Rich people actually spend a whole lot, but the market is the market and there is only one price for the same item and it is much easier for the rich to buy it or lease it or rent it because its expensive to be poor. So why do people have such ideas?
Last Updated: 28.06.2025 07:30
P.S. what do the Rich have that you don't? Millions or Billions in Stock (they get paid that way) that they can take out loans against and live on that. The money tied up in the Stock Market isn't taxed unless they sell it…thats how the remove wealth from circulating and that doesn't improve the GDP….aka they are hoarding the wealth.
Also, it's not like this everywhere because other places still Regulate Capitalists to keep it from happening there
Rich people do NOT spend as much as the Working Class. Thats why when you put more wealth into Working Class hands, they spend it and it circulates and that circulation is what grows the GDP and lifts everyone up…Bottom up and Middle Out as Joe Biden describes it.
Here maybe this visual aid will help
Do you get how the game is not a 1 : 1 level playing field yet?
Or let this guy explain the scale of the game to you using rice: