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Once-in-a-generation (lemmy.ml)

submitted 3 weeks ago by cm0002@lemmy.world to c/funny@sh.itjust.works

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[–] Bytemeister@lemmy.world 1 points 3 weeks ago* (last edited 3 weeks ago)

For an economy built on consumer spending this means that you get more economic growth by giving those rich people more money to spend, not by lifting up the other 90%.

You've gone and mixed up correlation and causation here.

The top 10% arent spending 50% of the money because they are the glorious saviors of the economy, protecting and nurturing it while us poor people thoughtlessly hoard and save all our wealth. It's actually quite the opposite.