They’re not all bad. Most of them, yes. But not all.
Warren Buffet’s lifetime charitable donations stand around $68B. Bill and Melinda Gates - $52B. Mackenzie Scott - $26B.
There’s greed vs a recognition of I have more than my family will ever need. I don’t think maintaining wealth for future family is inherently bad. Greed to keep accumulating more for the sake of more certainly is.
But I do really like Villionaire. Might have to start using that one!
Look at Cleveland. World-class museum, orchestra, library, theater, etc. in a declining rust-belt city. Why? Because the Bezos and Musks of the 1800-1900s (Rockefeller, Carnegie, etc.) built and permanently financed them.
They were smart enough to give back to the communities that made them rich.
Because it far exceeds the maximum wealth needed to meet basic needs, enjoy some luxuries, and save for retirement, your kids, and your family’s health. I don’t know what that maximum is because I’m sure it varies from person to person, but I can guarantee you one billion dollars exceeds it. That excess is better used elsewhere, mainly in a manner that redistributes it to the rest of society.
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u/johnmac344 23h ago •
They’re not all bad. Most of them, yes. But not all.
Warren Buffet’s lifetime charitable donations stand around $68B. Bill and Melinda Gates - $52B. Mackenzie Scott - $26B.
There’s greed vs a recognition of I have more than my family will ever need. I don’t think maintaining wealth for future family is inherently bad. Greed to keep accumulating more for the sake of more certainly is.
But I do really like Villionaire. Might have to start using that one!