QT trickle-on economics update

Jeff Greene
Billionaire Jeff Greene warned ┬ánon-billionaire Americans this week that their “lifestyle expectations are far too high” and “need to be adjusted” toward a “smaller” existence with “less things.”
In a related development, American Express, whose CEO recently received an 11 percent raise in compensation to $24 million a year, announced it hoped to increase profits by cutting the jobs of 4,000 workers, many of whom will have to adjust to a smaller existence with less things.

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