Only people who have enough money to invest can do so. For the low-earner, it becomes near impossible to save up for investment because the savings either need

Only people who have enough money to invest can do so. For the low-earner, it becomes near impossible to save up for investment because the savings either need to be devalued or put into risky investments. Saving is a perfectly viable choice. If someone wants to save, it is not for you or your cronies to tell them they can't, or that you must shave your cut off their savings each year. It's a myth that people won't spend. People will save the good money and spend bad money. The bad money is still getting spent, but of course, it's constantly losing its value. The difference is the perspective on how money should be spent. Savers are low time preference people. They would rather spend their money on the future, on things that last. High time preference proponents on the other hand, only care about the next quarter, will cut corners to maximize their short term profit, and will spend their profit on cars and other depreciating assets to avoid paying the tax on their profits. They also build products which are intended to fail, so that the consumer has to buy the upgrade in a few years.