Chapter 11 Post and Reply

You made a claim that "if no one is spending, no one is earning either". I can see how according to the Keynesian view one would come to that assumption. But, this claim ignores the whole world of passive income. Like people who own gold, real estate, and are invested in stock. When people invest their savings this is ultimately the most beneficial for the economy because in this way people will gain the most wealth over time without having to spend. The paradox of thrift also ignores the fact that people spend and save money based on their own self interests. It is not selfish to save, it is self interested. Why should people be heavily persuaded and required to spend just for someone else's income to increase and they themselves be worse off?