[LINK] I'm going to throw something out there...
drose at nla.gov.au
Tue Feb 17 13:50:36 EST 2004
The amount of money flowing through the economy and the annual Fed.Gov.
income aren't the same thing....
Of course, not being an economist, I have honestly no idea what the amount
of money flowing through the economy is, if it's GDP or GNP or whatever, but
it's a lot in any case.
Besides, some people live on less than $9,500 a year, so in theory it could
be done, but we wouldn't be importing much and by necessity there'd be a lot
more community markets, bartering, DIY type things going on.
But I'm getting off topic and slightly petty I suspect. Are there rural
towns that survive on those sorts of incomes per capita?
National Library of Australia
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From: Tim Lister [mailto:tal at pacific.net.au]
Sent: Tuesday, 17 February 2004 12:34 PM
To: The Link Institute
Subject: Re: [LINK] I'm going to throw something out there...
At 09:09 AM 17/02/04 +1100, Daniel Rose wrote:
>The amount of money flowing through the economy today is astounding,
>and if you divide it by the 20 mil australians, it works out to a great
>deal more than the average wage, since most is owned by entities not
>people. This is what frustrates many people.
hmmm, let's see ... annual Fed.Gov. income ($190,000,000,000) divided by
Australian population (20,000,000) = $190,000 / 20 = $9,500
nope, doesn't work for me.
of course, you could argue that kids & oldsters are not income producers, so
aggregate their bits into their families ... nah, still not a decent family
oh, well, another beautiful theory slain by an ugly fact.
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