• AngryCommieKender@lemmy.world
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    3 months ago

    When you don’t have any way to use that wealth, you are hoarding it and harming the economy. I’m pretty sure you know that if you actually are going to be controlling that much wealth.

    • CableMonster@lemmy.ml
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      3 months ago

      And now you are back to the cartoonish understanding of wealth. Wealth is not held in cash or unused assets, typcially, it is held in assets like stock, bonds and real estate.

      • AngryCommieKender@lemmy.world
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        3 months ago

        Real estate hoarding is hoarding resources.

        Stocks and bonds are ways to tie up cash as assets, and aren’t producing any economic growth, they just tie more cash up in the asset.

        This is why every dollar that is given to a rich person shrinks the economy by up to the entire dollar.

        • CableMonster@lemmy.ml
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          3 months ago

          Real estate is the same as any other asset. And then you said more silly things.

          Sorry man but you dont understand what any of these things are, I am not going to argue with you.