Things fall into place when your wealthy reaping the rewards of good schools, nice neighborhoods, opportunities, cushy jobs and the ability to spend baby spend! Dreaming what life would be like with millions in the bank....(Actually, money isn't the most important thing in life but it does help and it helps do good stuff when used for prosocial lofty purposes. Make money, live a good life and do good with it.)
Half of Consumer Spending Driven by The 10% Wealthy Top
The other day I had a conversation on the benefits of capitalist and one was increase in wealth and general well being of society. On average capitalistic societies do better than others. We also discussed some of the risks that include over concentration of wealth, policies that cater to wealthier individuals, and the general difficulties of small business to compete in certain fields that lead to empty downtowns.
One solution would be to ensure small business can start, obtain funding and can support families to continuously generate wealth locally. Responsive to community needs through broadbased grassroot capitalism. Innovation can change markets and lead to competitive advantages when a small business invents something and capitalizes on it to expand industry locally. The entrepreneur could be the new champion in wider wealth creation and the protector of capitalism's long term resilience.
Keep in mind these are philosophical discussions and there are many reasons to agree and disagree.
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