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> Most do behave like Scrooge McDuck they park the money in real estate, Which, besides providing places for people to live, also generates property taxes ever
by Turing_Machine 7y ago
> Most do behave like Scrooge McDuck they park the money in real estate,
Which, besides providing places for people to live, also generates property taxes every single year. Forever.
> bonds,
Which fund our roads, schools, public utilities, libraries, hospitals...
> stock(s)
Which fund the companies that produce all the essential (and luxury) goods and services we need for a modern lifestyle, and provide the vast majority of jobs.
> and gold.
Very few large investors put their assets in precious metals. The prices are quite volatile, and precious metals don't generate interest, dividends, or rents (like the aforementioned bonds, stocks, and real estate).