[ExI] Social right to have a living

Rafal Smigrodzki rafal.smigrodzki at gmail.com
Sun Jun 26 17:10:46 UTC 2011

On Tue, May 31, 2011 at 12:52 PM, Kelly Anderson <kellycoinguy at gmail.com> wrote:
> A number of rich people just sit on their money and go on cruises.
> This is irresponsible IMHO. But I think this is a relatively small
> number of people. Just because some people are irresponsible with
> their freedom doesn't mean that the responsible should lose their
> freedom.

### Actually, these are some of the most useful rich people. Cruises
don't take many resources, and money in the bank means lowered
interest rates. This is a benefit to all members of the society, by
making entrepreneurship *and* consumption easier.

Simply put, it's all about things. If a rich man doesn't exercise his
option to use up things (inherent in being rich), there are more
things left for the rest of us. You can find good analyses of this
issue on the Freakonomics blog.


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