Gregory's Server@stux as I understand (and I'm open to a honest and respectful conversation), billionaires don't keep their money under the cushion. Their wealth is not sitting still on a bank account. It's all assets, which is usually businesses, companies, investments that give people jobs, allow new business to be created, and grow. All of which help societies to offer better and more accessible services and products, improving everyone's lives and creating more wealth for everyone.
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  @pplupo And it's not about "hording money" perse as it is avoiding paying taxes for example, so taking their part in the "normal way" of contributing instead of their "special billionaire way" with "giving jobs" that benefit taxes left and right It's like the more capital one owns the less responsiblity they seem to have "beacuse they give us X or Y" @stux where are they taking the money from? There's not enough money laying around, it's all in the asset's, which is extremely beneficial. Much more than the actual taxes, because it's allowing everyone to get money in their pockets too. @stux I want to take the chance to appreciate the respectful conversation. Thank you for the opportunity. |
@stux eventually some of the benefitted people will have ideas, get funded, be successful, and become billionaires themselves in a virtuous cycle.
In general, countries with more billionaires have a better overall quality of life. There's a positive correlation.
They are not simply hoarding money.