Re:2020 had some significant silver linings
by dismalpedigree on Sunday December 27, 2020 @08:09AM
(#25550761)
I’m sure the wealthy are spending some, but on the whole people spend significantly less of their money as a percentage of income the more wealthy they are. All their needs are met. They can splash out cash for some things but not that much trickles down.
Or are the recipients of all this wealth already so rich they don't even need another sport car, yacht, villa by the sea or even another forward looking company?
I have to admit I don't understand being so rich I don't know what to do with my money. It feels like even if I had billions, I'd try to be an Elon Musk and use my money to create something. Or maybe even buy and bankroll a NGO, a sport team, artists, whatever. Is this already saturated, are all the opportunities that don't look like a sure scam already taken?
I feel so out of touch with this world, I struggle to even comprehend it.