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I hate to tell you this, but all money that exists in the money supply is invested in products, services, and jobs - unless it's stuffed in a mattress somewhere
by Jeema101 7y ago
I hate to tell you this, but all money that exists in the money supply is invested in products, services, and jobs - unless it's stuffed in a mattress somewhere.
Wealthy people do 'hoard wealth like a dragon', by definition - otherwise they would not be wealthy.
- pb7 7y agoEveryone that saves for retirement is hoarding wealth like a dragon by this definition which makes the definition useless.
- mrguyorama 7y agoMy minuscule 401k isn't even in the same universe as someone who could move several billion dollars at anything he wants over night.
- pb7 7y agoIt really does not matter how much you have. You are hoarding wealth that you could be giving back to improve conditions for those that aren’t as fortune to be able to save. It doesn’t feel great to listen to people tell you what to do with your money, does it?
- Loughla 7y agoMy $28,000 retirement account does not equal the billions upon billions owned by Bloomberg. That is the difference. It's not a dragon hoard if it's two pieces of gold.
- pb7 7y agoSo you're just upset you don't have more money? $28K is a lot to the vast majority of the world but I bet you don't think so.