Quote:
|
Originally Posted by SuchFriendsAreDangerous
No because the wealthy don't spend their money on groceries, consumer goods, and bills, they spend it on investments and savings and long term profits, hence why trickle-down doesn't work in the short or long term.
|
1.) The few wealthy people I know can be accused of buying too much, not too little. Also the wealthy need to eat, pay bills, etc. And like most people, they get a strange thrill buying shit they don't need at the mall. In my very limited experience, the affluent love to spend.
2.) Investments and savings, at lest theoretically, seems to be good for all. Investments in businesses allow the businesses to expand, hire more workers, etc.
Savings in, say, banks, allows for more capital. Person A saves money in bank; person B walks in and asks for a loan to start a small business. The bank has the money thanks to person A.
This is all theoretical. Why doesn't it work?