3 ms·
If the rich folk spend it, it gets in the hands of other people exactly insomuch as the other people are required to make something that the rich people want. T
by FeepingCreature 4y ago
If the rich folk spend it, it gets in the hands of other people exactly insomuch as the other people are required to make something that the rich people want. That is increasingly not a given. And of course, it also burns some portion of those people's economic output on Rich People Interests.
If the rich people "X" it and it gets in the hands of other people without burning those people's economic output on RPIs, then X is called "donating", not "spending". And in that case, we might as well cut out the middleman, cough UBI cough.