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Wounded Bear

(63,315 posts)

9. The economy depends on money IN MOTION...

Reply to applegrove (Original post)

Sat Oct 16, 2021, 04:27 PM

Oct 2021

The real economy depends on people earning and spending money. If much of the money supply is siphoned off to the very wealthy, things stagnate among the middle and lower classes. Retail slowly dies off, local businesses especially start to wither.

And money swirling around on Wall Street doesn't really count, if it doesn't stimulate anything in the Main Street economy.

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Highlight:

Top 1% Holds More Wealth Than Entire Middle Class [View all] applegrove Oct 2021 OP

AND WHY ISN'T THIS THE DEMOCRATS MAIN TALKING POINT??? a kennedy Oct 2021 #1

Biden was all about growing the middle class in yesterday's speech. N/T applegrove Oct 2021 #3

I wonder if Bezos and zuckerberg will sell stock to pay the tax jimfields33 Oct 2021 #5

+++ appalachiablue Oct 2021 #6

Kicking this.... a kennedy Oct 2021 #2

K & R Celerity Oct 2021 #4

In 1970, The Middle Class Held... ProfessorGAC Oct 2021 #7

Thanks for flushing that out. applegrove Oct 2021 #8

The economy depends on money IN MOTION... Wounded Bear Oct 2021 #9

Right, and rich money is so desperate for places to invest the hedge funds are applegrove Oct 2021 #11

It's never called "redistribution of wealth" when wealth is redistributed upward JHB Oct 2021 #10