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Consumption inequality is also an important thing to consider. There's no way Bezos consumes (spends) $180B during his life. As long as he's not spending the w
by RivieraKid 3y ago
Consumption inequality is also an important thing to consider.
There's no way Bezos consumes (spends) $180B during his life. As long as he's not spending the wealth, wealth inequality is not a huge problem. He said he plans to give most of his wealth to charity but didn't specify any numbers.
Another thought - if he gives all the money to the bottom 60% and they start spending, the net effect would be that economic output would stay roughly constant but consumption would be redirected from the top 40% to the bottom 60%.