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You assume rich people spend all their money. They don't. The accumulate, to buy more renting power to accumulate more. It's getting the economy more and more s
by sametmax 7y ago
You assume rich people spend all their money. They don't. The accumulate, to buy more renting power to accumulate more. It's getting the economy more and more static.
- AnthonyMouse 7y agoThere are three things a rich person can do with money. They can spend it, they can invest it in a new business, and they can invest it in an existing business. The third one is the worst for redistributing wealth but it's the one our tax laws give high preference to. That is problematic.