[ExI] A world drowning in excess savings

[John Clark]

On Tue, Feb 18, 2020 at 9:35 PM spike jones via extropy-chat <
extropy-chat at lists.extropy.org> wrote:

*> Who is doing this “excess saving”? *
>

Well, ordinary people among others... 19.1 Trillion dollars is in
retirement and pension plans.


> > *Rich people?*
>

Yes, $ 35,000,000,000,000 in Hedge funds and other mutual funds.

*> Companies?*
>

Yes, in dividends and in 1.2 trillion dollars worth of stock buybacks in
2018 alone, the first full year after Trump's big corporate tax cut.
Companies did NOT use the money from the tax cut to invest in their own
company.

 John K Clark
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