Yes, the rich invest their money. But if we accept the guess that the economy is becoming less labor intensive and more global, their investment does do less to

Yes, the rich invest their money. But if we accept the guess that the economy is becoming less labor intensive and more global, their investment does do less to create american jobs, because it makes more sense to invest in such places. Also, even for the same investment: financing a construction of a house, a 100K dollar paid by someone to buy a house, gives more social value than rich guy saving 100K that are being lent as a mortgage. And of course there's the problem of concentration of power via money , vs distributed power.