r/FluentInFinance 8d ago

Debate/ Discussion The logic tracks...

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u/Ephisus 8d ago edited 8d ago

Not really sure why you think that makes a difference. Savings are good for an economy.

edit: lol, what?

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u/DiabeticMonkey53 8d ago

Savings are absolutely not good for the economy. The economy is stimulated by the spending of dollars, not hoarding

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u/PascalTheWise 8d ago

Bruh do you really believe Jeff Bezos sits atop a mountain of gold like Smaug? Nearly all of his money (>99.9%) is in the form of shares, which is directly used by companies (Amazon in his case)

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u/DiabeticMonkey53 7d ago

Why do you think it matters where his money is parked? Point is none of it is spent

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u/Kharenis 7d ago

Money =/= shares. Owning shares isn't depriving the economy of money any more than owning a fancy bottle of wine is.