3 ms·
> I have some suspicion that all of this wealth transfer to the elite doesn't help jack since they just let it sit in their accounts, earn dividends, and not re
by warrenm 5y ago
> I have some suspicion that all of this wealth transfer to the elite doesn't help jack since they just let it sit in their accounts, earn dividends, and not really circulate inside the economy
I have some suspicion you don't understand how "the elite" end up getting (and staying) wealthy
They rarely have much in the way of liquidity - almost all of their wealth is on paper in the form of investments in opportunities (stocks, bonds, businesses, real estate, etc)
By investing in those things, they encourage/enable others to do things that bring them wealth, and bring the investors added wealth, too