Right wing argument: billionaires contribute to the economy by purchasing assets, those assets were produced by companies who hired employees to build them etc etc, so that’s money going into the economy serving families building those assets. billionaires are fantastic to have
Reality: while it’s correct billionaires contribute to the economy by purchasing things, that’s billions of dollars of assets serving the needs of and circulating through ONE PERSON. One billionaire family.
What the working class want: those billions/trillions of dollars to circulate via the hands of hundreds, thousands, MILLIONS of people.
The net effect is the same. But instead of billions of dollars entering the economy serving one persons needs, those billions of dollars went into the economy having served hundreds of thousands of families in the process.
That’s why “billionaire purchasing power stimulates the economy” is NOT an argument.