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> which means they can buy more expensive houses or pay less for the mortgage on the house they already own, which in turn means they can buy more things from A
by adamhp 6y ago
> which means they can buy more expensive houses or pay less for the mortgage on the house they already own, which in turn means they can buy more things from Amazon, which means Amazon does more business, which means the stock price goes up, and so on.
Do they do this? I was under the impression that they stashed it offshore and sat on it. I'd like to see what "the rich" are actually spending their money on and how it drives any economic levers.