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Unless most tech workers are 50+, they would not be saving the majority of that money, but rather investing it in the stock market. Investment rates and saving

Unless most tech workers are 50+, they would not be saving the majority of that money, but rather investing it in the stock market. Investment rates and savings rates go hand in hand, and taking money from the upper middle class to give to the investor class is not sound economic policy. Savings don't depress investments, on the contrary they reduce capital costs and allow for more investment without inflation. Banks don't actually keep your money on hand, they lend almost all of it out. I don't know Keynes well enough to know if your take on his work is valid, but I do know that parts of his theories were found lacking 50 years ago in the last bout of stagflation.

paganel 4y ago
> Investment rates and savings rates go hand in hand, and taking money from the upper middle class to give to the investor class is not sound economic policy. The upper middle class at most is investing their money in index funds, gone are the days of angel investors who had made their money from Google comps. For the sake of argument, they're putting their money in the 2% investment funds. The "investor class", supposedly, is putting their money in higher-risk but also in higher-reward vehicles/entities, let's say entities that get them a 5% ROI. That 5% > 2% has been the essence of capitalism development ever since the industrial revolution got going, i.e. we haven't gotten to this point by playing it safe and putting our past money in the 2% financial vehicles.