Do you live in Russia? One can sympathize with the notion rich oligarchs siphon off of the economy there. But in other parts of the world economy, that narrat

Do you live in Russia? One can sympathize with the notion rich oligarchs siphon off of the economy there. But in other parts of the world economy, that narrative doesn't hold water. https://www.forbes.com/richest-in-tech/#3139c5547316 https://www.forbes.com/richest-in-tech/#3139c5547316 I challenge you to find a profile there where someone isn't growing the economic pie and instead siphoning resources off. These are (almost) entirely people who started businesses that grew, providing new services. Further, this notion that wealth concentration reduces liquidity is 100% contrary to economic fact. What do you think the wealthy do with their money? Park it in a huge mattress or swim in pools of gold like Scrooge McDuck? The money goes into capital investments, which map 100% to spending. Either direct R&D, capital equipment or venture, which are all spending, or in the stock market. For every dollar going into the stock market, one dollar comes out and has to go somewhere. Hint; it doesn't go into a swimming pool. You may not like wealth inequality for personal moral reasons, but don't try to justify them with ill founded economic reasoning.