"This isn't just bad policy. It's sabotage. It's deliberate. It's unforgivable."

[IbogaProject]

12. Our stable geniuses obviously dont understand income multipliers

It was my biggest lesson in my economics education. Lower income people spend much faster and in ways that multiply through the economy. The wealthy on the other hand can and do spend much slower. The wealthy often also simply shuffle money to another rich person on luxury objects. The difference between a grandma on social security and even a physician is dramatic and then when you get into the top 1% the differences are striking. It becomes physically harder to spend income quickly and completely after the first couple of hundred thousand. I can hear all the excuses why these idiotic economic policies failed to create growth already.