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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Fiscally Conservative who wrote (1469331)7/15/2024 10:14:15 AM
From: Augustus Gloop2 Recommendations

Recommended By
Fiscally Conservative
longz

  Read Replies (1) | Respond to of 1572910
 
I'm impressed....

and I'm not being a wise ass or condescending



To: Fiscally Conservative who wrote (1469331)7/15/2024 10:22:08 AM
From: Maple MAGA 2 Recommendations

Recommended By
longz
Mick Mørmøny

  Read Replies (1) | Respond to of 1572910
 
"It is the spending of money that grows economies." Yes, and the Chinese economy thanks you very much.



To: Fiscally Conservative who wrote (1469331)7/15/2024 11:28:59 AM
From: Rarebird2 Recommendations

Recommended By
Investor2
longz

  Read Replies (1) | Respond to of 1572910
 
There is a limit to how much money you need to spend to live.in a nice house and enjoy good food. I am assuming here that one need not live in a mansion or buy a super expensive car or boat. The rich keep the economy afloat during recessionary times. They have no need to spend a huge part of their income on basic necessities. The best things in life are free, such as hiking in the mountains and making love to someone you cherish. Close family moments are also priceless. But I get your point. My point is that most rich people live under the radar and live in middle to upper middle income areas without flaunting their wealth.



To: Fiscally Conservative who wrote (1469331)7/15/2024 1:38:23 PM
From: Maple MAGA 2 Recommendations

Recommended By
longz
Mick Mørmøny

  Read Replies (1) | Respond to of 1572910
 
You've missed the point entirely.

Whilst it is true that the poor spend all they get, including from the government, the rich contribute differently.

Aside from consuming a lot more, per capita, the rich use their excess funds to invest. It is these investments that grow the economy and create jobs. And let's not forget the masses of taxes that the rich pay as well.