Talk:980: Money

Explain xkcd: It's 'cause you're dumb.
Revision as of 09:55, 7 March 2014 by (talk)
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"Show me the money" was popularised as a quote from Cuba Gooding Jr.'s character in Jerry McGuire with Tom Cruise. (talk) (please sign your comments with ~~~~)

Since 1950s the work of the production workers got largely automated, so there is a much lower skill requirement. The skilled jobs have largely moved to the post-industrial economy. 02:26, 23 January 2014 (UTC)

The typical annual housing cost looks like a vast underestimation (by approximately a factor of 2 or more). If not just cities but the whole metro areas are included, it looks closer to reality. 02:26, 23 January 2014 (UTC)

The year 2009 was a very pessimistic one for the evaluation of net worth, both stock and housing investments being down. By the year 2014 the stock had rebounded by a factor close to 2, and the housing had grown in price as well (by a lesser factor). A large portion older people's net worth would be kept in bonds which not only didn't lose value but even grew in value in 2009, which would account for the difference in the distribution. 02:26, 23 January 2014 (UTC)

The reason why the US state taxes are declared to be regressive on the chart is that a large part of them comes from taxing the consumption (sales tax, real estate tax, excise taxes on alcohol and tobacco, gasoline and vehicle taxes for road maintenance). The higher-income households invest a larger portion of their income instead of spending it on consumption. The actual state income tax rates are universally progressive. 02:26, 23 January 2014 (UTC)

A bunch of odds & ends: 1. In the J.K.Rowling reference in Millions, I think what's going on is that MC Frontalot claims that given how her career has gone, her net worth -is- the 1 billion dollars on the left, but if she had been a rapper, it -would be- the $82,000 on the right. 2. In the Book Publishing Industry box in Billions (bottom left), there's a figure of Waldo from the Where's Waldo book series. 3. In Billions, the Coca-Cola related box at top center refers to an ad from the late 1960s. The jingle was based on a then-popular song (I forget the artist), and included the lyrics:

   "I'd like to teach the world to sing in perfect harmony,
   "I'd like to buy the world a Coke, and keep it company..."

4. In Billions, under the Coke box, is US State governments' spending. Randall has tried to imitate the states' shapes and relative positions. 5. In Billions, in the Individual Tax Deductions section (top center), one sort of deduction listed is Cafeteria Plans. This has nothing (at least, extremely little) to do with food. A cafeteria plan is a form of benefit offered by some corporations, in which employees can choose from a menu of benefits which ones they want. 09:55, 7 March 2014 (UTC)