[gnaritas]

> but there is no evidence for the idea that poor people are less likely to hoard wealth than the rich

You can't seriously believe that? This is the most out of touch "let them eat cake" statement I've seen in a while. Poor people don't have any wealth to hoard; that's what poor means.

> Rich individuals allocate their wealth to longer-term investments

Because they have excess that can be invested after meeting their basic necessities.

> whereas poorer people spend their money on consumption goods

Yea, because they're poor and basic necessities eat up all of their money.