The Money Pit

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Nobody “keeps” money. Money is worthless unless it is spent, and that’s what billionaires do. They try and spend it all. Often they spend it obscenely, on enormous vacation homes built by working-class laborers, private jets built by union mechanics, or luxury yachts built by tradesmen. What they don’t spend, they put into banks and markets, where it becomes available capital for building more homes and businesses. It is no coincidence that the more billionaires a nation has, the lower the unemployment rate is.

People who think billionaires keep every dime they ever made, and have big rooms full of money where they go to roll around in it, have been watching too many Scrooge Mc-

Duck cartoons.

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