https://www.isegoria.net/2019/10/most-wealth-isnt-devoted-to-extravagant-consumption/ From the ancient Greek for equality in freedom of speech; an eclectic mix of thoughts, large and small Thu, 09 Jul 2026 00:48:01 +0000 hourly 1 http://wordpress.org/?v=3.6.1 https://www.isegoria.net/2019/10/most-wealth-isnt-devoted-to-extravagant-consumption/comment-page-1/#comment-2995786 Harry Jones Mon, 28 Oct 2019 19:42:47 +0000 https://www.isegoria.net/?p=45702#comment-2995786 However badly the wealthy may handle their money, I find it hard to imagine the government doing a better job.

]]> https://www.isegoria.net/2019/10/most-wealth-isnt-devoted-to-extravagant-consumption/comment-page-1/#comment-2995752 Ezra Mon, 28 Oct 2019 18:20:54 +0000 https://www.isegoria.net/?p=45702#comment-2995752 H. L. Hunt was interviewed sometime in the 1960′s. At the time he as suspected of being the second richest man in the world. He said that if you make about $200K per year [1960's dollars] you live about as well as I do. That amount of $200K about one to two million today.

]]> https://www.isegoria.net/2019/10/most-wealth-isnt-devoted-to-extravagant-consumption/comment-page-1/#comment-2995627 Wilson Mon, 28 Oct 2019 14:00:55 +0000 https://www.isegoria.net/?p=45702#comment-2995627 Invested in companies that buy their own stock, build monopolies, and offshore jobs. Research, development, training, not so much. Extravagant consumption would be better than hoarding. Maybe if the government stopped devaluing wages by printing money people wouldn’t need to search for where the money goes because they’d still have enough of it

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