I believe it’s peer pressure once you have that kind of money. They are so far from reality they just don’t think about it. All their cocaine-buddies ramble about how they “deserve it” to throw money out of the window, they worked so hard yadda-yadda.
There was a fantastic write up on Reddit 6 or 7 years ago where a person that rubbed shoulders with the rich explained the drastic differences in behavior between different strata of the rich. He cited there are absolutely those that spend excessively to try to appear more rich than they are. I think the net worth of this category was between $20 million and $200 million (those numbers are from memory). Above that those rich largely don’t do that anymore, and are surprisingly more practical. If someone has a link to that, I’d love a re-read of it. It was very eye opening.
Telorand@reddthat.com 3 months ago
That’s precisely my point. That kind of wealth should not be allowed, specifically because it seems to lead to this kind of behavior. Rare is the wealthy philanthropist; common is the wealthy psychopath.
liam070@sopuli.xyz 3 months ago
The question is: can a wealthy philantropist do more good than a wealthy psychopath can do harm? Buying cars is not really bad per se, it just shows they don’t care for anything but themselves. Spending money on research to solve global warming on the other hand…
Telorand@reddthat.com 3 months ago
I would argue that a collectively wealthy society with middle-class wealth can do far more good than a single philanthropist with god-levels of money. Buying cars isn’t bad, but you’re glossing over the fact that they’re classic cars, i.e. very expensive hobbyist toys; these are not daily drivers, and the point to the gross inequality of the CEO being able to have millions of dollars of play money while he treats real humans like numbers in an expense formula.
Plutocracy is not the answer just because you have one good plutocrat for every nine monsters, because you still have nine monsters countering the efforts of the one.
SexualPolytope@lemmy.sdf.org 3 months ago
Individual philanthropy is never a solution. Most of the breakthroughs happen by public funding. Tax the rich, and fund the research. Don’t let the MFs claim they’re helping anyone out by donating 1% of their stolen wealth.