Or, he may buy the house you're living in and raise the rent. Both of these are socially desirable options in the view of conservatives. On the other hand, he may just go to Las Vegas and gamble it away. Easy come, easy go. Unfortunately, this is exactly what too many rich people are doing today.
Investors know that, in workers' hands, the money has to be spent, and usually for necessities.
Not only will the money be spent, it will create investment in producing products that are needed by large numbers of people. The stores that cater to middle and low income workers are the ones that are in trouble, and that likely will go into bankruptcy. That's an omen for the future if there ever was one. No doubt about it, a severe economic downturn is coming. But when it comes, watch out.