If you have a head on your shoulders, you can preserve a lot of wealth simply by existing in this top 10% without falling prey to overconsumption

90% of America lives without buying a ton of excess crap. You can, too.

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WSJ: "The top 10% of earners in the U.S. now account for 49.7% of all spending, a record in data going back to 1989. Three decades ago, they accounted for about 36%."

It is surging stock and property markets that seem to drive their disproportionate spending.…

Michael Pettis

If you have a head on your shoulders, you can preserve a lot of wealth simply by existing in this top 10% without falling prey to overconsumption

90% of America lives without buying a ton of excess crap. You can, too. 

https://x.com/michaelxpettis/status/1893924998190113019

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

On the flip side, if the top 10% reduces their spending the whole house of cards topples and everyone loses.

I don’t lack discipline, I… uh… am saving America! 😂

I make rockets IRL.
I reserve the right to shamelessly recast for degen reasons. 
Soldier once upon a time.

None of this is going to end well. All of the historical parallels are rotten. Everything is extremely fake. All the growth is a mirage.

Everything is so fake. We should just let it go

Everything is so fake. We should just let it go https://warpcast.com/keccers.eth/0x8b0669f8

How about a compromise. Let’s drop fake shit like reality tv stars and keep culturally important fake shit like Santa and hope for a future.