In addition to flooding offshore it mostly goes into rent extraction schemes. That in turn raises the cost of living for everyone else, generally to no benefit.

In addition to flooding offshore it mostly goes into rent extraction schemes. That in turn raises the cost of living for everyone else, generally to no benefit. I've heard it called the "slumlord economy." A small percentage of it does get re-invested in actual production, but productive investments tend to be higher risk than rent extracting "investments." Conservative holders of wealth are not going to dump it into private space programs or <5nm microchips. They're going to buy up vast amounts of housing and collect rent. Edit: In my opinion entrepreneurs and investors in actual productive work should be against "trickle down" economics as it makes it much harder to build substantial new ventures. You can't build new products and services if there are no customers. Productive capitalism (as opposed to a rentier economy) requires a fully capitalized consumer base. Personally if I were a VC I would be in favor of dropping money on the poor and middle class from helicopters, especially if my portfolio had many consumer or small business focused companies in it. "Trickle down" economics primarily benefits the non-productive rich, the rentier class. It even hurts the productive rich. I'm a huge fan of Georgism: https://en.wikipedia.org/wiki/Georgism https://en.wikipedia.org/wiki/Georgism TL;DR: zero income tax, zero sales tax, zero capital gains tax on productive investments, high taxes on the "ownership" of land and other things human beings do not produce. A modern take would also include pollution taxes such as a fossil carbon fuel tax.