The kind of economic views that get heavily upvoted on Reddit really terrify me, because I view it as an indication of the future as our generations age. They don't even seem like economic views, but rather moral values wearing the clothes of economic opinions.
Do you think rich people sit around and not use their money? I just was talking to a rich person who was laughing that he was short on cash because all of his money was invested right now. It's not like the wealth is sitting stockpiled like gold inside a mountain.
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Often it is though. A lot of wealthy people store trillions of dollars in offshore banks that are doing literally nothing. Or they invest in real estate that are luxury apartments that sit mostly empty except when they decide to take a mini vacation.
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Nothing wrong with investing your money in business. Absolutely go ahead. Nobody gives a shit if you have a million or a hundred million if it's moving through the economy.
End of conversation
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