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> Nobody saves money in Scrooge McDuck cash vaults. All the money is invested, all of it. Russian oligarchs invested vast amounts of money into super yahts and
by ClumsyPilot 4y ago
> Nobody saves money in Scrooge McDuck cash vaults. All the money is invested, all of it.
Russian oligarchs invested vast amounts of money into super yahts and luzury London real estate, which sits empty 360 days a year.
Is that productive investment?
- WalterBright 4y agoI bet you own some toys you don't use, too. A yacht and a luxury apartment ain't worth spit in the context of the global economy. Besides, they might be good investments.
- ClumsyPilot 4y agoThe original question was - is the money in corporate warchests being used productively or is it lost to the economy. Noone has demobstrated it is beong used productively. O am illustrating that some investments are terrible for the economy.