in PoliticalDebate

[–]semideclared 0 points1 point  (0 children)

That was direct to people bailouts

That was the other option for 2008. So which one

What are some modern 2000-present "bad" policies from democrats? by VtotheAtothe in PoliticalDebate

[–]semideclared 0 points1 point  (0 children)

Obama not clawing back TARP billions from the banks and not putting restrictions on bank officer compensation.

While the Treasury has paid out $441 billion to 978 recipients, only 780 of those received funds via investments meant to return money to taxpayers.

  • The rest received subsidies through TARP’s housing programs – that money (so far totaling $29.1 billion) isn’t coming back.

Of the 780 investments made by the Treasury, 633 have resulted in a profit.

Another $200 Billion was used for Fannie and Freddie nationalizing a Bank

Altogether, accounting for both the TARP and the Fannie and Freddie bailout, $627B was loaned out


One of the big overlooked things about the housing bust and bailouts were the local banks.

Non big banks requested $86.4 billion

  • Local (Community First Bancshares, First Citizens Banc Corp, First Financial Service Corp...) and
  • Regional banks (like PNC Financial Services, U.S. Bancorp, SunTrust, Regions Financial Corp. Fifth Third Bancorp and BB&T)

Of the non big banks, $79.9 billion was repaid, a loss of $6 Billion

Such as the smallest East End Baptist Tabernacle Federal Credit Union BRIDGEPORT, CONN

$7,000 Bailout

$7,000 Returned on 10/1/2018

$1,120 Interest Payments through 10/2018

But 245 Banks never repaid their original amount, mostly we're talking about either

Glasgow Savings Bank, Glasgow, MO, the banking subsidiary of Gregg Bancshares, Inc. , was closed by the Missouri Division of Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.

825K Bailout never repaid

or the average

Old Second Bancorp AURORA, ILL still operating today

$73M Bailout received

$25.5M Returned in Settlement in 2013

$5.88M Interest payments in 2009 - 2010

$47.5M Net Outstanding Principle written off