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Device hoarding is costing the economy.
(lemmy.world)
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this post was submitted on 28 Nov 2025
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“Costing the economy”
Thankfully wealth horders aka. billionaires pouring money into offshore bank accounts, unaffordable real estate, government bonds, and inflated stocks are all in our benefit. Only us peasants are being selfish.
If those billionaires wanted to increase the GDP they should pay more so more money circulates.
But they are so generous because they are protecting the rainforest in subsuharen Africa or something. Case closed, no need for tax reform, they know better and are better.
Seriously, the belittling nature of some these billionaires borders on perverse, Bezos mentioned something about how he likes to be looked at like a daddy to his employees.