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“It is not prudent to hoard wealth, where moth and rust decay one’s soul, so to speak.”

Not necessarily, in fact probably the opposite. What you call hoarding is people saving and sacrificing to insure they have enough for comfortable retirement without burdening others. And if it also allows them to live some dreams so much the better. To me that’s being wise, ethical and responsible.

What I call hoarding is laying up wealth one does not intend to use. Living off interest to leave the principal to children is not hoarding. Impoverishing oneself to qualify for Medicaid so one can leave the wealth to children is wrong on several levels.

Saving for children, lean times or permanent retirement is wise and prudent, so as not to be a burden to others.

Either governments, heirs, or thieves are going to take the leftover possessions. It is important to learn how to use (spend wisely) the wealth one accumulates (saves wisely).

Where our treasure is, there will our hearts be also.