&gt; Did you read the article?<p>Did you read my comment? There are ways around this. Worth noting also, that if poor and middle class folks have a higher and more reliable income, they are more likely to save.<p>&gt; Please explain the mechanism by which this would work.<p>It&#x27;s called supply and demand. Rich people will have less, so demand will drop for things like jewellery and superyachts, and labor will shift from these industries into stuff producing things like shoes.