The wealthy hoarding the money makes it more valuable.
Give it to the people and it will lose a lot of value.
This says a lot about economics and how wealthy these people actually are.
The wealthy hoarding the money makes it more valuable.
Give it to the people and it will lose a lot of value.
This says a lot about economics and how wealthy these people actually are.
That misses, if I'm not mistaken, that that wealth is not in available money to use. It's in factories, equipment, structures, land, intellectual property, team cohesion, national reserves, loans to foreign countries.
If wealth were spread around evenly, then the market allowed to operate again, any one person could trade their 'wealth' for spending money and consume food/games/house/etc from it. But if most Americans spent it all as spending money, the country would collapse.
And practical advice: that's (related to) why, if you want to start building wealth for yourself or your children, it's important to put some of your money into 'assets' that are doing something. A new goat for your farm, an improved chainsaw, an educational course, or stocks and shares (which essentially means lending your wealth to someone else to make something with it and they give you back part of the profits). Rather than consuming it all.
Just... Try not to grow it into an empire that exploits the poor and needy for your further benefit.
Americans would squander it all within a few years and the collective wealth of the country would collapse within a decade. Half the country voted for Trump.
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