Are the Rich Necessary?
Great Economic Arguments and How They Reflect Our Personal Values
Hunter Lewis 2007
- Found in a little library, partly read, back to little library
- opinion vs. opinion, no experiments, qualitative
- references and index
- p006 buy stocks, them more stocks, then potential buyers disappear and prices plunge?
- no, there will be younger buyers who will buy eventually, if the dividends are worth it.
- "stocks" is not a single uniform product, though there is speculation - as there is for most investments
p010 lawyer Robert Strauss "teach it flat and teach it round" and then let the reader choose.
- p020 "gluttonous rich" can only consume so much, most of a very large income is saved (or donated to a good cause).
- p021 state taxing then saving and investing ... Soviet Union invested in weapons
p021 economic writer Henry Hazlitt
p026 Thomas Sowell "trickle down" erroneous; invest and hire, capital gains (if any) come last
- stopped reading p048