The funny part is it would be more profitable than what’s happening now as the ultra wealthy have convinced a majority of voters to keep wages low, keep taxes low for the wealthy, higher for the non wealthy, turn the US into a purely service and gig economy, and so now the economic system is slowing and grinding to a halt as fewer and fewer people can participate in all sectors, from necessities to leisure spending.
Exactly, if an economy is an engine then money is the oil; if it pools (by a few people hoarding it) then there’s less flowing through to lubricate the engine turnover and it ceases up.
How do I make a profit from that though?
The funny part is it would be more profitable than what’s happening now as the ultra wealthy have convinced a majority of voters to keep wages low, keep taxes low for the wealthy, higher for the non wealthy, turn the US into a purely service and gig economy, and so now the economic system is slowing and grinding to a halt as fewer and fewer people can participate in all sectors, from necessities to leisure spending.
Exactly, if an economy is an engine then money is the oil; if it pools (by a few people hoarding it) then there’s less flowing through to lubricate the engine turnover and it ceases up.
Need to open those reservoirs and help the gears turn
If the oil ceases to flow the engine could certainly seize up
there are enough rich people to keep it going for generations.
but it’s true that wealth inequality generates slower economic growth than wealth equality does.