when it is spent vs how it is spent. That graph does not show it, but general shoppers tend to buy similar “carts”
despite pay days, whereas SNAP and those who cash their checks and buy groceries tend to junk out at first then survive on rice and beans later in the month.
I knew a priest who is now deceased, but who worked for many years on an Indian reservation. The government checks would come out on a certain day each month. The residents would go to the store and buy everything imaginable; steaks, bacon, pork chops, potatoes, carrots, canned vegetables, beans, you name it, and put all of it in a big pot and cook it together. Then they would alternately sleep and eat for days until it ran out. Then they would nearly starve the rest of the month. They bought liquor too, of course, which was a terrible problem among them.
Now what was that? The priest had come to the belief over time that it represented a cultural thing. In olden times, it was always feast or famine. The Indians would kill something, but had no means of preserving it. So they would gorge themselves until it was gone. Then there would be famine until they killed something else.
There are undoubtedly cultural things we all live with that heavily influence what we do when it comes to the goods of the earth. In my state, for example, one notices that the very best land is largely owned by Germans. But the population in the countryside is mostly Scots-Irish. Why is that? Without going into a long-winded discussion, I believe it’s cultural. And the Germans are far wealthier taken as a group.
But the wealth cap idea, it seems to me, is an artificial thing. It is based on the assumption that wealth is a zero sum game; that there’s only so much of it and distribution is the main thing to consider. But I don’t think that’s true. I don’t think one man’s wealth causes another man’s poverty necessarily.
But there is definitely one “wealth cap” presently in existence, and that’s death. Nobody is so wealthy that he lives forever, and when he dies, his wealth is distributed to others; usually several others. His fortune never stays intact.