[quote=FlyerInHi]. . . Concentration at the top 1% is very bad for the economy because those people don’t spend. They park money in real estate. That squeezes the lower classes who have no money left to spend on goods and services.[/quote]If a “1%er” doesn’t need to have their nails done every two weeks or to have the latest ~$800 iphone, then neither does a 20-something who has a $10K year ($833.33 mo) gubment “grant,” no earned income, student debt and who has not and is not actively looking for a job.
