>Rich people don't "throw away" money, they spend it. The money is circulating and enriching others for services rendered
Rich people stock way more money (percentage-wise) out of circulation (like in real estate property, tax havens, jewlery, and so on) than working and middle class people - which spend almost all the money they make. For many rich what they actually spend and re-circulate, is a tiny slither of their income (much less their overall wealth).
Not to mention the externalities destroying the environment and societal value from spending money in certain ways (from flying across the world in your private jet, to throwing money at taking people out of actual productive work to cater to your BS fancies like building you an olympic sized pool and organizing BS parties for your friends, to influencing politics and law with your money outside of the democratic process).
>What they don't do is set it on fire, thereby depriving others of it permanently.
Nothing in that case was "deprived from others permanently". Those KLF guys still bought things they needed, and paid for them - just with other money.
They didn't destoy actual value or stole anything. What they did is basically the same as if they just didn't spend their money (and kept it in a safe or under the matress).
Not to mention they've helped with lowering inflation!
Rich people stock way more money (percentage-wise) out of circulation (like in real estate property, tax havens, jewlery, and so on) than working and middle class people - which spend almost all the money they make. For many rich what they actually spend and re-circulate, is a tiny slither of their income (much less their overall wealth).
Not to mention the externalities destroying the environment and societal value from spending money in certain ways (from flying across the world in your private jet, to throwing money at taking people out of actual productive work to cater to your BS fancies like building you an olympic sized pool and organizing BS parties for your friends, to influencing politics and law with your money outside of the democratic process).
>What they don't do is set it on fire, thereby depriving others of it permanently.
Nothing in that case was "deprived from others permanently". Those KLF guys still bought things they needed, and paid for them - just with other money.
They didn't destoy actual value or stole anything. What they did is basically the same as if they just didn't spend their money (and kept it in a safe or under the matress).
Not to mention they've helped with lowering inflation!