Question

Why are wealthy people essential in the economy?

Answer 1

Answer:

To pay those of us with less money

Explanation:

Wealthy people hire people with less money than them to do things and when you have a job or do something for them they pay you in return. Imagine a very wealthy person owns a successful business, they can't clean they store, manage stocks(stonks), and do everything else by themselves and that's where the people who need money come in. They pay us to work for them and they still get money back from the business. That's what rich people are for to pay those of us who need money, making them a very essential part of the economy.

Answer 2

If we only had middle class people or people making the same amount of money the economy would crash