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They don't consume more goods, they consume goods of much higher value (ex: luxury items and fine cuisine) and services so in the end they will pay much more ta
by AdrianB1 7y ago
They don't consume more goods, they consume goods of much higher value (ex: luxury items and fine cuisine) and services so in the end they will pay much more taxes. What else do you think they spend the money on, if not goods and services?
- rorykoehler 7y agoEquities (stocks), fixed Income (bonds), real estate, commodities, futures and other financial derivatives mainly. Basically they spend their money on investments.
- AdrianB1 7y agoSpend and invest in the same sentence: not good.