• Dagwood222@lemm.ee
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    6 months ago

    Give a million poor people $100.00 each and it goes straight into the general economy. People are buying shoes, food, pizza.

    Give one billionaire $100 million and they’ll buy a van Gogh and hide it from the rest of the world.

  • unmagical
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    6 months ago

    Everyone benefits from a higher minimum wage. When people make enough to spend they actually spend it. That is what actually keeps an economy healthy and more people that make above minimum wage employed.

    • Rookwood@lemmy.world
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      6 months ago

      Right. The way you know modern economics is for the most part a sham is its complete silence on allowing dragon’s to hoard mountains of wealth and the damage this does to an economy.