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Only issue in your rationale is that the savers are usually the ones who own the "Capital". I'm not in the circle but my boss social economic strata, his type o
by designium 6y ago
Only issue in your rationale is that the savers are usually the ones who own the "Capital". I'm not in the circle but my boss social economic strata, his type of people are buying Ferraris during Covid. Not sure how can an average household can afford to spend $250K for a car like that now. But there are MANY of those in Canada doing it NOW.
Not trying to insinuate anything here, but I'm giving you some data points to show that it's not just a matter of moving money from spenders to savers, but there are other things involved.
- cheez 6y agoMy point is that those people are protected from economic crisis while the rest are not.
- phone8675309 6y agoAre you surprised that the wealthy, with the power they wield and the money they have, are much more connected to the levers of power and much more adept at working them giving their connections and wealth?
- cheez 6y agoNope