3 ms·
Spending capacity of a single person does not scale though. A member of top 1% does not eat 1000 hamburgers in a day because they can afford it. They might spe
by mertd 10y ago
Spending capacity of a single person does not scale though. A member of top 1% does not eat 1000 hamburgers in a day because they can afford it. They might spend $1000 on a single hamburger or several million $ on a car but it is hard to see how that money trickles down rather than stay in the Veblen goods ecosystem.