this post was submitted on 26 Jul 2023
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Being a billionaire means having the means to help millions of people, and deciding to instead keep all that money for yourself.
Being a billionaire means using it to acquire more money which provides more power which provides more control. Shit floats to the top.
Not necessarily. It may be optimization between what you give now and what you keep for later to make more, with the total effect on others' well-being being the criterion. I mean, theoretically.
If you make a dime and immediately give it away randomly, you are making a worse decision than keeping it by this criterion. If you immediately give it away not randomly, but to somebody you think needs it, still possibly worse because you could try and make much more and then, say, open a pharmaceutical company.
Say, with cattle you'd use some for meat and some to make more cattle to feed more people. You wouldn't just slaughter the whole herd for meat. It's worse.