> The money went to "the top 1%", whatever. Where do they keep it? That's a complex puzzle but the answer is some combination of all of the following: financia

> The money went to "the top 1%", whatever. Where do they keep it? That's a complex puzzle but the answer is some combination of all of the following: financial assets (this is a big one, stocks and bonds soak up a lot of money), real estate, luxury goods, re-investment, off-shore tax havens, and under a pillow (gold or other commodities that have low utility but high scarcity). > All in all, because the entire "1%" money is circulating in the economy anyway, what does it matter who it actually belongs to? this is the theory behind the now discredited and disproved "trickle down economics" theory. the money doesn't really circulate very well, actually. it is far less liquid in the possession of the wealthy than it is in the possession of the working class. wealth stockpiles in the form of longterm held financial assets sucks a huge amount of money out of the economy.