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Oh OK, I think I understand where you come from now. I see what you mean, but it is not what I have observed, at least in my country. There has been a steady t
by thrance 2y ago
Oh OK, I think I understand where you come from now.
I see what you mean, but it is not what I have observed, at least in my country. There has been a steady transfer of wealth upward over the last decades. Unemployment has gone up and wages have stagnated.
When a company is liquidated, I doubt enough of its assets are reinvested to make of the event an overall positive for the economy.
- s1artibartfast 2y ago>When a company is liquidated, I doubt enough of its assets are reinvested to make of the event an overall positive for the economy. Where do you think they money goes? it is almost always reinvested. If it wasnt reinvested but spent, it wealth couldnt transfer upward. The rich would lose 5% of of their value of any cash assets to inflation every year. Instead, the money has to be invested in something.