Exactly. And guess what would happen if 1 million was divided between 100'000 people ? This would mean 10k per person and it's fair to say that at least half would spend (some of) it. Therefore, the velocity has increased.
A person having 200 billion is not spending a big percentage of their wealth nor using it. Yes it's not cash but it doesn't mean it's unusable.
I'm not against the ability to be rich; I'm against the ability to be that rich. The system isn't made to have such wealthy people. My country is one of the rare ones that has wealth tax and you just have to see where the progressive tax rate stops to see what I mean.
This would probably get me sent to an American prison.
>A person having 200 billion is not spending a big percentage of their wealth nor using it
How is it not being used? Walk me step by step where you think this money 'is'. It really seems like you're not understanding here, or maybe i'm just not understanding, so please go slow, explain EXACTLY where you think the money is and why it's not being used like you say.
Pooge|1 month ago
A person having 200 billion is not spending a big percentage of their wealth nor using it. Yes it's not cash but it doesn't mean it's unusable.
I'm not against the ability to be rich; I'm against the ability to be that rich. The system isn't made to have such wealthy people. My country is one of the rare ones that has wealth tax and you just have to see where the progressive tax rate stops to see what I mean.
This would probably get me sent to an American prison.
VirusNewbie|1 month ago
How is it not being used? Walk me step by step where you think this money 'is'. It really seems like you're not understanding here, or maybe i'm just not understanding, so please go slow, explain EXACTLY where you think the money is and why it's not being used like you say.