They hire people and create some jobs Dogs Make Me Happy Humans Make My Head Hurt Shirt but not enough to have a discernible impact in an economy the size of the U.S. Multiply that times 10 and that’s the billionaire’s entry cost. There’s no way to consistently spend million per month, so the wealth multiplies exponentially. That money has to come from somewhere since it is invested. So the companies are paying their shareholders more and more money. In pure capitalism, this is considered fine at one level. But thinking just past quarters to where will the companies be after the amount of time. If they are paying million/month they should be concerned.
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This money is not being used to profit the companies or Dogs Make Me Happy Humans Make My Head Hurt Shirt keep on the lights. Basically, at some point in the low millions, there’s a break over the point where you become a money vacuum and are more of a hindrance than a boon to society as a whole. I, too, think that the amount of poor people is a problem. Easy answer: make them not poor any more by giving them money, which is the thing they lack that makes them poor. Isn’t it obvious? The ones with more money than they could ever spend in several lifetimes. The ones who have been stealing from us for generations.
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