Mr Tam is spot on differentiating the probable effect of income gap and wealth gap on the stability of society. However, could that research be distorted by the helicopter money? 至於所謂東升西降，泛指大經濟周期，應指數十年甚至百年的，當然不是絕對直線關係。正如每年天氣和整體氣候變化的分別。Thanks Eddie for bringing a reality check to the discussion, and uplifting the overall quality. Our audience / people need candid intellectual discussions and sharing.
spot on my a$$. eddie tam is delusional. income inequality is the highest it's ever been in the US. on top of that, don't you know the biden administration is changing definitions left and right to manipulate the economic indicators? lmao
Trump is corrupt, divisive, untrue and upsetting normal governance ! He has been a huge liar, every day, at court , in the White House and on businesses ! He is sued by States and Federal courts for 91 indictments ! He asks the Supreme Court to give him absolute immunity for overturning the results of Presidential Elections and for inciting insurrection to The Capitol on 1/6/2021 ! He is the leader of a cult hijacked the Republican Party! He cares only for himself and his family, 😢not for the country!
When top 10% Americans owns 70% of all wealth, and bottom 50% owns less than 3%, an 8% income rise among the bottom 10% is practically meaningless, especially in the context of hyperinflation. Mr. Tam’s view of US debt is also delusional; the interest payment to service its 33 trillion (and counting at a rate of one trillion per year) debt will eventually eat into the government budget, with services for the poorest likely suffering the most. Finally, comparing the wealth gap between China’s top and bottom 20% is irrelevant, since rural income per capita has an extreme low base to begin with.
I think Mr. Tam has come to the conclusion too soon concerning the MIT report. However, it is worth studying and analysing the reason and outcome over the medium and long term.
Hyperinflation affects the poor more than the rich. Income rise for the poorest would merely offset the rising cost of living rather than generating any wealth accumulation for the future.
i think even a wide wealth/ income gap is not a problem at all. all efforts should be focused on solving the problem that the poor cannot afford to have acceptable standard of living. i don"t care how wide the wealth gap is, as long as everyone has food and a place to live.
Sze is a real estate agent living on commission. He has no acadamic qualification to have say on economic and finance. Conduct a background check on his education.
Both panelists are economically savvy and knowledgeable; each has raised valid economic points vis-à-vis our contemporary superpowers. Nevertheless, Tam is a little too fervent to show off his financial expertness to end up defeating somehow his own purpose.
The fact he said AI will help production level of blue collars instead of replacing them makes me wanna laugh. That professor is probably under Microsoft’s payroll.
I was to make the location xact same point. AI does not improve the productivity of the labour, it replaces them so companies can deliver more for less. This Mr Tam is loud but he doesn't seem to understand mainland China and their decision making rationale very well.
