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#62351
potion#9
Spectator

What is this concept of “hoarding money”? Do you people not know how our economic system works?

 

Lets say I spend $100,000 on a new car. For most, thats a lot of money. Lets think where that money goes, shall we? The dealership gets some of that 100k, employing people who work there so they can feed their kids. Part of it goes to the automaker, who employs thousands of people. People who work for them include accountants, executives, factory workers, etc. – many many people. So in effect, you are “spreading your wealth” to at least dozens, if not thousands of people in exchange for real goods and services. Even if they “sit” on their money and put it in a bank, that bank turns the money around and lends it out to a good amount of impoverished people, so they can get that leg up that they desperately need. For those of you who think people who become rich just sit on their money and it ends there should take an economics class. Forcefully taking money from citizens’ pockets and putting it places they have no control over is one of the most asinine ideas humanity has ever come up with.