Eli5: Isn’t spending money good if it ultimately goes to low and middle income people

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I know a balance is needed. But it’s always stressed how you need to save. Isn’t saving taking away from someone else though? Isn’t spending in many cases giving a working class person a job? If you eat out, buy clothes, get a massage even go to a casino, people are getting paid to do those jobs. If everyone saved then what?

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Anonymous 0 Comments

Why stop there? Make a mess at the restaurant, grocery store, etc, so they have to hire more people to clean it up.

Think carefully about that example and you will understand the fallacy in your claim.

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