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All the empirical evidence suggests that the rich tend to consume a lower proportion of income than middle and lower-income people.

Jonathan Adair Turner

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Another Empirical Evidence Get Income Million Rich Richer Spend

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All the empirical evidence suggests that the rich tend to consume a lower proportion of income than middle and lower-income people.
JONATHAN ADAIR TURNER

Another Empirical Evidence Get Income Million Rich Richer Spend
In absolute terms, we may have to look at restricting the number of flights people take.
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Rising inequality can create a more highly leveraged economy, and it can then make the economy vulnerable to a crash like 2008.
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If we don’t constrain them, and the fact that credit is primarily created to fund the purchase of urban real estate and land, which is somewhat fixed in supply.
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The richer people, when they get another $100,000, or another million, or 10 million, don’t tend to spend it as much as the poorer people would if they got another $100 or $1,000 or $5,000.
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