I believe that somebody else getting richer does not make me worse off, all other things being equal. That is, if prices don't change and my position remains exactly where it is, someone else having a lot of money does not affect me at all.
The author of this book has a different opinion. Im curious what others think - especially if you agree with him, that "...directing surplus consumer dollars to the wealthy harms the middle-class by forcing people to try to rise up the ladder with their own spending."
There's one word in there that turns the entire phrase. Time to play Name That Word. Go!
For extra credit, tell me what happens if this thought is carried to its natural conclusion.
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