this post was submitted on 12 Aug 2024
924 points (97.7% liked)
Degrowth
758 readers
1 users here now
Discussions about degrowth and all sorts of related topics. This includes UBI, economic democracy, the economics of green technologies, enviromental legislation and many more intressting economic topics.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It also assumes that rich people will invest all of their money into new businesses and create jobs and thus let the money flow into the economy. But most rich people just invest most of their wealth in real estate and in the stock market, that money will never flow into the real economy.