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In reply to the discussion: Here's my alternative view on giga Billionaire outrageous spending sprees [View all]MadHound
(34,179 posts)I have no problem with the rich spending their money in any way they please. What I do have a problem with is the myth that the rich, because they spend their money, are somehow job creators, when in reality it is the rest of us who do the most in the way of job creation.
Furthermore, I resent that this myth of "job creators" is being used to justify the vast and growing gulf in income and wealth between the rich and the rest of us.
Do you understand my position now? Did I spell it out clearly enough for you or are you going to continue to insert your own words and thoughts into my mouth?
Oh, and for your own information and edification, the rich do hoard most of their wealth. Sure, the few percentage points that they spend makes for a lot of money, but ordinary people like you and me actually spend between eighty and ninety percent of our income, while the wealthy normally reverse those numbers, spending only ten to twenty percent of their income.
Please, never, ever stick words in my mouth in order to justify your own position or perceived outrage.