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PoindexterOglethorpe

(25,809 posts)
1. Or they spend it on things that don't create jobs.
Wed May 24, 2017, 11:40 PM
May 2017

A new home. Even if they build a new one, those relatively few jobs don't last very long. Or they buy a personal jet. There are only so many people employed as crew.

Or they buy nice jewelry, or eat out more often at expensive restaurants. Again, few if any new jobs are created.

Whereas poor and lower middle class people are immediately spending their money on basics like food, gas for the car, clothes, and so on. Things that actually stimulate the economy.

Heck, I have a cleaning service clean my house every other week, and aside from the fact that I'm a crappy housekeeper, now my home sparkles and I help keep a couple of people employed.

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