> Think about the 2/3rds of americans above. Why shouldn't they think that?
Because:
> 2/3 of amercians live paycheck-to-paycheck [1].
Their paychecks are drawn from these demand deposit accounts.
This money above $250k is not being stored in an account like Scrooge McDuck just trying to get the highest score. This money is being held in a transitive fashion to pay employees, vendors, and lines of credit. This is what people are not understanding.
Because:
> 2/3 of amercians live paycheck-to-paycheck [1].
Their paychecks are drawn from these demand deposit accounts.
This money above $250k is not being stored in an account like Scrooge McDuck just trying to get the highest score. This money is being held in a transitive fashion to pay employees, vendors, and lines of credit. This is what people are not understanding.