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IbogaProject

(5,724 posts)
1. The wealthy hoarding is a major issue
Sat Feb 14, 2026, 10:35 AM
Saturday

They physically cant spend locally at amy kind of rapid pace the way working class people do. When I sudied Economics one big lesson was about the concept of Income Multipliers a measure of how many more times income gets spent over the next 12 months. For the top ~10% is was 0.4 more times, for the bottom 40% it was 11 times. From both ends plus "off shoring" we have reduced our annual National Income Multiplier. We have failed to keep our minimum wage at sustainable levels, we have drastically cut taxes on the rich and our wealthy. We also have social policies that funnel wealth and power to the wealthy. Our military budget is Wealfare for the already Wealthy, and our for profit health care sustains the rich plus subjugates us in multiple ways.

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