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parent wrote > The lower 95% spend more money when they have more This isn't saying that the bottom 95% are incurring massive debt or "living beyond means".
by TAForObvReasons 6y ago
parent wrote
> The lower 95% spend more money when they have more
This isn't saying that the bottom 95% are incurring massive debt or "living beyond means". It's just saying that if you give someone in the bottom 95% an extra $100, they'll likely spend some of that money. If you give Bezos or Gates or Buffett $100, it's such an inconsequential sum to them that it wouldn't change their spending