Yet still the "overly rich" swear by this discredited theory.
6
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The rich, sell where prices are high, buy where they are low, and bank where the interest is good and the tax small. They therefore almost never spend where they earn. Which is why if you can move more money to the poor, it stimulates your economy, because the poor have to spend, and they spend where they live.
Fernapple
Level 9
Aug 12, 2023
5
Good analysis, my friend.
Quelle surprise!
i remember the very first time i heard that phrase and immediately thought WTF is That?!?
AnneWimsey
Level 9
Aug 11, 2023
5
The rich got better accountants and found loopholes.
HippieChick58
Level 9
Aug 11, 2023
2
PAID for loopholes via political contributions from their corporations.
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