"trickle down theory" seems obviously correct to me. Like, if a person has lots of money, it's stupid to sit on it - they invest it, found businesses, hire people, buy things - all of which are putting money back into lower tiers of the economy to me. Am I missing something big?
-
-
If you're rich, you will keep big amounts of savings for your kids. If you re poor, you dont have that luxury. The money will directly go to the supermarket down the street, or the barber shop across it.
-
What do you think savings are? I'm saving up money for a future family right now and nearly all of it is actively invested. Saving without investing it means you're losing money to inflation.
- Show replies
New conversation -
-
-
I think that being wealthy has more to do with being frugal. Sure there are incentives for rich people to spend money to make money, but I think the market makes sense with preference falsification rather than without. People spend on needs & what they believe will create wealth.
-
What are your thoughts? I certainly believe if I had a lot of money I would spend it on businesses and job creation but what do I know?
End of conversation
New conversation -
-
-
The poor spend more as a percentage of their income than the wealthy.https://www.frbsf.org/economic-research/publications/economic-letter/2015/june/income-redistribution-policy-economic-stimulus/ …
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Do you know any filthy rich people? I know quite a few. I even have a couple of kids with one. They do not think like this. They are fundamentally hoarders. There is actually some sort of frugalitity association for one-percenters who want to "save a fortune."
#TrueStoryThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.