tag:blogger.com,1999:blog-9214992163505630708.post6127139247381280326..comments2023-10-07T02:44:22.651-07:00Comments on The Titanic sails at dawn: Taxing the topBruce Schmiechenhttp://www.blogger.com/profile/08148812188493608928noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-9214992163505630708.post-37626827171643946882012-10-31T09:46:42.608-07:002012-10-31T09:46:42.608-07:00I'm curious about the cumulative effect that c...I'm curious about the cumulative effect that circulating money has on the overall economy as compared to saving money, or using it to buy stocks or bonds. If the middle class has cash to spend locally, is that a more effective use than the rich having money to invest. I would think it is because is it local, they buy actual goods creating demand and it circulates more quickly. The wealthy buying investments may help fund businesses and government but without demand for goods those businesses can't do business. Overseas investments don't help the American economy and buying gov't bonds funds government projects but those have to be sustainable. Government projects don't make an economy. <br />In the immortal words of Warren Hellman: "Money is like manure, if you hang onto it, it stinks up the place, if you spread it around it makes things grow."stevehttps://www.blogger.com/profile/01080847975003157746noreply@blogger.com