ThomasSittler comments on Cash transfers are not necessarily wealth transfers - Effective Altruism Forum

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Comment author: [deleted] 02 December 2017 11:35:11PM *  0 points [-]

I have no disagreement with that :)

Still, I don't actually see that much evidence that recipients spend the money on positional goods to a significant extent. To simplify, they seem to mostly buy food and productive assets.