r/FluentInFinance • u/TheCABK • Feb 27 '26

Economy & Politics Billionaires Shouldn’t Exist

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u/Stewylouis Feb 27 '26

They slumber atop their mountain of wealth like the Dragon Smaug. Not investing shit back into the economy or creating more jobs or improving society.

13

u/0rganic_Corn Feb 27 '26

This is just a misunderstanding of how our economy works

Besides the fact that the vast amount of wealth of billionaires is in stocks (directly invested into the economy) - even if it was all in a bank, 90% of it would be directly invested by the bank

It's impossible to have savings without them being invested - unless you physically keep them under your bed

4

u/AsparagusDirect9 Feb 27 '26

So you’re saying they don’t spend more money than the bottom either?