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> If the government and central bank were to create a trillion new dollars and give the 100 richest people in the country an extra $10 billion each with that mo
by tomohawk 5y ago
> If the government and central bank were to create a trillion new dollars and give the 100 richest people in the country an extra $10 billion each with that money, what would they spend it on? All of their physical needs and desires are met many times over already.
Rich people are rich because they invest when they can instead of spending. Poor people spend because they think that's what rich people do and they want to feel rich. Expecting rich people to suddenly behave like poor people makes no sense.
These wealthy people would invest the money, likely by buying up other businesses that didn't get the handout.