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by justanotherc
2325 days ago
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> The investments of rich people often never see the consumer economy. That's not true at all. Investments from the rich contribute greatly to the economy -- otherwise they would not be investments. Let's say that I had a billion dollars, and all I did was stick it into a savings account. The bank uses that to fund mortgages, LoCs, provide business loans, etc. Those all have a direct effect on the economy. More likely the rich are investing in a combination of VC, real estate, and the stock market. Those are ALL job creators. Really the only thing you can do with money that DOESN'T contribute to economic growth is bury it in the ground or spend it overseas. |
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