Rich people don't hoard cash. That wouldn't be a smart move, because it would erode in value every year. Instead, they typically move it into Bonds (Debt), or

Rich people don't hoard cash. That wouldn't be a smart move, because it would erode in value every year. Instead, they typically move it into Bonds (Debt), or Stocks, which both fuel the economy because they create liquidity and spur economic growth. Also, most wealthy people are into philanthropy and pay a massive amount of taxes. In fact the top 1% of taxpayers pay roughly 37% of all income taxes.