Comments by "daniel webb" (@danielwebb8402) on "Why Germany’s Economy is in Trouble" video.

  1. Exactly. Easier to go from 30mph to 40 than from 70 to 80
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  2. They meant GDP. Not stock market. Hence showed GDP graph.
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  3. Because standards of living were higher in the 50s?
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  4. How much of other people's money would sate you?
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  5. @Loki Beckons  So you think you'd rather live at the 10th percentile in 1950s than 10th today? 50th them than today. 75th.. . Yes please. Outside toilets ahoy
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  6. @Loki Beckons  More stable? We live in the 70 years with lowest proportion of humans dieing due to conflict in all of evolution.
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  7. @Loki Beckons  Yeah I'm an actuary. Financial economics degree. Earn 6 figures working part-time in the finance world. Semi retired at 39 purely because good at economics and numbers
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  8. @Loki Beckons  So the last 70 years we have had massive amounts of value created. Therefore we should change the model from the last 70 years.
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  9. @Loki Beckons  Yeah I really don't care if profits are high. I compare myself to myself yesterday rather than someone else today. No envy here. I'd rather I had 101 and someone else have 200, than we both have 100 of stuff.
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  10. @Loki Beckons  Maybe read wealth of nations. THE most important financial book ever. But you knew that with your superior economic education and knowledge. So you've accepted living standards now are higher than ever ever ever. But think that isn't OK. So we need to change the system. You think the past 50-70 years have been unstable. In part because tax rates have been too low. So 1910-1960 was MORE stable, whatever you mean by that, than 1960-2022? 1860-1910 was too? I think you mean "even" rather than stable. Yes if everyone has bugger all it is more even. Not better. But sates envy. What historical periods was tax rates 90%? Of say the past 6000 years of human history, since had actual civilisation. I semi retired rather than have a marginal rate of 62%. In the last uk election Labour had a policy of increasing the highest income tax rate to 50%. In their own costings. A left wing party. They accepted this REDUCED tax revenue. So would result in lower public services. Because as someone else has said, world isn't a zero sum game. But was still policy. As isn't about improving life for the less well off, but still historically and globally today rich. Is pure spite and envy and economic illiteracy.
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