Money is wasted on the rich...
Most of them only know how to make it...but not how to enjoy it or use it...
The Best example is Buffett... He still lives in the modest house he bought in the 40's...and he gave $30 billion to Gates...because he didn't know what to do with it... Kinda sad really...
People who have a goal or plan in life...usually start DOING IT...as soon as they can afford to...
For the rich...the plan is mostly to just keep making money...with no plan or idea for what...or why or what to do with it...
The Hoarding becomes THE PLAN...
Their families become afflicted...often alcoholic or addicted...or otherwise damaged....
Society and the economy are damaged by their inevitable push to protect their compulsive hoarding and greed from benefiting others...
Yet we call this mindless hoarding "power"...very sad really...
The estate tax needs to be about 70% for estates above $10 million...to save these people from their hoarding and destructive compulsive tendencies...
