Why Jeff Bezos Spending $500M on a Yacht Actually Helps Poor People

Jeff Bezos drops $500 million on a yacht and everyone loses their minds about wealth inequality. But what if that ridiculous purchase actually creates more jobs and economic activity than hoarding cash in a bank account? Emma Reid breaks down the surprising economics of how the ultra-wealthy spend money and why the math on wealth inequality isn't what most people think. 🎯 What You'll Learn: • Why wealthy people spending money on luxury goods creates more economic activity than saving it • The real numbers behind who pays what percentage of federal taxes (spoiler: it's not what Twitter tells you) • How the marginal propensity to consum...