Every time you've seen a market like this, it has found a bottom.
We spend way too much, save little.
When politicians give money to poor people, they secretlly know that they will end up with it. People with poorest households spend down their savings the fastest, which increases the savings and incomes of other households. This naturally leads to a longlasting increase in aggregate demand until, ultimately, excess saings have trickled up to the riches saverws, which results in raising wealth inequallity.
The broker one is, the higher his marginal propensity to consume (MPC) is. One person's spending is another person's income. The rich get richer. They only spend say , 10% of their wealth...the poor? About 80%. Be aware if politicians say they are helping folks on the lower end of this spectrum, giving them money and benefits, they are actually helping the rich.
@AverageJoe1 saidThat’s why we tax the rich. They don’t spend their money and it naturally accumulates passively. Why do you favor laws that make this situation worse?
Every time you've seen a market like this, it has found a bottom.
We spend way too much, save little.
When politicians give money to poor people, they secretlly know that they will end up with it. People with poorest households spend down their savings the fastest, which increases the savings and incomes of other households. This naturally leads to a longlasting in ...[text shortened]... the lower end of this spectrum, giving them money and benefits, they are actually helping the rich.
@AThousandYoung saidWhat laws do you refer to? How’s that relate to this subject.
That’s why we tax the rich. They don’t spend their money and it naturally accumulates passively. Why do you favor laws that make this situation worse?
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@AverageJoe1 saidHave you had some kind of Marxian conversion experience?
Every time you've seen a market like this, it has found a bottom.
We spend way too much, save little.
When politicians give money to poor people, they secretlly know that they will end up with it. People with poorest households spend down their savings the fastest, which increases the savings and incomes of other households. This naturally leads to a longlasting in ...[text shortened]... the lower end of this spectrum, giving them money and benefits, they are actually helping the rich.