4 ms·
~I sort of imagined more of a kinetic sculpture, like Buckingham fountain in Chicago, except filled with silver pennies and tiny rails and springs and flippers
by logfromblammo 9y ago
~I sort of imagined more of a kinetic sculpture, like Buckingham fountain in Chicago, except filled with silver pennies and tiny rails and springs and flippers and catapults. And he'd just stand in it wearing a hard hat, letting the little coins fall all over him and roll back into the hopper, to be thrown up in the air again.~
He buys companies with it. He invests and invests and invests during the day, and at night, he sits in his $150k house, with all the lights turned off except the room he's in, with the mechanical thermostat set low in the winter and high in the summer, mending his own socks.
He's an octogenarian, and it doesn't look like he has any plans to support the luxury goods and services industry any time soon. Nor does he seem all that interested in starting new, risky ventures with a lot of R&D. Instead, he has pledged to leave the majority of his fortune to the Gates charity, so they can spend it for him. He literally can't think of enough ways in which he'd like to spend his earned wealth, and has to give it to someone else.
It's not quite leaving it in a money bin, but there's a luthier out there severely disappointed that the best ukulele never made won't be bought by the richest ukulele player that ever lived, because he's just fine with the same $15 model they sell to elementary school kids. There's a professional cook out there severely disappointed that after all those years in school and as a sous chef, the guy that could give someone a break on the way to their own restaurant is still eating his breakfast at McDonald's. And there's a Patreon dependent only one $10/month subscriber away from making rent. And a Lyft driver that would rather be a personal driver. And a landscaper that is one big account away from buying another truck and hiring more employees. And a TaskRabbit peon that would rather be an executive assistant. And a gym teacher that would rather be a personal trainer.
He's just not doing what everyone expects from people with enough money. He's selling underwear and insurance policies and Dilly Bars, and not buying anything fun and expensive from any of the people who would desperately like to sell something fun and expensive, to anyone who could afford it.
Gates is buying malaria and parasite eradication. Musk is buying a Mars colony. Buffett is buying all the same old boring crap that poor folks can buy.