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Politics : American Presidential Politics and foreign affairs
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To: TimF who wrote (45701)9/8/2010 12:38:31 AM
From: DuckTapeSunroof  Read Replies (2) of 71588
 
Re: "That's what the discussion is about."

Thanks!

Re: "The data does show that the rich put a lower percentage of their total income in to consumer spending than the non-rich"

Yep. It sure does! (As per totally usual....)

Re: "but that data does not imply that the rich will spend less of each new dollar at the margin."

I believe that you are completely INCORRECT in that last point.

In the aggregate, that is *exactly* what the data shows. The 'rich' (in the aggregate) spend less of their marginal income dollar (and save more of it...) then the Middle or Lower Classes do.
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