Some prices. It's not like billionaire spending will influence the local carrot prices. They're unlikely to overlap at all with most day-to-day spending for normal people.
Its all connected. Everything you buy comes down to how labor or capital is deployed. No one wants to pick your carrot or deliver it or work in a retail store if they can make more money shining shoes, building yachts, building mansions, etc. for a billionaire.
But the bigger flaw in your logic is that investment is a good things. We want investment in plants, warehouses, technology, pharma. That is what wealthy people do with their excess money is speculate and invest in these new things that will serve everyday people.
If you give that money away the people who recieve it are not going to invest it. They are going to blow it on trivial things and consumption.
[–] viraptor 22 hours ago
[–] crostlybostly 16 hours ago
But the bigger flaw in your logic is that investment is a good things. We want investment in plants, warehouses, technology, pharma. That is what wealthy people do with their excess money is speculate and invest in these new things that will serve everyday people.
If you give that money away the people who recieve it are not going to invest it. They are going to blow it on trivial things and consumption.