> If everyone saves, the economy will collapse. Every dollar you save is a dolla... | Hacker News

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ClumsyPilot on March 22, 2024 | parent | context | favorite | on: Why the 2% inflation target? (2023)

> If everyone saves, the economy will collapse. Every dollar you save is a dollar that someone else doesn't earn

Where is the plan to make billionaires spend all their savings? That’s the money I personally didn’t earn!

Or is it saving for them, nothing for me?

Kranar on March 22, 2024 [–]

Billionaires have very little in savings relative to their wealth. Most billionaires have their wealth tied to ownership of a small number of companies, usually ones they founded.

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