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Economic models indicate that the most wealthy people in the United States do not spend proportional to their means, and those in the lowest income brackets ten
by 6stringmerc 11y ago
Economic models indicate that the most wealthy people in the United States do not spend proportional to their means, and those in the lowest income brackets tend to spend at their means or beyond. Thus, large quantities of capital pooling with a small portion of the population is extremely damaging to the overall health of the US capitalistic system. There's a larger argument to be had that he probably should frivolously spend it all or randomly bequeath large sums of money to poverty stricken individuals or families at random, that is, if he wanted to actually help the economy.
For now, the 'Institute' is simply being vague about wanting to "do good" in the world, which, if you ask any well-meaning college student or pot smoking hippie, would be a pretty basic premise, but equally ineffective without a step-by-step plan. Might be asking too much on that last point, but look at it this way: A guy stands on top of a soapbox and says he's going to change the world for better, and if nobody in the audience scoffs and asks "How" then is it really a bold statement?