feotakahari: (Default)
feotakahari ([personal profile] feotakahari) wrote2023-07-10 03:41 am
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People say it’s bad for rich people to hoard their wealth and not buy things, but then they talk about times where rich people make someone else pay for things. This is an important distinction, because it would be good for rich people to acquire fewer things. If less of the economy is devoted to building yachts, that frees up more labor for things that poorer people might use.

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