<div dir="ltr"><div dir="ltr"><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"><span style="font-family:Arial,Helvetica,sans-serif">On Tue, Feb 18, 2020 at 9:35 PM spike jones via extropy-chat <<a href="mailto:extropy-chat@lists.extropy.org">extropy-chat@lists.extropy.org</a>> wrote:</span><br></div></div><div class="gmail_quote"><div dir="ltr" class="gmail_attr"><br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div lang="EN-US"><div class="gmail-m_698716634417386607WordSection1"><p class="MsoNormal"><i><span class="gmail_default" style="font-family:arial,helvetica,sans-serif">> </span>Who is doing this “excess saving”? </i></p></div></div></blockquote><div><br></div><div><div class="gmail_default" style=""><font face="arial, helvetica, sans-serif"><font size="4">W</font></font><font size="4">ell, ordinary people among others... 19.1 Trillion dollars is in retirement and pension plans.</font></div></div><div> </div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div lang="EN-US"><div class="gmail-m_698716634417386607WordSection1"><p class="MsoNormal"><span class="gmail_default" style="font-family:arial,helvetica,sans-serif">> <i></i></span><i>Rich people?</i></p></div></div></blockquote><div><br></div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"><font size="4">Yes, $ 35,000,000,000,000 in Hedge funds and other mutual funds.</font></div><div><br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div lang="EN-US"><div class="gmail-m_698716634417386607WordSection1"><p class="MsoNormal"><i><span class="gmail_default" style="font-family:arial,helvetica,sans-serif">> </span>Companies?</i></p></div></div></blockquote><div><br></div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"><font size="4">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.</font></div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"><br></div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"><font size="4"> John K Clark</font></div></div></div>