With growing wealth inequality fewer people in the USA have most of the wealth than the many. Is that reducing spending?
This is a question about investing. Wealthy people typically invest their money. Investing money can result in spending. My question is this: does it create as much spending as directly buying things? If not, don't we have economic problems because of wealth inequality?
Do poor people spend more money than rich people or do rich people spend plenty of money on more expensive things mostly equaling things out?
Is there any evidence that nations with less income inequality have a better economy than most that don't?
@metal-brain saidIt's always slightly entertaining watching you trying to catch up to the rest of humanity while also not quite making the leap.
With growing wealth inequality fewer people in the USA have most of the wealth than the many. Is that reducing spending?
This is a question about investing. Wealthy people typically invest their money. Investing money can result in spending. My question is this: does it create as much spending as directly buying things? If not, don't we have economic problems because o ...[text shortened]... re any evidence that nations with less income inequality have a better economy than most that don't?
@suzianne saidSo still not debating, just trolling with ad hominem attacks.
It's always slightly entertaining watching you trying to catch up to the rest of humanity while also not quite making the leap.
You must be frustrated that you can't keep up.
You always project your insecurities onto others.
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@metal-brain saidMy question is this: does it create as much spending as directly buying things? If not, don't we have economic problems because of wealth inequality?
With growing wealth inequality fewer people in the USA have most of the wealth than the many. Is that reducing spending?
This is a question about investing. Wealthy people typically invest their money. Investing money can result in spending. My question is this: does it create as much spending as directly buying things? If not, don't we have economic problems because o ...[text shortened]... re any evidence that nations with less income inequality have a better economy than most that don't?
The short answer is "No" investments do not create nearly as much positive economic impact as consumer spending, which represents a major portion of the American economy, and by extension a major portion of jobs, so, yes - we do have an economic problem because of wealth inequality.
America is in a tricky economy now. We're at almost full employment, but facing inflation at levels not seen since the 1970's. The knee jerk reaction is to blame the people in power, but these folks don't control the behavior of private companies, supply chains, nor do they dictate the actions of people like Putin and his little escapades in Ukraine. This is a multifaceted problem with a lot of moving parts. There are no quick fixes - no matter who is in power.
@mchill said" The knee jerk reaction is to blame the people in power, but these folks don't control the behavior of private companies, supply chains, nor do they dictate the actions of people like Putin and his little escapades in Ukraine."
My question is this: does it create as much spending as directly buying things? If not, don't we have economic problems because of wealth inequality?
The short answer is "No" investments do not create nearly as much positive economic impact as consumer spending, which represents a major portion of the American economy, and by extension a major portion of jobs, so, yes - ...[text shortened]... ltifaceted problem with a lot of moving parts. There are no quick fixes - no matter who is in power.
The people in power control the laws made and therefore control almost everything because they create incentives with subsidies and lots of other things too numerous to mention. They don't control supply chains because they are all foreign.
Stop blaming Putin for everything. You are as bad as Biden calling inflation the Putin price hike. As if Russia imposed sanctions on itself. What is wrong with you? Do you always parrot absurdities that make no sense?
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@metal-brain saidStop blaming Putin for everything.
" The knee jerk reaction is to blame the people in power, but these folks don't control the behavior of private companies, supply chains, nor do they dictate the actions of people like Putin and his little escapades in Ukraine."
The people in power control the laws made and therefore control almost everything because they create incentives with subsidies and lots of o ...[text shortened]... ed sanctions on itself. What is wrong with you? Do you always parrot absurdities that make no sense?
If you bothered to read my post, you'd see there was a lot more to it than Putin. I see you're back into "blame Biden and the Lib's" mode again. The same thing happened in 1980 with Ronald Reagan, 2000 with "W", and 2016 with Trump - the economy didn't improve under these people, but it made conservatives feel good about themselves. and I predict it we'll go down this path again.
and the band played on... 😴
@metal-brain saidWhat’s a better economy?
With growing wealth inequality fewer people in the USA have most of the wealth than the many. Is that reducing spending?
This is a question about investing. Wealthy people typically invest their money. Investing money can result in spending. My question is this: does it create as much spending as directly buying things? If not, don't we have economic problems because o ...[text shortened]... re any evidence that nations with less income inequality have a better economy than most that don't?
Nations with lower inequality of income generally have less poverty.
If 90% of wealth is in the hands of 10% of the population, who spends more?
Are the stock markets a good measuring tool to the state of an economy? Or are they just gambling paradises with little to no foothold in reality?
Does all that wealth stored in shares and banks actually exist?
@mchill saidPutin did nothing to drive up the price of oil. Russia did not impose sanction on itself. That was the USA's option. It was a choice and nothing more.
Stop blaming Putin for everything.
If you bothered to read my post, you'd see there was a lot more to it than Putin. I see you're back into "blame Biden and the Lib's" mode again. The same thing happened in 1980 with Ronald Reagan, 2000 with "W", and 2016 with Trump - the economy didn't improve under these people, but it made conservatives feel good about themselves. and I predict it we'll go down this path again.
and the band played on... 😴
When you stub your toe do you blame Putin? Do you call it Putin pain?
😆
@shavixmir saidOf course most people are happier with lower inequality of income. I asked if the economy is generally better. Read what I wrote, not what you think I wrote.
What’s a better economy?
Nations with lower inequality of income generally have less poverty.
If 90% of wealth is in the hands of 10% of the population, who spends more?
Are the stock markets a good measuring tool to the state of an economy? Or are they just gambling paradises with little to no foothold in reality?
Does all that wealth stored in shares and banks actually exist?
@metal-brain saidYou need to read what I wrote.
Of course most people are happier with lower inequality of income. I asked if the economy is generally better. Read what I wrote, not what you think I wrote.
Go on. What’s the first sentence?
And what’s that last sentence?
Ah. See. There you go. I’m asking for definitions and scope.
Oh. Yeah… don’t get on your high horse so fast, you will only fall off and be shat on.
@shavixmir said"What’s a better economy?"
What’s a better economy?
Nations with lower inequality of income generally have less poverty.
If 90% of wealth is in the hands of 10% of the population, who spends more?
Are the stock markets a good measuring tool to the state of an economy? Or are they just gambling paradises with little to no foothold in reality?
Does all that wealth stored in shares and banks actually exist?
GDP
"Does all that wealth stored in shares and banks actually exist?"
Of course it does, unless they lie to you. Wealth is power. People do not have power if wealth does not exist.
@metal-brain saidPoor people spend far more than rich people and money placed in their hands is the best way to stimulate the economy. Money passively channels up towards the rich and this wealth inequality is a major problem.
With growing wealth inequality fewer people in the USA have most of the wealth than the many. Is that reducing spending?
This is a question about investing. Wealthy people typically invest their money. Investing money can result in spending. My question is this: does it create as much spending as directly buying things? If not, don't we have economic problems because o ...[text shortened]... re any evidence that nations with less income inequality have a better economy than most that don't?
"Better economy" is not a well defined term.
@athousandyoung saidCapitalism is stunting growth.
Poor people spend far more than rich people and money placed in their hands is the best way to stimulate the economy. Money passively channels up towards the rich and this wealth inequality is a major problem.
"Better economy" is not a well defined term.
We need higher capital gains taxes and higher minimum wage.
@mchill saidThe thing about an economy as large as the US's is that it is huge, and like a large
My question is this: does it create as much spending as directly buying things? If not, don't we have economic problems because of wealth inequality?
The short answer is "No" investments do not create nearly as much positive economic impact as consumer spending, which represents a major portion of the American economy, and by extension a major portion of jobs, so, yes - ...[text shortened]... ltifaceted problem with a lot of moving parts. There are no quick fixes - no matter who is in power.
ship in the ocean turning is slow going versus a smaller economy and a small boat.
When the Titanic sunk, some lay blame on the captain who was moving through
dangerous waters at a speed where he couldn't react in time to stop the collision
with the iceberg, I believe his experiences in captaining before were with ships
that could have avoided the iceberg.
We have people in charge now that care more about ideology than the economy
they see it all as the same thing, and they are wreaking the economy in the name
of their ideology, and the whole time they think they are doing good. The economy
is turning, and something as large as the US economy, when it starts changing, it is
not going to be easy to make a course correction, large ships, and large economies
don't turn on dimes at speed.
We are seeing it turn now, and the results are bad right now, but the worse is not
even here yet, but before it stops, it will get much worse, and every other economy
tied to this one will be dramatically negatively affected as well. Leadership matters;
don't kid yourself.
@metal-brain saidSuzianne is one of those who qualify as a liberal in my post that Conservatives are happier!!!! That child is NOT happy.
So still not debating, just trolling with ad hominem attacks.
You must be frustrated that you can't keep up.
You always project your insecurities onto others.