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by goodJobWalrus
2510 days ago
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There certainly is causality here. If you are patient and invest your money long-term instead of spending it all, you will literally be wealthier than if you spent it all. Of course, there is causality the other way round as well, that is, a basic level of stability and wealth allows you to save. |
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Spending on disposable goods doesn't scale linearly with wealth. That's why consumption taxes are regressive.