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I thank you for taking the time to look up the figures and correct my misapprehensions. In the case of local councils there are a huge number of improvements t
by concordDance 7y ago
I thank you for taking the time to look up the figures and correct my misapprehensions.
In the case of local councils there are a huge number of improvements they could do locally. Roads, parks, community centers, etc
Now, I know this isn't really the place for a lecture on economics but I find this model of economics very unintuitive. Surely the inheritors of the estates of these elderly people will also have plenty of demand for many goods and services? I certainly could do with a cook and chauffeur. A trope of dancers wouldn't be ammiss either. If I promised to spend the savings of these deceased people on cooks and dancers, would you be happy with that money falling to me to keep demand constant?