All of my well-paying tech jobs have been funded by VC money from rich people and/or IPO money from rich people. Same goes (indirectly and partially) for all the people who have been selling me goods and services over those same years.
> Same goes ... for all the people who have been selling me goods and services over those same years.
No, it doesn't. Unless you only buy services from VC-financed startups?
I buy things using my salary which trickled down from the VCs and shareholders.
That’s such a naïve statement. Those financial vehicles actually do things: provide capital for other businesses. Provide market liquidity so that capital can flow to the areas that are in demand. Grandma saving money under the mattress does a lot less than a “rich” person investing in REITs.
And then where does the money go that was spent on the investment?
Consider that a high ROI means the money is used for something useful. For example, investing into a financial vehicle that loans money to people buying a house.
Let's say the rich person buys a yacht. The yacht construction employs a large number of people. The money goes into the pockets of the people who made the yacht.
> Giving money to the rich does not trickle down to people.
For this to be true, it would follow that if all the rich people were made not-rich, it would have no material effect on the rest of the people. But that isn't how historical examples played out. Getting rid of rich people made everyone else worse off. Every time.