Unless you are in the $100,000,000+ range, we aren’t talking about you. I classify as “rich,” but I absolutely hate the fuckers that control billions and use their money to harm everyone else.
When you don’t have any way to use that wealth, you are hoarding it and harming the economy. I’m pretty sure you know that if you actually are going to be controlling that much wealth.
And now you are back to the cartoonish understanding of wealth. Wealth is not held in cash or unused assets, typcially, it is held in assets like stock, bonds and real estate.
![The US is Politically to the Right of [Other] Democracies](https://lemmy.world/pictrs/image/21301eb3-0348-4db4-9f02-82fd35987e02.jpeg){kind=link}
Unless you are in the $100,000,000+ range, we aren’t talking about you. I classify as “rich,” but I absolutely hate the fuckers that control billions and use their money to harm everyone else.
I could bypass that amount by the time reach end of life, what would I have done that is so wrong?
Hoarding. You are hoarding resources that you don’t need that others do. That’s called unmitigated greed.
Do you really think the Scrooge McDuck vault is real?
No, and why are you resorting to fallacy rather than addressing my point?
Because the idea that wealth is being “hoarded” because someone has it is childish like a cartoon.
When you don’t have any way to use that wealth, you are hoarding it and harming the economy. I’m pretty sure you know that if you actually are going to be controlling that much wealth.
And now you are back to the cartoonish understanding of wealth. Wealth is not held in cash or unused assets, typcially, it is held in assets like stock, bonds and real estate.
Real estate hoarding is hoarding resources.
Stocks and bonds are ways to tie up cash as assets, and aren’t producing any economic growth, they just tie more cash up in the asset.
This is why every dollar that is given to a rich person shrinks the economy by up to the entire dollar.