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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (719071)6/2/2013 7:49:32 PM
From: i-node  Read Replies (1) of 1580042
 
>> Given our economy is roughly 70% consumer spending, that is what drives our economic activity. When the only income groups who participate in the economic growth are in the top brackets, you have a problem. Because they have enough excess funds to invest much of their income. The lower brackets tend to spend the majority of their income, so they are what drives our economy.

Okay. Let's consider a real-life example.

Let's assume that Gates, wealthy slime that he is, had chosen -- instead of pursing the development of Windows in 1986, he had decided this wealth business was no good for him and he had given that first billion to poor people instead, and Windows had never been developed.

Tell me how this would have "improved" economic growth in the succeeding years (and for that matter, about how the poor world-wide would have been better off).
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