Wmconelly post is about the percentage of spending to income of wealthy and middle class people not really about what they pay in taxes.“The greatest difference by far between rich and poor is not in how they spend, but how they save. For every dollar they spend at the grocery store, the poorest households save 12 cents, while the wealthy sock away $3.07 in pensions and life insurance.””This is one reason that some economists are concerned about rising levels of inequality. The rich save more than the poor, and the more they have, they more they’ll save. Money that’s being saved isn’t being spent, which means less business for everyone from the dry cleaner on the corner to the owner of a five-star hotel. In turn, that means less work for everybody and a lethargic economy.” http://www.washingtonpost.com/blogs/wonkblog/wp/2015/04/14/where-the-poor-and-rich-spend-really-spend-their-money/
Wmconelly post is about the percentage of spending to income of wealthy and middle class people not really about what they pay in taxes.“The greatest difference by far between rich and poor is not in how they spend, but how they save. For every dollar they spend at the grocery store, the poorest households save 12 cents, while the wealthy sock away $3.07 in pensions and life insurance.””This is one reason that some economists are concerned about rising levels of inequality. The rich save more than the poor, and the more they have, they more they’ll save. Money that’s being saved isn’t being spent, which means less business for everyone from the dry cleaner on the corner to the owner of a five-star hotel. In turn, that means less work for everybody and a lethargic economy.” http://www.washingtonpost.com/blogs/wonkblog/wp/2015/04/14/where-the-poor-and-rich-spend-really-spend-their-money/