In thinking about economic theory, I recognized one of the key obstacles to growth. The wealthier people become, the lower the percentage of their income and net worth they are likely to spend. This is because the poor and, to a lesser extent, the middle class are forced to spend their money on necessities. Ironically, therefore, the very luxury spending for which the wealthy are so criticized is beneficial to the economy, while their savings put a fundamental limit on economic growth. However, I recognize that any government measures attempting to change this pattern would be extremely inflationary. I appreciate all input on this subject. Thank you very much.

__________________
"I am a Tory Anarchist. I should like every one to go about doing just as he pleased- short of altering any of the things to which I have grown accustomed." (Max Beerbohm)