Euthanasia of the Rentier, Continued

Handy and thought-provoking chart from JPMorgan making the case that quantitative easing has had roughly the same effect on income as raising effective taxes by one-third for the average upper-middle-class family with $300k in savings. The euthanasia of the rentier continues.

Tax

Comments

  1. How many UMC families have 300K in savings?If they have 300K what is ti doing in a savaings account? Where is the 3rd chart where JP Morgan Private Bank shows how much they would have earned the UMC if they were a customer? What are the effective tax rate equivalents if the 300k was in the market since spring 2009?

  2. Where is the chart showing what happened to people 300k in savings without QE?

  3. optimader says:

    How many UMC families have 300K in savings?If they have 300K what is ti doing in a savings account?

    UMC or not I have several times that basically just sitting in savings.. why? the cash burn is less than "investing" it from what i see.,
    I await some good suggestions on where to park it, get back to me on that..

  4. double down says:

    I guess in in this class. I'll just have to save more and spend less to make up for the erosion of my savings.