Good news! The population of India is fast becoming an affluent society in particular in rural areas. Just 50-30 years ago India was still so poverty stricken.
Showing posts with label Wealth of Nations. Show all posts
Showing posts with label Wealth of Nations. Show all posts
Sunday, December 21, 2025
Thursday, July 03, 2025
Die Frührente boomt in Deutschland und Politik sollte Anreize für vorzeitigen Renteneintritt abbauen. Wirklich!
Frührente ein Boomerang? Die Babyboomer haben hart gearbeitet, fleissig gespart, und haben erheblich Vermögen aufgebaut. Warum sollen sie es nicht in vollen Zuegen geniessen bevor es zu spät ist?
Gibt es Anreize für Babyboomer länger zu arbeiten? Was würde einem Babyboomer spass machen oder lang gehegte Wünsche zu erfüllen um noch einmal anzupacken und das Lebensende (immateriell) zu bereichern?
Vielleicht sind Babyboomer auch geneigt einen Teil ihres Vermögens für gute Zwecke zu spenden was auch die Wirtschaft und Arbeitsmarkt stimulieren könnte.
Wie so oft scheint das Institut der deutschen Wirtschaft schrecklich einfallslos zu sein.
"... Politik sollte Anreize für vorzeitigen Renteneintritt abbauen ..."
Tuesday, June 24, 2025
Economies of Pakistan v. India in one chart
In 2011, the inflection point occurred! India surpassed Pakistan! A momentous point in history still affecting the present!
How did this happen? Let me guess it is considerably due to failed leadership in Pakistan.
The chart below shows GDP per capita in constant US dollars from 1960-2023 for these two countries.
"... But the 1970s marked a turning point. The loss of East Pakistan in 1971 reduced output and stability. Under Zulfikar Ali Bhutto, large-scale nationalisation scared away investors and slowed growth to levels closer to India’s. ...
Under Rajiv Gandhi, India began liberalising through modest deregulation, reduced import controls, and partial privatisations. A fiscal crisis in 1991 accelerated reform. India dismantled the ‘Licence Raj,’ removed import restrictions, cut tariffs, liberalised capital markets, and began privatising state monopolies. These reforms drove annual growth rates to 6–7%, putting it on the path to becoming an emerging economic power. ..."
Source: Federal Reserve Bank of St Louis
Credits: A Path to Peace and Prosperity in Pakistan
Friday, June 20, 2025
America Minted 1,000 New Millionaires a Day or 379,000 people total in 2024
Good news! Be prosperous and be generous!
"The chief business of the American people is business" Calvin Coolidge!
"The United States created over 1,000 new millionaires every single day in 2024—379,000 people who crossed the seven-figure threshold, accounting for more than half of all new millionaires created globally.
This wealth explosion, driven by the S&P 500’s 25% gain and Nasdaq’s 30% leap, means that now, “everyday millionaires” with $1 million to $5 million in assets collectively control more wealth than all the world’s billionaires combined.
While just 15 centibillionaires control $2.4 trillion in assets, women are positioned to be the biggest winners in the coming “Great Wealth Transfer” of $83 trillion expected to pass between generations over the next 20 years.
America now hosts nearly 40% of the world’s 60 million millionaires, but the tiny countries of Luxembourg and Switzerland still boast the highest concentrations, where more than one in seven adults is a millionaire."
"... The nation outpaced other countries in wealth growth during 2024, with more than 379,000 people becoming U.S. dollar millionaires for the first time, according to UBS' annual Global Wealth Report, which analyzed individual wealth across 56 markets. ..."
Saturday, October 05, 2024
Chart of the day
Look how far Canada is behind the US!
Canada almost looks like a low income country compared to its neighbor! Even the richer top three provinces are below Mississippi! That is quite an achievement! (Caution: irony)
I bet, this moron of Prime Minister Justin Trudeau has something to do with it!
Tuesday, September 17, 2024
Bhutan’s Bitcoin Holdings Revealed: Kingdom Owns $780M in BTC from Mining
The Wealth of Nations (Adam Smith) redefined! 😊 Barely known small countries with tiny populations are getting into digital currencies!
Buddhists are mining a digital currency?
""Bhutan is the 4th largest government with Bitcoin holdings on our platform, with over $750M in BTC," ... "Unlike most governments, Bhutan’s BTC does not come from law enforcement asset seizures, but from Bitcoin mining operations, which have ramped up dramatically since early 2023." ..."
Is there a mining operation going on in this scenic temple?
Thursday, July 11, 2024
UBS Global Wealth Report 2024: Growth returns to 4.2% offsetting 2022 slump
Recommendable!
Saturday, March 13, 2021
Adam Smith: The man of the system
Here is one of many famous excerpts of Adam Smith's two classic works An Inquiry into the Nature and Causes of the Wealth of Nations (1776) and The Theory of Moral Sentiments (1759):
"The man of system [e.g. elected lifelong career politicians], on the contrary, is apt to be very wise in his own conceit; and is often so enamoured with the supposed beauty of his own ideal plan of government, that he cannot suffer the smallest deviation from any part of it. He goes on to establish it completely and in all its parts, without any regard either to the great interests, or to the strong prejudices which may oppose it. He seems to imagine that he can arrange the different members of a great society with as much ease as the hand arranges the different pieces upon a chessboard."
Adam Smith contrasted the man of the system with spontaneous order and self interest/love!
Here is another take on this famous quote: Adam Smith on social change and “the man of system” (1759)
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