• Bazell@lemmy.zip
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    1 day ago

    No, your cooking skills still can make a bad billionaire into well done.

  • vortic@lemmy.world
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    2 days ago

    So, get this. The 20 wealthiest people in the US hold a collective $3T according to Forbes. In 2025, just under 800,000 Americans experienced homelessness during the year. That means that the 20 wealthiest people in the country could give $3.75M to every homeless person in the country. By giving away only 10% of their wealth, they could give every person who experienced homelessness $375k.

    Now, I don’t necessarily think that giving large amounts of money directly to people who are experiencing homelessness but $375k per person would do a LOT of good if put into a trust whose entire job is to fund programs to help the less fortunate.

    Also, there are a lot of problems in this country that could benefit from funding. I’m just giving numbers as food for thought. These billionaires are hoarding wealth to such an obscene degree that they could essentially end homelessness in the US with 10% of their wealth.

    Hell, if he could liquidate all of his assets (not possible, I know) Elon Musk could essentially solve the homelessness problem single-handedly.

    • CannonFodder@lemmy.world
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      1 day ago

      It’s not like they’re holding 3T cash. What good would giving shares in companies do? If they all tried to sell them, the price would collapse.

      • AdolfSchmitler@lemmy.world
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        8 hours ago

        That do they specifically do they don’t have to pay taxes, not because that’s the only way CEOs get compensated

      • vortic@lemmy.world
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        1 day ago

        Yes, billionaire’s money is largely tied up. They could structure how their earnings are managed, though. Musk sees much faster growth than would be expected from a conservative growth portfolio. If he were invested for conservative growth though, at an average interest rate of 5-6% and he gave away only his interest he could give every person experiencing homelessness in the US $50k/year forever.

        He could easily structure things in such a way to make that happen.

        • Leon@pawb.social
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          8 hours ago

          It’s not so much that it’s tied up, but rather that it’s not real yet can still be used as economic leverage. Elon Musk taking out a massive loan to buy whatever because his company is worth this and that isn’t functionally that different from me taking out a loan because I might win big at the lottery sometime within the next 50 years.

          At some point they start playing fast and loose, and then you end up with bubbles that the rest of us have to pay for because all that imaginary money has to come from somewhere.

      • explodicle@sh.itjust.works
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        1 day ago

        $375k is an absurd amount of money to most people. They’d only have to sell a little to get back on their feet, and then they’d have some decent savings left.

        • Tinidril@midwest.social
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          13 hours ago

          Hell, $37.5k would do so much good. Just 1% and it would give so many people a fighting chance again.

  • Aarrodri@lemmy.ca
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    2 days ago

    Vote with your wallet and your time. Most of these won’t be billionaires if we don’t give them either.

    • Damarus@feddit.org
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      1 day ago

      Unfortunately that is not true. You pretty much cannot escape their claws. What really needs to happen is political measures. Just remember: You don’t become a billionaire by just working hard and no human should be allowed to have that much money.

      • BoycottTwitter@lemmy.zip
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        1 day ago

        Start with the worst of the worst. Targeted action can have a chilling effect (in this case I mean it in a good way but chilling from their perspective) on other billionaires and big donors.

        By far I believe everyone should coalesce around protesting Musk’s companies especially Tesla and Twitter because we all have the power to make a difference. Leaving Twitter is free and will actually save time because no more time wasted using Twitter. Avoiding buying a Tesla is just common sense because it’s an inferior car compared to other EVs.

        No more learned helplessness, we can make a difference!

    • JamesBoeing737MAX@sopuli.xyz
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      1 day ago

      But there will always be idiots who give them money. Leftists would benefit from a populist propaganda campaign the right-wingers are running from the Nazi times forward.

  • thericofactor@sh.itjust.works
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    2 days ago

    If the “good” billionaires start giving all their money away to charity, only the evil billionaires would be left with money, and therefore, power. It would be trivial to use the judicial system to sue someone out of existence.

    • Iheartcheese@lemmy.world
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      2 days ago

      So Taylor Swift remaining a billionaire is somehow a positive thing for humanity? She’s the only thing standing between us and the evil billionaires?

    • stardust@lemmy.ca
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      2 days ago

      Good billionaires would be buying out politicians to bribe them to pass laws that are beneficial to society and buying out companies to pay their workers more and be less damaging to the environment.

      But…they don’t because that’s a fantasy like the idea that a person with super powers would act like Superman as opposed to becoming a tyrant like Homelander.

      • LOGIC💣@lemmy.world
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        2 days ago

        It’s very difficult for a good billionaire to exist in the first place. Like, maybe they inherited the money, but somehow weren’t raised as a selfish piece of shit. But even then, a good person could only be a billionaire for a very short amount of time. They don’t need the money, so a good person would find a way to use it to help others.

        Basically, a person who accumulates a billion dollars is a person who has already had many chances to help others, or try to improve the government or whatever, and repeatedly passed up the opportunity. So, they can’t really be good people, and so a good billionaire really can’t exist, or can’t exist for long.

    • 20cello@lemmy.world
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      2 days ago

      That’s bullshit, no billionaire will give his/her money for free, the governments should make them illegal, capping their wealth at 999 millions.