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>They're not hoarding wealth. They don't have any Scrooge McDuck cash faults. Their money is all invested, i.e. put to work creating things that people want. T
by nvy 2y ago
>They're not hoarding wealth. They don't have any Scrooge McDuck cash faults. Their money is all invested, i.e. put to work creating things that people want.
The Panama Papers showed this to be a myth. The ultra rich are in fact extracting wealth and hoarding it in tax havens.
- WalterBright 2y agoPutting money in a bank is not hoarding it. The bank loans out the money to people who invest/spend it.
- WalterBright 2y agoI.e. banks are not Scrooge McDuck cash vaults, either.