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John Lounsbury
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John Lounsbury, Managing Editor and Co-founder of Global Economic Intersection, provides comprehensive financial planning and investment advisory services to a small number of families on a fee only basis. He has a background which includes 34 years with a major international corporation, 25... More
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  • Solving The Income Inequality Problem 5 comments
    Jul 10, 2012 11:57 PM

    Does the following graph from the 5 Min. Forecast show how the U.S. is going to resolve the income inequality problem?

    If so, it will take a long time. If the number renouncing were to average 3,000 a year, it would take more than 100 years for the 1% to emigrate, and much longer if the population keeps increasing at the present rate. Population growth has slowed to around 0.8% in the past few years, but has averaged more than 1% a year for most U.S. history.

    If U.S. population were to grow at 1% a year, in 100 years there would be close to 850 million people in the country. For the same rate of emigration on a percentage basis as 2011, about 4,900 emigrants would exist for the year 2112.

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  • DigDeep
    , contributor
    Comments (2357) | Send Message
     
    Thanks John.
    Income inequality isn't best solved by defection IMO.

     

    It's the guys on the bench and the low profile players on the team - that either make or break the success of a 'team'. The 1% stars are not the answer to a successful 'season'...

     

    Resolution of a base problem will help correct the downward pressure on income for the bottom 90%. The base problem: Heavy costs of regulations that we impose upon ourselves and industry vs the more lax/lower costs of reg's for the EM producing countries.

     

    Until that problem is resolved, downward pressure on incomes will continue as out-sourcing continues to be an attractive alternative to domestic production. Think the Boeing plant planned for South Carolina - business looks at that fiasco as just another reason to build outside the U.S.

     

    The Golden Goose (bottom 90%) of the economy once was the engine of growth...the goose internal temp is getting close to being fully cooked. The 'problem' needs to be addressed - and solved.
    11 Jul 2012, 08:12 AM Reply Like
  • John Lounsbury
    , contributor
    Comments (3974) | Send Message
     
    Author’s reply » I probably should have replaced my calculations with a sarcastic remark to clearly reveal the (bad, ghoulish) humor I saw in this situation.
    11 Jul 2012, 01:21 PM Reply Like
  • DigDeep
    , contributor
    Comments (2357) | Send Message
     
    Yes - understood...I did see that - and you do love crunching numbers.

     

    Of the many wormholes I see - the costs of reg's playing field is the darkest.

     

    thanks
    11 Jul 2012, 05:38 PM Reply Like
  • dancing diva
    , contributor
    Comments (2539) | Send Message
     
    John - saw the headline and thought, now here's something new on SA and eagerly opened the article. Thanks for the laugh.
    12 Jul 2012, 09:16 AM Reply Like
  • TeresaE
    , contributor
    Comments (3041) | Send Message
     
    "solving" a problem created by the same people that tout "solving" it.

     

    Gotta luv human nature.

     

    Thanks for the Friday smile John!

     

    Take care
    13 Jul 2012, 12:48 PM Reply Like
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