> I don't know which is better though, will the minimum wage worker pay for services that are more beneficial, or will the millionaire invest it in a company th

> I don't know which is better though, will the minimum wage worker pay for services that are more beneficial, or will the millionaire invest it in a company that creates jobs and provides services? One way of measuring this is by looking at the "velocity of money." [1] IIRC a dollar spent at a local, family-owned restaurant travels 7x further than one spent at a mega-chain restaurant before . The restaurant owner might use that dollar to pay their cook, who might use it later that week when he gets a haircut to pay his barber, who might later use it to buy a coffee, etc. Because value is created for both parties with each transaction, this is considered much better for the economy (and especially the local economy) compared a dollar spent at McDonald's, where it might just go into a bank account and stop moving. I don't have the data to back it up (someone here might?), but I'd be tremendously surprised if a dollar put in the hands of a millionaire circulated more than a dollar put in the hands of the minimum wage worker, or if it created more value in the overall economy. [1] https://www.investopedia.com/terms/v/velocity.asp https://www.investopedia.com/terms/v/velocity.asp