Structuring the Economy to Give Money to the Rich Is Inflationary

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newinsightfulfun

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Seems backwards. All else held equal, a man with a $20 million income is going to spend less than 1,000 men with $20,000 incomes. The 1,000 men will spend all of their income, while the millionaire will likely squirrel a lot of his money away in the bank. Money sitting in the bank doesn't really cause inflation.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Again, it has the same impact on the economy as if the government were sending checks of this size to top executives.

Oh come on. This is only true if you assume executives are no more valuable to the economy than bums hanging out at a gas station. What a crock of shit. Working a damned job is better for the economy than cashing government checks.