That is true, people who live on welfare money never save up anything to have more money later. Also people who win the lottery, waste all of it in less than 5 years.

There was an EUR lotter winner, won like 1 billion EUR, spent all of it in 5 years. What a loser....

If he had invested that he could have created 100,000 jobs for his country, and a stable income for himself. But he was a loser even if he won the lottery.

If I had like 1 billion $, I would help all altcoins rise to the stars creating hundreds of thousand if not millions of jobs.

But your statement is not correct, if taxes are high, then the money also goes into the hands of people who dont deserve it. Namely corrupt politicians.