The most affluent consumers account for a bigger share of total US spending, reinforcing the lopsided dynamic of unbothered consumption for the wealthy and more cautious shopping for everyone else.
The most affluent consumers account for a bigger share of total US spending, reinforcing the lopsided dynamic of unbothered consumption for the wealthy and more cautious shopping for everyone else.
This is one of my economic reasons for progessive taxes even with corporations and investments. If its progressive the richer you are the better you have to be to keep making the same amount of profit. Rich people have to be smarter, larger corporations have to be more efficient, investments have to be sensible. All our tax cuts have resulted in idiots at the highest levels. Pro baseball should not be playing t-ball. The farther you go the harder it should get. The first million should be the easiest.
That is altogether too damn sensible to be accepted by anyone.