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>Well, the people/businesses who can afford $10K/month are by definition more economically productive: the people must have higher-paying jobs, and the business
by noobermin 8y ago
>Well, the people/businesses who can afford $10K/month are by definition more economically productive: the people must have higher-paying jobs, and the businesses must be more productive economically.
This is one hell of an assumption. Wealthy people hold onto wealth, that's why they're wealthy. That isn't a societal benefit to anyone.
- barry-cotter 8y agoMoney that is not being spent is almost always being invested. If cash is literally being hoarded under a mattress it’s neither being spend nor invested but that means that the value of everyone else’s money goes up by some infinitesimal amount. If Bill Gates turned his entire fortune into cash and then set it on fire the assets that that cash used to represent would not disappear. Bill Gates would just have made all other holders of dollars a bit richer.