Re:How People Get Rich Now
by bumby on Tuesday April 13, 2021 @04:03PM
(#26798375)
>one negative consequence of billionaires is entire otherwise unproductive economic sectors that exist for no reason other than their vanity
This isn't just relegated to billionaires. Depending on how you define "consumption", up to 70% of the U.S. economy is consumer driven. Now I wouldn't call all this "unproductive" but it's probably selectively unfair to claim only the uber-rich are spending money on items they don't need.
This isn't just relegated to billionaires. Depending on how you define "consumption", up to 70% of the U.S. economy is consumer driven. Now I wouldn't call all this "unproductive" but it's probably selectively unfair to claim only the uber-rich are spending money on items they don't need.