They stay rich by investing it into stocks, or even into CDs. Nobody holds cash in large amounts. At very least you put it into bank (and bank invests it).
No. You can hoard resources, and resources would stay without action, without helping anyone. You CAN hoard cash as well. But rich do not do that. Invested money are working in economy.
Do you really think that rich hoard cash? Under mattress?
Do you think they stay rich by spending it?
They stay rich by investing it into stocks, or even into CDs. Nobody holds cash in large amounts. At very least you put it into bank (and bank invests it).
That sounds like a complicated way of saying hoarding.
No. You can hoard resources, and resources would stay without action, without helping anyone. You CAN hoard cash as well. But rich do not do that. Invested money are working in economy.
How does invested money help anyone but other investors?
Nearly all manufacturing and business is created this way. This is what capitalism is. Is the “capital” part of capitalism.
Then it’s weird that it happens that way in countries like Cuba. Or did you not realize they also have manufacturing?