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"How do rich people making more money affect the "average" American" Because we live in a world where some things are effectively finite. So the relative wealt
by petermcneeley 8y ago
"How do rich people making more money affect the "average" American"
Because we live in a world where some things are effectively finite. So the relative wealth of other people does indeed have an affect on what you can afford. This is like an econ 101 idea.
- frockington 8y agoMost of Jeff Bezos (and other rich people) money will be invested. These investments include government bonds, stocks, corporate debt etc. These investments will likely lower costs by providing liquidity to markets and funding for future innovations
- petermcneeley 8y agoThat is effectively the growing pie argument which is great however if the inequality grows faster than the pie you are left with a smaller relative wealth which means you will be at a loss when it comes to any finite resource.