You know we are going to disagree, but maybe we can disagree agreeably. First, I don't understand whose business it is if a wealthy person hoarded their money. My guess is very few do. Many billionaires made it by building a large corporation from nothing, i.e. Gates, Jobs, etc. Their capital is highly still at work in the corporations and not sitting in a bank as someone here has intimated. Also, when they sell the corporations, they often invest that money in other instruments, i.e. stocks, bonds, etc. When they do this, the money helps other corporations and that is good for the economy. So, I think it is over-generalizing here to say what funds are available to the billionaires.
I'm not sure how you could possibly know how the wealthy have impacted my life, but I'll let yo explain it to me.
There are poor due to mental or physical handicaps. If they really cannot help themselves, then they should receive assistance. I believe that assistance should be as follows: Family, private or religious charities, local government, county government, and lastly state government. The closer the aid is the more knowledgeable the people offering the aid are of the recipient's real needs.
There are poor who have made poor decisions or who have lived lives of vices instead of virtues. These people need assistance, but not permanent assistance. They need help to learn how to become self-sufficient. The assistance they get should come from: Family, private or religious charities, local government, county government, and lastly state government. The difference with these people and those with real prohibiting handicaps is that the aid here should come with agreements and actions from the recipients to change their ways. No agreement. No aid. No positive steps toward goals, no aid. This is about responsibility.
I could tell you about my background, but it is a personal experience and I cannot prove what I could tell you. Let me just say that I was not raised in even middle-class luxury. The good news is that through hard work and being driven to succeed, as I have said elsewhere, I have lived the American Dream. If I can make it, others can and should. We need to aim people in the right direction and you do not do that by tossing money from Washington to them. A Senator from California doesn't know what the problem is with a poor person in the Ozarks. Again, we would be much better helping people close to home.