I was a guest today on Sam Seder’s show The Majority Report. Talk Radio isn’t the best format for a serious discussion of issues but I think we actually almost kind of sort of have a substantive discussion here of a big question…
What’s better for the economy – the poor and middle class doing lots of consumer spending or the wealthy saving and investing their money?
Have a listen. It’s a topic I’ve been thinking a lot about lately…
Also feel free to comment over on YouTube, since Sam’s fans are beating up on me pretty hard. All part of the game, though…
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{ 2 comments… read them below or add one }
Heres your biggest problem, Sam Gave you some very easy facts and figures to understand and you denied them.
The point he made where the poor spend more of there money in the market and the rich bank it more, which shows that money in the hands of the poor is better for the economy then the rich.
Zealotry is something that should be frowned apon, Not doubled down on.
I turned it off when he talked about you not wanting teachers or roads.