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If the founders take the cash and build, I dunno, the world's biggest yacht, that's a waste. No, that would pay a lot of skilled workers a damn good wage for a

If the founders take the cash and build, I dunno, the world's biggest yacht, that's a waste. No, that would pay a lot of skilled workers a damn good wage for a couple of years. Yachts employ a lot of highly paid people.

bluedevil2k 5y ago
Thank you! People act like the uber-rich buying expensive things is a waste of money. We want them to spend their money. Get it into the hands of people who really need it.
- protomyth 5y ago
  And rich people buy stuff that requires skilled labor. Those craftspeople jobs are well paid. Reducing friction for rich people to buy locally made items is a good thing.
- ThemalSpan 5y ago
  Do that through taxation. I thought trickle down economics had been broadly repudiated.
  - ubercow13 5y ago
    Probably because rich people do not spend enough of their money, not because they spend too much of it.
  - effingwewt 5y ago
    Seriously, reading comments like those you replied to hurts my head. In fact all that's been happening is trickle up, since the wealthiest keep siphoning more and more money, such that we essentially have no middle class left. I like how we use the word class and then deny having a class/caste system.
Igelau 5y ago
I just want to see this incredible yacht.
bpodgursky 5y ago
Plenty of billionaires invest cash in capital expenditures which aren't totally frivolous. Build a global satellite broadband network or something.
kaibee 5y ago
So what? If instead of building the world's biggest yacht, they paid them to dig and refill holes, from the perspective of someone 100 years from now, both would be pretty much equally wasteful. Otoh, investing that into research, wouldn't be.
- refurb 5y ago
  No, because there would be a yacht at the end of it. That has value.
- protomyth 5y ago
  No. Humans need accomplishments and doing pointless work (dig and refill holes) is a drag on the soul no matter how much you pay. Look at all the programmers that get mad when doing dumb work. The yacht is a tangible item that will last and can be pointed to with pride by the workers. Pointless work damages us.

bluedevil2k 5y ago

Thank you! People act like the uber-rich buying expensive things is a waste of money. We want them to spend their money. Get it into the hands of people who really need it.

protomyth 5y ago
And rich people buy stuff that requires skilled labor. Those craftspeople jobs are well paid. Reducing friction for rich people to buy locally made items is a good thing.
ThemalSpan 5y ago
Do that through taxation. I thought trickle down economics had been broadly repudiated.
- ubercow13 5y ago
  Probably because rich people do not spend enough of their money, not because they spend too much of it.
- effingwewt 5y ago
  Seriously, reading comments like those you replied to hurts my head. In fact all that's been happening is trickle up, since the wealthiest keep siphoning more and more money, such that we essentially have no middle class left. I like how we use the word class and then deny having a class/caste system.

Igelau 5y ago

I just want to see this incredible yacht.

bpodgursky 5y ago

Plenty of billionaires invest cash in capital expenditures which aren't totally frivolous. Build a global satellite broadband network or something.

kaibee 5y ago

So what? If instead of building the world's biggest yacht, they paid them to dig and refill holes, from the perspective of someone 100 years from now, both would be pretty much equally wasteful. Otoh, investing that into research, wouldn't be.

refurb 5y ago
No, because there would be a yacht at the end of it. That has value.
protomyth 5y ago
No. Humans need accomplishments and doing pointless work (dig and refill holes) is a drag on the soul no matter how much you pay. Look at all the programmers that get mad when doing dumb work. The yacht is a tangible item that will last and can be pointed to with pride by the workers. Pointless work damages us.