spin the flywheel of money harder

The great wealth transfer reality check

here’s an interesting writeup from that great bastion of progressive thought, visa. a couple of things to take away from this article.

• there’s not as much trickling down as folks might think there is. it’s going to be siphoned off at various stages in the process
• there’s wealth transfer and propping up taking place right now
• this will keep the economic disparities locked in for the next few generations
• consumer spending bumps are likely to be modest. of particular interest to visa who’s keen to get a couple points of fees on all of those transactions.