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If the US didn't have their weird death laws with inheritance and 0% loans trickle-down would work. It's very simple. A billionaire can do 3 things with their
by eqth 5y ago
If the US didn't have their weird death laws with inheritance and 0% loans trickle-down would work.
It's very simple. A billionaire can do 3 things with their money:
1)spend it reinserting it into the economy- this 'trickles the money down'.
2)invest it- this funds projects and/or decreases yield ratios (thus making capital cheaper) which in the longer-term reinsterts the money into the economy.
3)burn it - this creates disinflation which increases the value of every other dollar thus reinserting money into the economy.