TED talk: It's the middle class consumers, not the rich who create jobs

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TED talk: It's the middle class consumers, not the rich who create jobs

Tiberius Offline

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RE: TED talk: It's the middle class consumers, not the rich who create jobs

May 20, 2012 at 3:03 pm

(May 20, 2012 at 2:46 pm)downbeatplumb Wrote: I think its the poor who keep the economy rolling.

My reasoning is thus.

Middle class and rich people have savings, this is money that is tied down and does not benefit the economy.

100% of poor peoples money goes back into the economy. It is the cirulation that keeps economies healthy not the hoarding.

That would be a valid argument if the middle class and rich didn't ever buy anything. They do.

Heck, I'm technically middle class and most of my money (probably over 90%) goes back into the economy rather than being saved.

Also, "savings" themselves go back into the economy as banks use that money to do investments, which is how a lot of their profit is made.

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Messages In This Thread

TED talk: It's the middle class consumers, not the rich who create jobs - by Ziploc Surprise - May 19, 2012 at 4:19 pm

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by Annik - May 19, 2012 at 4:27 pm

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by Autumnlicious - May 19, 2012 at 5:28 pm

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by kılıç_mehmet - May 19, 2012 at 6:12 pm

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by Ziploc Surprise - May 19, 2012 at 9:00 pm

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by kılıç_mehmet - May 19, 2012 at 11:01 pm

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by Ziploc Surprise - May 20, 2012 at 1:09 am

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by Polaris - May 19, 2012 at 7:26 pm

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by Anomalocaris - May 19, 2012 at 8:55 pm

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by Anomalocaris - May 19, 2012 at 11:13 pm

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by kılıç_mehmet - May 19, 2012 at 11:22 pm

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by kılıç_mehmet - May 20, 2012 at 1:31 am

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by Creed of Heresy - May 20, 2012 at 3:22 am

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by Darth - May 20, 2012 at 10:38 am

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by kılıç_mehmet - May 20, 2012 at 5:01 am

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by Creed of Heresy - May 20, 2012 at 5:22 am

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by Tiberius - May 20, 2012 at 7:56 am

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by Creed of Heresy - May 20, 2012 at 2:28 pm

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by downbeatplumb - May 20, 2012 at 2:46 pm

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by Tiberius - May 20, 2012 at 3:03 pm

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by Creed of Heresy - May 21, 2012 at 5:17 am

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by Ziploc Surprise - May 20, 2012 at 7:40 pm

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by Autumnlicious - May 21, 2012 at 1:09 am

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by Neo-Scholastic - May 21, 2012 at 11:38 am

RE: TED talk: It's the middle class consumers, not the rich who create jobs - by 5thHorseman - May 21, 2012 at 12:15 pm

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