• SatansMaggotyCumFart@piefed.socialOP
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    5 days ago

    They spend lots of money in their lifestyles and that money goes into the economy.

    Taytay probably spends more money in a year than you will in your lifetime.

    • JohnnyEnzyme@piefed.social
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      5 days ago

      They spend lots of money in their lifestyles and that money goes into the economy.

      They also tend to be experts at tax-dodging, which takes much more money out of the loop. Panama Papers, anyone?

      Besides which, when they shop luxury items, it’s probably going to other rich people for the most part.

    • gastroglizzy@piefed.social
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      5 days ago

      They hoard much more than they spend. Hoarded wealth harms the economy. Taxation puts hoarded wealth into the hands of people who need it, and thus spend it, resulting in a much larger boost to the economy.