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If she wants to make good use of the money, why wait? The longer they're hoarding it, the longer it stays away from people who need it.
by xchaotic 7y ago
If she wants to make good use of the money, why wait?
The longer they're hoarding it, the longer it stays away from people who need it.
- username90 7y agoShe is saving it for her kids.
- ChristianBundy 7y agoAn alternative perspective: https://meltingasphalt.com/wealth-the-toxic-byproduct/ https://meltingasphalt.com/wealth-the-toxic-byproduct/
- nsb1 7y agoDamn - I'd better stop hoarding money in my 401K too!
- roenxi 7y ago'Hoarding' money doesn't consume any real resources and therefore one person saving can't really deny anyone anything that exists in the physical world. There are some complex questions of whether it causes more or less resources to be allocated to the poor. It isn't a simple as branding someone a hoarder. Indeed, a complex experiment has been running since the monetary systems moved off the gold standard that suggest the less people save, the more unequal society becomes to the benefit of the wealthy. There is a reasonable argument that when the middle class 'hoards' money it increases the access of the poor to things they need.
- barrkel 7y agoNot spending it means not competing with other people for current consumption, which means lower prices for everyone else. If the money is parked in property or some other rivalrous asset, then you're more correct. But not for money.