Quote:
Originally Posted by mike1498
1) You spending money at your local card store doesn't change the long term economy. If we are trying to not create an artificial economy where people spend money they didn't earn, then it needs to be invested into something that can give a return in the future. This can be things like machinery, education, equipment etc.
2) You were talking about innovation before. Who do you think invests in innovation? The poor? You want to take the money out of the rich who could be investing in technology that can make use more efficient in the future. Socialism sacrifices the long term for the short term.
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Micro venture capitalism.
If those at the bottom and middle have more financial freedom to spend and invest, it reduces the necessity to rely solely on the rich for investment in innovation.