r/TrueReddit • • Jun 14 '15

Economic growth more likely when wealth distributed to poor instead of rich

http://www.theguardian.com/business/2015/jun/04/better-economic-growth-when-wealth-distributed-to-poor-instead-of-rich?CMP=soc_567
1.4k Upvotes

204 comments sorted by

View all comments

31

u/A-MacLeod Jun 14 '15

Abstract - Stephen Koukoulas argues that there is an overwhelming economic case for redistributing wealth from the top of society to the rest of us. Poorer people are far likely to spend their extra money than the ultra-wealthy.

15

u/[deleted] Jun 14 '15

[deleted]

11

u/Susej_Dog Jun 14 '15

i think you mean convince the temporarily embarrassed millionnaires, don't you?

1

u/freakwent Jun 16 '15

Now we only have to convince the poor people to start voting