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by ovi256 594 days ago
The environment suffers more, because the very rich consume a tiny fraction of their wealth, investing the vast majority.

When someone else poorer gets a slice of that wealth, they'll inevitably consume a much higher fraction of it.

1 comments

By investing most of your wealth you loan it to somebody poorer so that they can produce value with it.
As can be seen from the other response to this post, there is a significant portion of people incapable of dividing ideology out of truth (people idiot for brevity) here so telling them the truth is often met with foolishness. I appreciate your effort though.
Investing with someone poor is a good way to lose your investment. Trickle down economics are not real and investment is not a progressive tax.
Almost(?) everybody is poorer than Bezos. Pretty much by definition he invests in people poorer than him. I don't claim that trickle down economics are real; it is my understanding that trickle down economics claims something much much stronger than what I said.