It's important to understand what disposable income is.

But housing is about 43 of disposable income.

And then everything left over is, essentially, disposable income.

Disposable income is what counts for the level of personal consumption.

I'm making some simplifications there, but everything left over is disposable income.

So a good place to start is just to think about disposable income.

The disposable income is essentially the amount that ends up in the hands of people.

For example, the government says that the typical household spends 15.7 of their disposable income on

And the idea is, what is in the hands of households after paying their taxes disposable income.

So the interesting thing is where this disposable income has been going over the last many, many years.

So this right here, this chart, is a plot of the percentage of disposable income saved since 1960.

There were a group of people who were probably already always saving at 10 of their disposable income.

Well, then, all of a sudden, they have more disposable income naybe to spend on something like e books.

How about using disposable droppers?

We don't have disposable resources.

We don't have disposable species.

We talked on disposable cell phones.

Income tax, on the other hand, pretends as if income were the real fruit of my labor because my income is what I bring back home.

And we don't have disposable people, either.

Whenever possible, refuse single use and disposable plastics.

quick decisions are made on who is disposable.

And above all They have to be disposable.

I think this is the real argument behind the rejection of a basic income.

So low income here, high income there.

That check that you get after your taxes and everything else that is taken out of your paycheck, that money, that is disposable income to you.

Five right before the blackout to another disposable cell.

But we'll actually look at real income statements in the not too far off future.

Investment income.

And it's the idea that we don't have disposable anything.

With a basic income, income becomes a civil right.

The basic income is a different type of income.

Non operating income.

The Basic Income

Income went down.

Second, his income.

It plots income, average income in China as a percentage of average income in the United States.

The basic income extends into the existing income, while the level of total income does not change.

An income tax is levied on any income that exceeds deductions.

Don't anticipate your income.

That was all income.

And for the income.

look at income distribution.

These were stated income.

All income is earned.

So interest income 900,000.