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Encouraging rich people to fritter away their money on ephemeral objects instead of investing in technologies and equipment which would improve per captica prod
by nickff 11y ago
Encouraging rich people to fritter away their money on ephemeral objects instead of investing in technologies and equipment which would improve per captica productivity would be good?
- salemh 11y agoDo rich people invest in technologies and equipment as a safe haven for their capital?
- nickff 11y agoNo, wealthy people invest their money in all aspects of the economy to both benefit themselves and others, from their own businesses (whose objects vary, but are generally positive in terms of human welfare), to startups (which advance new technologies), to municipal loans (which finance infrastructure), and even many donations which pay for university research.