>>13363398The 30% is basically as follows:
The total capital stock of the economy is about 60 trillion dollars (numbers might not be up to date and im working from memory). 45 trillions are private sector, 15 trillion the government.
About 65% of the private capital is real estate, most wealth is just buildings. At least half of the rest was concentrated in electrical generation plants and distribution infrastructure, and then vehicles, mostly airplanes and trucks. Finally personal cars and industrial machinery.
The government at all levels owns roads, schools, and also owns the armed forces plus this funny thing called "goodwill" which accountants say is real.
Tally it up and goes to 60 trillion dollars. This is real capital. Im not counting financial wealth or contracts which are not capital, just promises or representations of capital
This physical capital (plus the labor of 150 million workers) generates about 20 trillion dollars in new wealth, roughly 30% or 1/3, this is back of the envelop calculations with 1 digit accuracy.
About 40/45% of this 20 trillion go to the workers, the exact number isnt easy to calculate because not all the money workers get comes from salaries, they get pension, social security, medicare, and they also pay taxes so the real "net income" of the workers isnt that easy to calculate, at least not at a glance by me.
From what remains, about 25% go in taxes (but that also pays salaries, pensions, medicare, etc) and roughly speaking 35% are taken by the business class, something in the order of 6 or 7 trillion dollars.
The business class consumes part of this money and invests the rest. From what i remember, most of this investment is in construction, that makes sense if 65% of existing capital is real estate.
Is it only 1 trillion dollars that get added to the pile from the 6 or 7 in new wealth? Ok. Sounds much lower than what i thought it was
