It would be wasted very fast.
Comment on Larry Ellison overtakes Elon Musk as world’s richest person
wesker@lemmy.sdf.org 1 day ago
Imagine all the good that could be done by redistributing all the wealth of just 2 people.
Amoxtli@thelemmy.club 1 day ago
SendMePhotos@lemmy.world 1 day ago
Student loan debt?
XeroxCool@lemmy.world 1 day ago
No, it’d take at least a 3rd heinously rich guy to wipe the 1.8tril USD student loan debt. Don’t be ridiculous, 2 can’t pull it off.
Atelopus-zeteki@fedia.io 1 day ago
So there IS a path forward?
XeroxCool@lemmy.world 1 day ago
But like, you can’t just delete someone’s wealth, because they can’t just rebuild an empire from scratch. These self-made billionaires are so strapped for cash, charitably speaking, because they need the capital to fund future charitable investments. Don’t you want to get a trickle of charity more than once? That’s why they can only donate like 10mil a year. Also partly because humans are really bad at estimating the difference between 10mil and 400bil. It’s like a factor of 40. They’ll be drained of wealth after 40 years at 10mil a year.
Oh wait. Hold on. 40 years… 10 mil/year… So 400 million… If we froze their wealth of ~390bil, by the end of this scheme, they’d have… ~390,000,000,000- 400,000,000 =~389.6bil.
OK nevermind fuckem