Two economists are walking in a forest when they come across a pile of shit.
The first economist says to the other “I’ll pay you $100 to eat that pile of shit.” The second economist takes the $100 and eats the pile of shit.
They continue walking until they come across a second pile of shit. The second economist turns to the first and says “I’ll pay you $100 to eat that pile of shit.” The first economist takes the $100 and eats a pile of shit.
Walking a little more, the first economist looks at the second and says, "You know, I gave you $100 to eat shit, then you gave me back the same $100 to eat shit. I can't help but feel like we both just ate shit for nothing."
"That's not true", responded the second economist. "We increased the GDP by $200!"
You left out the part where they each paid a consultant $15 to determine that the $100 was indeed worth the shit eating. Then a lawyer to draw up a contract for another $15 each. Which has factor 90 so the recipient had to cover the lawyers fees and consultant fees on credit at 5% for 90 days. Then they claimed the $100 as income and had to pay 24% income tax so technically they lost money in a shit eating contest.
anon straight up lied, also GDP per capita doesn't mean much when 0.01% of your populations holds 2/3 of the wealth, and 1/3 of your population is on food stamps and barely affords rent
Mississippi has a GDP of about 120 billion with a population of 3 million.
Germany's GDP is 4.5 trillion with a population of 84 million.
So Germany's population is 28 times bigger but generates 375 times the value that Mississippi does. It achieves this while having universal healthcare and public transit. Meanwhile people in Mississippi can't afford housing, food, or Healthcare!
Really changes perspectives when you dont cherrypick data that sounds good but is devoid of context dont it
Anon swallowed the propaganda, gdp per capita doesn’t indicate wealth distribution.
Mississippi residents will shout this “fact” until their last hospital closes and every road outside Jackson is broken cobbles.
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