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In fact, reducing the cost of manufactured goods helps the poor more than the rich in some sense, since a marginal reduction in cost of living for them is much
by seizethecheese 10y ago
In fact, reducing the cost of manufactured goods helps the poor more than the rich in some sense, since a marginal reduction in cost of living for them is much more impactful than for a rich person.
- roymurdock 10y agoThink about it from a revenue standpoint. It doesn't matter if your cost of living becomes 50% cheaper if you lose 100% of your income.
- seizethecheese 10y agoIf 10 people's cost of living drop 50%, then one drop of 100% of income would be acceptable.