The point is not to be the “rational economist” who doesn’t pick up money off the ground because someone else would have picked it up if it was really there.

this would essentially mean a transfer of wealth from the masses sending remittances to a few HFT traders.

Compared to a frictionless world, this is sub optimal. But as you and the article established, there are frictions that currently result in a tranfer of wealth at a 6% rate of transfer volume which could very well be greater than the future equilibrium you posit.

I think that there are options that could be implemented at scale faster and simpler compared to crypto token exchanges. But any individual current getting hit with high transfer fees could benefit immediately if they know about and learn how to use something like monero.

FYI, I cross posted your question to three Programming.dev communities:

Shell Scripting

Python

Learn Programming

Whidrawal rates are a simplification the same as growth rates. They should not be expected to be constant. Withdrawals tend to be absolute (with some flexibility like not taking a trip or not renovating a kitchen or deck) rather than relative to market gains. Also withdrawals can be made in a way that changes your asset allocation (don’t sell your equities in a downswing, sell your fixed income assets for needed liquidity)

All that said, I’m going to read the article now and see if they hit on any of those points.

PS Dave Ramsey is who idiots think is smart, so I pretty much disregard what he says as he says it.

Your kids might like https://www.codingame.com/start/

Kevin Powell has quality front end material. Jack Herrington has quality general and backend material for JavaScript and Typescript.

@[email protected]

I’d suggest App Academy Open or The Odin Project to get both instruction on the basics and practice projects to work through.

Any YouTube channel is insufficient. You need to practice.

Link to the study https://eprints.lse.ac.uk/107919/

Seems like the original press release (which includes a link to a pdf version of the study) from the LSE was from 2020. https://www.lse.ac.uk/News/Latest-news-from-LSE/2020/L-December/Tax-cuts-for-the-rich

It seems CBS pick this up because the working paper was finalized.

Also existing “instant” transfers are either expensive or backed by some entity providing credit to back the transaction while it clears in the background creating an awkward at best relationship between the parties trying to exchange money and the service facilitating the transfer.

Not asking to be spoon fed. I’m telling you that there are no credible models that substantiate the claim you made previously about the collapse of the current system in a few decades.

A single study from 50 years ago that indicates slowing of growth before 2100 is not a good argument for the collapse of the current system.

I’d like to see those models. I don’t think they’re anything more than the pessimistic guesses that have been made for millennia.

How much do you think the median wage earner makes?

It’s like telling someone to water their crops while they are experiencing a drought.

Bogleheads advice doesn’t apply well to the median wage earner in the US.

A 1pp increase in the ECI increases the contribution of NHS inflation to core PCE inflation by 0.15pp over four years—an effect of 0.04pp per year. As ECI growth has increased by about 3pp from its pre-pandemic level, this means that labor costs have added approximately 0.1pp to current core PCE inflation.

What are the implications here?

The comment about not knowing which way causality runs on the correlation between happiness and wealth is overstated. You don’t find many happy people getting evicted or foreclosed on after they are laid off.