My theory is that there’s not enough money at the lower levels - where it gives the most benefit to the most people.
If someone gave you a few thousand, chances are it would be used sometime soon - a repair, a vacation, a rainy day fund. If that stays at the lower / middle class levels, chances are it gets recirculated soon from there as well.
Otherwise it sits in a rich person’s bank account, and is used by the bank to do real estate investment - which leads to newer buildings and higher commercial / residential rents.
Yes, the rich and corporations generally do things with their money - it’s not just sitting in a pool like scrooge mcduck. Unfortunately, what they do with the money tends to have the effect of suppressing the lower classes
My theory is that there’s not enough money at the lower levels - where it gives the most benefit to the most people.
If someone gave you a few thousand, chances are it would be used sometime soon - a repair, a vacation, a rainy day fund. If that stays at the lower / middle class levels, chances are it gets recirculated soon from there as well.
Otherwise it sits in a rich person’s bank account, and is used by the bank to do real estate investment - which leads to newer buildings and higher commercial / residential rents.
Yes, the rich and corporations generally do things with their money - it’s not just sitting in a pool like scrooge mcduck. Unfortunately, what they do with the money tends to have the effect of suppressing the lower classes