So they all do the Scrooge McDuck thing, and have all of that money in a silo somewhere and use it for a swimming pool, right?
They couldn’t possibly have that invested in stocks and bonds and deposited in banks, all three of which are vehicles for companies to use the money for legitimate business purposes.
They couldn’t possibly employ armies of accountants and executive staff and assistants and household and business staff and groundskeepers and mechanics and carpenters and stonemasons and shipwrights and security staff and all manner of people.
I mean JayZ obviously keeps all of his money in a big stone vault somewhere and he and Beyonce just use it to swim in every now and then.
Oprah…swimmin’ in a big ol’ stone vault in dollar bills, ya’ll.
I think you may be missing a major set of concepts in how wealth is accumulated and what is done with it while it is being accumulated and what is done with it after accumulation.
Seriously…do a little checking into on what Oprah, for example, spends her money on.
Check on what the Waltons spend their money on. Where it is invested, what charities they donate to, etc.
The old Tonight Show host Jay Leno is a multi-millionaire. He spends hundreds of thousands of dollars every year maintaining his hobby, a fleet of different cars.
He employs accountants, mechanics, groundskeepers, executive staff. He has started up multiple small companies and grown them.
The money he invests in stocks and bonds is then used by the companies to grow their staff, improve their methods and workflow, purchase new equipment and expand their operations, and increase wages for employees.
You take his money away, ALL OF THOSE PEOPLE will be scrambling around looking for work.
Oprah employs a vast army of people in many different industries.
Take her money away….ALL OF THOSE PEOPLE will be out of work.