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A comment on The Libertarian Case for a Basic Income. Parent comment

Re:The Libertarian Case for a Basic Income by jasonwatkinspdx on Thursday December 05, 2013 @01:51PM (#6856294)
> the wealthy invest disproportionately in economic (and job) growth, while lower income people spend more on consumption goods

This is a very strong claim that's difficult to justify by the data. Consumer demand is the largest driver of economic growth. Demand is what ultimately creates jobs. Capital cannot be applied to investment or growth if there is no demand to generate a return.

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Re:The Libertarian Case for a Basic Income by nickff on Thursday December 05, 2013 @02:01PM (#6856369)
Investment creates demand as much as consumption does, they are just different types of demand. Investment creates demand for capital goods, while consumption creates demand demand for corresponding goods.
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Re:The Libertarian Case for a Basic Income by jasonwatkinspdx on Friday December 06, 2013 @06:19AM (#6860538)
The market for capital goods is dependent upon the ultimate demand for the end goods. The cart most emphatically does not drive the horse, as anyone whose made malinvestment of capital can attribute.
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