2 ms·
The key insight is that wealth that’s not spent has no effect on anyone else. It’s just a number on paper.
by rayiner 4mo ago
The key insight is that wealth that’s not spent has no effect on anyone else. It’s just a number on paper.
- skt5 4mo agoWealth could be invested (impacts those borrowing), used on consumables (impacts businesses), or hidden under the mattress or equivalent (reduces the supply of money so acts deflationary). I would argue that those 3 are the main downstream effects of having wealth -- and they all impact people at large enough values.
- Eddy_Viscosity2 4mo agoWould political contributions count as taxable spending?