See the thing is, he could live very comfortably as a hundred millionaire and help thousands of people with his excess income. Instead he hoards it. Is he actively evil like some other billionaires? No, but merely hoarding that much while others starve disqualifies him from “good person” status.
This criticism applies to every billionaire, not just Gaben.
When you’re talking about hoarding wealth, the problem isn’t just different from hoarding money, it’s a deeper and more complicated problem.
Assets in the case of these assholes is ownership. If they just held onto cash, all they could do is buy shit, which isn’t really a problem.
What they own is vast amounts of the economy, land, and the labor of people.
They think they own the people as well as the labor and products of that labor. They do to a large extent.
When you start whittling down a tier list of which billionaires are worse than others, and there are layers of shittiness there; it’s about their impact and how they wield that wealth as power.
Having lots of money earned does not make a person bad. So I just disagree with your reasoning. But it’s not like i’m dumb and wouldn’t understand where you coming from.
Having lots of money earned does not make a person bad.
They never said that. So maybe you’re disagreeing with their reasoning because you don’t know what it is.
They say billionaires are bad because they have a lot of money and don’t use it to help people. This isn’t even talking about billionaire who engage in actually/actively morally wrong deeds to acquire money.
If you produce a product so excellent that consumers give you 1 billion dollars ($1.000.000.000) in pure profit, there would be no problem if you kept a nest egg to ensure your livelihood and then used the rest to provide aid where it’s needed. You would still be a bad person for sitting on it, instead of spreading it to help people that aren’t well off. A person can live very well on $300K pretty much anywhere in the world: that means $999,700,000 is not materially improving your life and you are hoarding it for no good reason.
See the thing is, he could live very comfortably as a hundred millionaire and help thousands of people with his excess income. Instead he hoards it. Is he actively evil like some other billionaires? No, but merely hoarding that much while others starve disqualifies him from “good person” status.
This criticism applies to every billionaire, not just Gaben.
I’m not sure billionaires actually have billions of dollars just sitting in a bank account.
It’s usually assets that contribute to net worth, not actual cash
Whether that is true or not is immaterial to my point.
Not really though
When you’re talking about hoarding wealth, the problem isn’t just different from hoarding money, it’s a deeper and more complicated problem.
Assets in the case of these assholes is ownership. If they just held onto cash, all they could do is buy shit, which isn’t really a problem.
What they own is vast amounts of the economy, land, and the labor of people.
They think they own the people as well as the labor and products of that labor. They do to a large extent.
When you start whittling down a tier list of which billionaires are worse than others, and there are layers of shittiness there; it’s about their impact and how they wield that wealth as power.
Having lots of money earned does not make a person bad. So I just disagree with your reasoning. But it’s not like i’m dumb and wouldn’t understand where you coming from.
They never said that. So maybe you’re disagreeing with their reasoning because you don’t know what it is.
They say billionaires are bad because they have a lot of money and don’t use it to help people. This isn’t even talking about billionaire who engage in actually/actively morally wrong deeds to acquire money.
If you produce a product so excellent that consumers give you 1 billion dollars ($1.000.000.000) in pure profit, there would be no problem if you kept a nest egg to ensure your livelihood and then used the rest to provide aid where it’s needed. You would still be a bad person for sitting on it, instead of spreading it to help people that aren’t well off. A person can live very well on $300K pretty much anywhere in the world: that means $999,700,000 is not materially improving your life and you are hoarding it for no good reason.