Conversation

Aella
@Aella_Girl
"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?
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Nesk Madran
@NeskMadran
Replying to
@Aella_Girl
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.
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Aella
@Aella_Girl
Replying to
@NeskMadran
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.
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Riley Giasson
@rilezgiasson
Replying to
@Aella_Girl
and
@NeskMadran
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.
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