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> why upgrade your car, or go out to eat, or go on a vacation, or all the other non-essential spending that powers our economy? I find 0 of those good. Upgradi
by mkirklions 8y ago
> why upgrade your car, or go out to eat, or go on a vacation, or all the other non-essential spending that powers our economy?
I find 0 of those good. Upgrading your car when you dont need to is wreckless spending. Maybe the Economy changes to become more conservative and less environmentally damaging.
Going out to eat + vacations are unnecessary expenses. And btw, I completely doubt people are going to stop doing those 3.
- jonknee 8y agoConsumer spending is what keeps everyone employed. Even in Silicon Valley because who do you think is buying all the ads? > Upgrading your car when you dont need to is wreckless spending. But that's what creates the used car market, which is much bigger than the new car market. When people stop buying new cars it means tons of layoffs, which means tons of reduced spending by all the previously employed auto workers, which means more businesses lay people off, etc etc.
- s73v3r_ 8y ago"I find 0 of those good." I'm sure you do. But the chef who makes their living cooking food doesn't. The person who makes their living running tours doesn't. And the people employed by both definitely don't.