But "using wealth" precisely means spending money, doesn't it? That is to say, the opposite of hoarding?
A person having 200 billion is not spending a big percentage of their wealth nor using it. Yes it's not cash but it doesn't mean it's unusable.
I'm not against the ability to be rich; I'm against the ability to be that rich. The system isn't made to have such wealthy people. My country is one of the rare ones that has wealth tax and you just have to see where the progressive tax rate stops to see what I mean.
This would probably get me sent to an American prison.
How is it not being used? Walk me step by step where you think this money 'is'. It really seems like you're not understanding here, or maybe i'm just not understanding, so please go slow, explain EXACTLY where you think the money is and why it's not being used like you say.
I don't know how you imagine that billionaires use their money but I think we have very different ideas.
Do you not know how the fucking STOCK MARKET works? Why are you having this discussion about things waaaay over your head?
The only "money" that is not moving is the company cash they store in a vault somewhere. If Amazon has 40 million dollars in the bank, it is exchanging hand MANY times. It's being loaned out by the bank. This is fucking basic stuff that's embarrassing for people not to know.
Now onto stocks.
Let me explain really really simply: If I start a company and someone invests 10 million in the company, i'm. using that to hire some engineers and buy some servers, etc. The money is exchanging hands. My 'wealth' is now a billion dollars because I only gave up 1% of the company for that ten million. What money am I hoarding? That billion is literally created from nothing, there was no 'billion' before I took that investment. Do you understand something that basic?