Re:20 year study of global wealth demolishes the myth of ‘tr...
by littlestymaar on Wednesday December 08, 2021 @08:56AM
(#29484703)
It's probably not the only cause, but more wealth for the poor people means people more apt to contribute to the society.
Compare one billionaire buying a mega yacht and 10,000 people buying their first car, in both cases you've created say $200M in direct GDP, but in the later case you have 10,000 people more mobile to get a job or consume other goods or services.
Compare one billionaire buying a mega yacht and 10,000 people buying their first car, in both cases you've created say $200M in direct GDP, but in the later case you have 10,000 people more mobile to get a job or consume other goods or services.