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"have hundreds of billions in cash." And so what if he does? The biggest issue I see is that so many confuse money/wealth with actual stuff. It's the stuff -
by mdavis6890 5y ago
"have hundreds of billions in cash."
And so what if he does? The biggest issue I see is that so many confuse money/wealth with actual stuff.
It's the stuff - the goods and services that add value to our lives - that matter. Consuming stuff takes from society: the time, effort and material to produce it. Simply having wealth, in whatever form, is totally neutral. If Rich Guy has a trillion Dollars in the bank, it doesn't affect anybody. But if they spend it all on potatoes, then that is what would impact society by subtracting all of the potatoes and limiting their use by others.
Consumption is what takes from society. Wealth doesn't subtract (or add) anything.