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"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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Rich people save a lot more of their money that poor people. If you want money to circulate, which every economy does, give it to poor people.

Aella

@Aella_Girl

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@Sneeed

Everyone keeps saying this and I keep saying saving money IS investing, if you're rich

12:06 AM · Dec 28, 2019

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There is some truth to that but it doesn’t compare to people actually spending their disposable income.

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and

Savings in bonds or investing in public companies doesn’t create real value in the real economy. It doesn’t actually grow the pie. Investing in new ventures from the ground up may create value. SpaceX looks like real value to me. But not Uber.

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and

People also seem to be skipping over the fact that generally, to get rich, you have to have created something of value. Whether Bill Gates sits on his hundreds of billions or not isn’t the point, the point is that Microsoft has added far more than that in real value to the world.