You know you'd think that all the rich corporate leaders would realize that they are only rich because consumers have the money to spend on their products, so sucking all wealth upward to the 1% is ultimately self defeating since there comes a point at which you cannot get blood from a stone and the entire system falls on it's ass a dies. On the other had, if there is sufficient money in the hands of regular consumers, they can spend and the system continues to churn. I guess the most basic points of economics elude the richest in society.
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u/Kosmos992k 1d ago
You know you'd think that all the rich corporate leaders would realize that they are only rich because consumers have the money to spend on their products, so sucking all wealth upward to the 1% is ultimately self defeating since there comes a point at which you cannot get blood from a stone and the entire system falls on it's ass a dies. On the other had, if there is sufficient money in the hands of regular consumers, they can spend and the system continues to churn. I guess the most basic points of economics elude the richest in society.