jheselbraum:aperfectillusion:This is actually a real economic concept called the velocity of money.
jheselbraum:aperfectillusion:This is actually a real economic concept called the velocity of money. Let’s say you get paid $10, you use that $10 to buy lunch from a street vendor, then the street vendor uses that $10 to take a taxi home, then the taxi driver used that $10 to pay his babysitter, next the babysitter uses that $10 to buy groceries, etc. That one $10 bill produced $50 of economic value. This is really good for the economy and why it’s bad to give rich people more and more money because all rich people do is horde it. They don’t stimulate the economy multiple times over with it. The buck stops with the 1%Literally. -- source link