People would always need money whether it's 1 Million dollars or 1 Trillion dollars. There are two types of people in this world.
- Who have great ideas but no money to begin with.
- Who have ginormous amount of money and no ideas to invest. Besically they inherited their fortune,
Now, if this 1 million dollar is given to the first category, then I am sure he would put it to good use or even make more with with it.
If the same money would be given to the second category, he would do nothing with it, It would be another bunch of cash in his already exsited treasure.
Most of the people dont know how to invest their money. They just keep their money in their account. Certainly, no one wants to do some charity. So, if some money say 1 million dollar has been given to someone, then he would always try to use it for comfort and investment, no one would like to donate it for charity, even a small part of it.
Very nicely put. Thank you, I couldn't have said it better. Following you✌
I remembered a very good analogy:
"Money are like fertilizer; spread it around and everything grows, put it all in a single place, and everything in that place dies"