The TEA Party Was Caused By The Hiss Case, Really?

[Schneibster]

And what should they spend it on?

Anything they want, really. Ideally something that creates a lasting legacy for them and helps the rest of society. But that's not a requirement.

It could be space tech, Polywell, cancer research, an art gallery, scholarships, prizes, or any number of worthwhile things. It could be a ridiculous monument, a collection of supercars, or a giant private paintball arena, too.

The important part is spending as opposed to investment. By that I don't mean consumption, but giving up the expectation of a direct monetary profit following the transaction. Long term trade imbalances are a problem on the individual level just as they are on the country level.

The problem in the first world is attitude, too.

Plenty of investment is fine too, as long as the payoff isn't expected quarterly. That's why if you hold stocks long enough, what you make becomes ordinary income, and you get to split it across however long you held them. Twenty months, the last time I cared.