This always gets downvotes, so I’ll tell this Indian proverb again. Short version:
Rich guy feels for the beggars. Decides to travel the country and give every one he sees a Rupee. After 20-years of this philanthropy, he is now a beggar himself.
Sound noble? The rich man didn’t improve anyone’s life, only wasted his fortune.
When you acquire that sort of money, by hook or by crook, the only sane way to disburse it is through trusts, scholarships, endowments. Drop a million in the stock market, now you have a never-ending scholarship to give away. Rinse and repeat. The robber barons of old did this and built great things. Apparently they’re too selfish now days. 🤷🏻♂️
Also consider, when you’re filthy rich, you have criminals and other scum banging on your door nonstop. You literally have to hire someone to filter the noise. Bezo’s ex seems to have the idea. She seems to be doing solid charity work.
Lemmy: “Fuck her! She should splat it out all at once!”
Return to the proverb in the second paragraph.
And yes, taxation would solve most of these issues. But isn’t politics all about arguing who gets what money for what purposes? We’ve had rich people since the dawn of time, don’t see them magically going away. At least there’s a sane avenue for them doing good works. Dropping it all at once is a childish notion of how charitable wealth works.
Even if he saw literally everyone in India, that’s nowhere near a billion dollars. Money has severe diminishing marginal utility so he did in fact make a huge net improvement. A single rupee for a billion people is a very big deal indeed, but the human brain just rounds one rupee down to zero and a billion people down to a thousand.
Whoever told you that story is taking advantage of your difficulty with very small numbers and very large numbers.
lol. your solution is to invest in the system that creates that poverty so you can feel better when you “help” a handful of people while running the lives of everyone.
yhea, the solution isn’t for a rich person to fix things. it’s for the rich person who created that system and maintains it with violence to lose his head.
This always gets downvotes, so I’ll tell this Indian proverb again. Short version:
Rich guy feels for the beggars. Decides to travel the country and give every one he sees a Rupee. After 20-years of this philanthropy, he is now a beggar himself.
Sound noble? The rich man didn’t improve anyone’s life, only wasted his fortune.
When you acquire that sort of money, by hook or by crook, the only sane way to disburse it is through trusts, scholarships, endowments. Drop a million in the stock market, now you have a never-ending scholarship to give away. Rinse and repeat. The robber barons of old did this and built great things. Apparently they’re too selfish now days. 🤷🏻♂️
Also consider, when you’re filthy rich, you have criminals and other scum banging on your door nonstop. You literally have to hire someone to filter the noise. Bezo’s ex seems to have the idea. She seems to be doing solid charity work.
Lemmy: “Fuck her! She should splat it out all at once!”
Return to the proverb in the second paragraph.
And yes, taxation would solve most of these issues. But isn’t politics all about arguing who gets what money for what purposes? We’ve had rich people since the dawn of time, don’t see them magically going away. At least there’s a sane avenue for them doing good works. Dropping it all at once is a childish notion of how charitable wealth works.
I call this proverb “A Billionaire’s Propaganda”
This is a tried and true unpopular post here… So I’ll post it again.
Aka trolling.
Even if he saw literally everyone in India, that’s nowhere near a billion dollars. Money has severe diminishing marginal utility so he did in fact make a huge net improvement. A single rupee for a billion people is a very big deal indeed, but the human brain just rounds one rupee down to zero and a billion people down to a thousand.
Whoever told you that story is taking advantage of your difficulty with very small numbers and very large numbers.
That’s not an
it’s just some random parable peddled online during the early 90s. Don’t talk shit.
lol. your solution is to invest in the system that creates that poverty so you can feel better when you “help” a handful of people while running the lives of everyone.
yhea, the solution isn’t for a rich person to fix things. it’s for the rich person who created that system and maintains it with violence to lose his head.