Quote:
Originally Posted by Zaxor
no doubt friend you would have to have the means but if they spent it as fast as they made it they wouldn't be rich now would they  and the money would again go back into the economy where it belongs for the betterment of all. |
Not necessarily.
Expanding one's business usually involves leveraging one's existing assets. The more wealth you've accumulated, the more you can borrow from a bank or lending institution. The more you can borrow, the faster you can expand your business and create jobs.
Simply spending everything one earns isn't necessarily in the best interest of economic growth long term.
"Many of the greatest things man has achieved are not the result of consciously directed thought, and still less the product of a deliberately coordinated effort of many individuals, but of a process in which the individual plays a part which he can never fully understand." - Friedrich Hayek