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Some politicians and news media often rail against rich people, asserting that they have idle money...

Some politicians and news media often rail against rich people, asserting that they have idle money in the bank. Evaluate that statement. Is the money really idle? DO most rich people hold cash? What role does the banking system and liquidity play in our economy?

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Major politicians have idle money or real cash which doesn't appreciate. They prefer to hoard real cash to avoid scrutiny from tax regulatory and thus aids them in tax evasion as well as non compliance to taxation policy.

Banking system and liquidity plays role of maintenance of money supply and credit availability and ensuri g economic growth, stability in inflation and higher economic prosperity as well as forex reserves.

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