this post was submitted on 01 Oct 2024
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The weird thing is that people still believe in the trickle-down effect.
Musk is due to become the world's first recognised trillionaire. Putin was probably the first.
Very rich people are not philanthropic in any way that is noticeable.
I would say "meaningful". Billionaires can have a very noticeable effect with their philanthropy, while making essentially no sacrifice on their part. The Gates Foundation does very noticeable good, but Bill Gates isn't giving of himself very much.
So what exactly would you propose he should do?
You invite my "billionaires shouldn't exist" TED talk.