@codinghorror If you have a million and give a million people $1 each, 100% of it is spent. If you give a thousand people $1000 each, probably most if not all of it is spent. If you give one person all of the money, they’ll most likely spent some of it and either save or invest the rest in shares or some other unproductive hoarding. Even more so if the person already has more money than they could ever spend.
So, even for purely economic reasons, giving to those in need is the way to go.
K
klongeiger@mastodon.social
@klongeiger@mastodon.social
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Remember when people thought “trickle down” economics actually worked?