Are you sure you want to delete this post?
Chet Ruminski Wrote: Tremendous amounts of money aren't being spent. The purpose of money is to be spent.
I'm a bit confused here. The purpose of money is a little more complicated than saying it's just supposed to be spent. I save a lot of my money. I save it in savings accounts, an IRA, a joint savings account that I have with my fiance, and a joint IRA my fiance and I share.
I (and we) save that money so we are able to provide for ourselves at a later date.
Chet Ruminski Wrote: The people at the lower end don't have much money to spend.
This is true and we need to rewrite our tax laws and raise the minimum wage to ensure that every full time worker has a living wage so they can afford food, housing, and other expenses.
Chet Ruminski Wrote:The people at the upper end are ignoring the responsibility to spend. Consider the people at the upper end living at the upper end of a valley and damming the river. Is their a responsibility to let the water flow? They can run the water through a wheel and still benefit while letting the water flow. Just as the people at the upper end of the income gap could let the money flow into jobs producing investments. The upper end would still benefit and so would everybody. (Spending for this post is consumable related)
This is where you lose me again. The people at the upper end are spending plenty of money. They have multi-million dollar homes, eat at the finest restaurants, own as many automobiles as their hearts desire, and can purchase anything they want in an instant. The rich are spending plenty of money; they just aren't spending it in a way you'd like them to.