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The environment suffers more, because the very rich consume a tiny fraction of their wealth, investing the vast majority. When someone else poorer gets a slice
by ovi256 2y ago
The environment suffers more, because the very rich consume a tiny fraction of their wealth, investing the vast majority.
When someone else poorer gets a slice of that wealth, they'll inevitably consume a much higher fraction of it.
- adrianN 2y agoBy investing most of your wealth you loan it to somebody poorer so that they can produce value with it.
- LightHugger 2y agoInvesting with someone poor is a good way to lose your investment. Trickle down economics are not real and investment is not a progressive tax.
- deleted 2y ago[deleted]
- adrianN 2y agoAlmost(?) everybody is poorer than Bezos. Pretty much by definition he invests in people poorer than him. I don't claim that trickle down economics are real; it is my understanding that trickle down economics claims something much much stronger than what I said.
- snapplebobapple 2y agoAs can be seen from the other response to this post, there is a significant portion of people incapable of dividing ideology out of truth (people idiot for brevity) here so telling them the truth is often met with foolishness. I appreciate your effort though.