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Originally Posted by Enoch Root
Actually, the opposite is largely true. Additional wealth, in the hands of the poor and the middle class, results in additional spending, or as you described it: more money chasing around goods & services.
Wealth, in the hands of the rich, does not generate spending, it generates investment. We can debate whether this is a net benefit or a net hindrance to the economy, but what it doesn't do is push up the prices of goods and services.
What you may be trying to get at is that more economic activity results in more inflation. This is true, but inflation is well known as the enemy it is, and central banks are very diligent towards keeping it in check.
Yes, if we slowed the economy down, there would be less inflation, but I very much doubt that slowing the economy down would benefit the poor.
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More investment leads to a rise in stock prices which means investors make more money which generally means they spend more money. Investment and spending are interconnected. One leads to the other and vice versa. So while a billionaire may have most of his wealth tied up in non liquid forms, other people are essentially spending money into the economy on his/her behalf. This leads to inflation.
There are better ways of helping the poor than kowtowing to multimillionaires & billionaires.