>If you're giving billions away in a philanthropic organization that you run (ie Gates), then you've found new utility for that money.
Billionaires give away far less of their money compared to the average person:
https://www.msn.com/en-us/money/other/ceo-says-billionaires-...
>Based on these figures, MarketWatch reported Bezos donated just .5 percent of his net worth last year - a quarter of the 2 percent the average American donates each year.
Also, why should money be concentrated in the hands of the ultra-wealthy, does their wealth make them more qualified to decide how it's spent compared to society/government?
https://www.theguardian.com/commentisfree/2020/apr/12/americ...
>First off, the amounts involved are tiny relative to the fortunes behind them. Bezos’s $100m, for example, amounts to about 11 days of his income.
>Well-publicized philanthropy also conveniently distracts attention from how several of these billionaires are endangering their workers and, by extension, the public.
>And why should we believe that Gates or any other billionaire’s “boldness” necessarily reflects society’s values and needs? Oligarchies aren’t the same as democracies.
Billionaires give away far less of their money compared to the average person:
https://www.msn.com/en-us/money/other/ceo-says-billionaires-...
>Based on these figures, MarketWatch reported Bezos donated just .5 percent of his net worth last year - a quarter of the 2 percent the average American donates each year.
Also, why should money be concentrated in the hands of the ultra-wealthy, does their wealth make them more qualified to decide how it's spent compared to society/government?
https://www.theguardian.com/commentisfree/2020/apr/12/americ...
>First off, the amounts involved are tiny relative to the fortunes behind them. Bezos’s $100m, for example, amounts to about 11 days of his income.
>Well-publicized philanthropy also conveniently distracts attention from how several of these billionaires are endangering their workers and, by extension, the public.
>And why should we believe that Gates or any other billionaire’s “boldness” necessarily reflects society’s values and needs? Oligarchies aren’t the same as democracies.