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This is stuff economists know. Why would rich people know that? How many rich people pay rent or rely on social security? Making profits is not a skill transfer
by seydor 1y ago
This is stuff economists know. Why would rich people know that? How many rich people pay rent or rely on social security? Making profits is not a skill transferrable to the broader economy.
Also, what worked in the past, in different places or different demographics does not mean it will work again today.
- Workaccount2 1y agoThere are a massive number of low income people who are completely "lost in the sauce" of finance and economics. I'm not talking about billionaires vs. everyone else here, I'm talking about the top 30% and how it's chock full of people who "get" the structure, understand the mechanics, and do good for themselves.