Finance & Fury Podcast

Is there any proof that having more millionaires per person is better for the poor?

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Sinopsis

Welcome to Finance and Fury, The Say What Wednesday edition. Where every week we answer your questions. Question from Anton - In your recent podcast you mention countries that have more millionaires and billionaires have more gdp and a higher quality of life. I am interested if you have research that shows the relationship of quality of life for the lower quartile of the population (by net total worth) against the number of millionaires in a Country.   Today: Research on quality of life More millionaires per capita helps For the lower quartile also   St Vinnies CEO Sleepout on the 20th of June – Donation Link   Recap of what I said in that ep   “countries with the highest number of millionaires/billionaires per capita, have higher levels of GDP per capital and higher quality of life scores, even for the poor“   Per capita is important – shows output Concentration of millionaires per capita There really isn’t a lot published about quality of life and number of wealthy people Little research showing benefits