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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (45701)	9/8/2010 12:38:31 AM
From: DuckTapeSunroof	Read Replies (2) \| Respond to 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.