4 ms·
Say that the value of money holds and that this goes forward without corruption or inefficiency. You still are looking at a situation where a huge amount of mon
by johnnyg 16y ago
Say that the value of money holds and that this goes forward without corruption or inefficiency. You still are looking at a situation where a huge amount of money needs to be invested in a such a way as to return more than it originally was. If it takes me 40 years to build $1B in wealth, what makes me think I can efficiently or intelligently deploy that amount back into "society" or "the community" in far less time? If I band together with other $1B people, doesn't that bring even more competition to the give-it-all-away party and make my job even harder?
- jberryman 16y agoNot sure I understand your point. > what makes me think I can efficiently or intelligently deploy that amount back into "society" or "the community" in far less time It's simple to invest billions of dollars with the intention of increasing your wealth: you hire people at some well-respected financial institutions and pay them a good amount to do it for you. (let's overlook recent history here) In the same way, there are many excellent charitable and non-profit institutions that have the infrastructure and knowledge in place to turn monetary investments into social good.
- kiba 16y agoBecoming wealthier often involves making other people wealthy absolutely by providing better goods and services. It might be more cost-efficient to make everything cheaper to make it easier to help Africans in poverty.